Mobile Wallet (NFC, Digital Wallet) Market Size, Status and Forecast 2019-2025
Published on: 24 July 2019 E-mail help@24marketreports.com
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Mobile wallet is a technology where debit and credit card information can be stored in the smart phone. In the other words instead of keeping the physical cards, one can just pay the bill with the help of the smart phone
Mobile Wallet (NFC, Digital Wallet) Market Overview
where the credentials of bank details, card and internet banking information is stored. NFC product type is expected to have highest growth rate with the increasing penetration of NFC-enabled smartphones across all the regions. The product flexibility for converting the devices to NFC-enabled is expected to drive the mobile wallet market growth. North America prevails over another region on account of its shift towards a digital economy. Europe is also showing robust mobile wallet market growth rate, followed by the Asia Pacific. Asian countries show high growth potential due to the adoption of smartphones.At present, in the UK more than 88% of consumer payments are made via cashless modes.
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Mobile Wallet (NFC, Digital Wallet) Market
By Region
United State
Europe
China Japan India
Southeast Asia
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Mobile Wallet (NFC, Digital Wallet) Market
By Application
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1
Financial Institutions (Banks)
2
Payment Network
3
Others
1 Mobile Wallet (NFC, Digital Wallet) Market
By Type
2
3
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Hardware
Software
Services
Key manufacturers covered MasterCard Apple Amazon Square Citibank Citrus Payment Dwolla Merchant Customer Exchange Visa Microsoft Others
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