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The factors that are driving the market growth include rising awareness regarding mobile wallets and their applications, growing smart phone penetration and escalating benefits of mobile wallets. However, factors such as investment and deployment issues are restraining the market growth.Request for sample here: https://www.strategymrc.com/report/mobile-wallet-market-2018/request-sample
Mobile wallet is a digital form of debit card, credit card, or prepaid card information on mobile devices used for sending or receiving payment and to do online money transaction. Mobile wallet can give another method for physical plastic card to make fast purchase through mobile apps. They are tremendously suitable for regular payments such as utility bill payments, groceries etc., and has gained extensive popularity in a variety of sectors such as retail, utilities, telecom, and transportation, among others.
Amongst Application, retail segment accounted for significant market share during the forecast period. The growth of the retail segment can be attributed to the rising number of retail stores across the globe and the demand for convenient transactions. By geography, Asia-Pacific is dominating the global market during predicted period. This growth in the market in the Asia Pacific countries is due to the declining smartphone prices. The demonetization in India has led to the fast acceptance of mobile wallet payment modes which rising the per day transactions by tenfold.
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Some of the key players in Mobile Wallet market include Visa Inc., Sprint Corporation, Samsung Electronics Co., Ltd., Microsoft Corp. Inc, MasterCard Incorporated, Google Inc., First Data Corporation, Citrus Payment Solutions, Citibank, Blackberry Ltd., Bank of America, AT&T INC., Apple Inc., American Express, Alipay, Paytm, Vodafone, PayPal, Oxigen, One97 communications, Amazon.com and Airtel Money.
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Consumer Types Covered:
• Card Users
• Online Shoppers
• Cash Payers
Functionalities Covered:
• Multiple Function
• Single Function
• Universal Function
Applications Covered:
• Grocery Stores
• Public Transportation
• Restaurants
• Retail
• Vending Machines
• Other Applications
Transactions Covered:
• Mobile Coupons
• Money Transfer
• Mobile Commerce Transactions
• Micropayments
• Mobile Ticketing
• Other Transactions
Products Covered:
• Near field communication (NFC)
• Remote Payments
Stakeholders Covered:
• Content and Applications Aggregators
• Hardware Solution Manufacturers
• Mobile Network Operators
• Mobile Wallet Stakeholders
• OSS/BSS solution providers
• Software Developers
• Other Stakeholder
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Release ID: 413296