We live henceforth in a connected world where a mobile as smartphone, Tablet, wearable and more transforms our living and working conditions with improved services, performance, productivity, security, flexibility and more.
One can then observe that, growing numbers of tablet, smart watch and
smartphone users is fueling the mobile wallet market.
According to Research and
Markets, the global mobile
wallet market is expected to grow between 52% and 53% over the Forecast period
from 2016 to 2020.
Beyond Security concerns and lack of awareness, Factors such
as Trending offers and promotional activities by market players, increasing
number of smartphone, wearable users and Customer shift towards electronic money,
Government support for cashless transactions and electronic money, are expected
to boost the market.
Key Vendors: AT&T, Amazon & Apple and large players such as PayPal, Visa
and MasterCard hold a powerful market share in the global mobile wallet market.
Asia-Pacific is expected to be the largest
market for mobile wallet market over the Forecast period from 2016 to 2021.