Global mobile wallet market 2015 2019

payments industry overview

Proximity product type is expected to have highest growth rate over the forecast period with the increasing penetration of NFC enabled smartphones across all the regions. Global mobile payment revenue Global mobile payment revenue Total revenue of global mobile payment market from to in billion U.

global b2b payments market size

Favorable consumer preferences along with the presence of large number of service providers in the region are few factors accounting for the significant growth. The retailers incorporating the cashless payment technology with digital marketing are envisioned to attain the consumer data opportunities and loyalty.

The worldwide mobile payment revenue in was billion U.

Global payments volume

The implementation of multi-channel strategies by merchants owing to the increasing competition from Internet vendors is influencing the growth of this market. Growing awareness regarding mobile wallets and their applications, rising smartphone penetration and increasing security are expected to drive the mobile wallet market. The worldwide mobile payment revenue in was billion U. Furthermore, Value Added Service VAS has been the acting as an enabling force driving the industry demand and cashless payments. The retailers are increasing gaining the potential benefits of accepting transactions using mobile wallet. Lack of privacy and security threat over the mobile payments might result in affecting the segment demand. The retail application is estimated to dominate the business in terms of revenue in The technology help the retailers in offering special promotions and in tracking the loyalty rewards for improving the relations to mobile customers. The report includes detailed company profiles of the prominent market players. On the other hand higher investment and deployment issues have also been detrimental to market growth. The retailers incorporating the cashless payment technology with digital marketing are envisioned to attain the consumer data opportunities and loyalty. The study also offers an updated review on the present major market players, which also includes description of relevant recent developments activities. Product segments cover NFC and remote payment methods. However, higher initial investment and rise in online frauds is expected to impact the growth of the mobile wallet market. The possibilities to shop on mobile devices or specially designated mobile apps are plentiful: online market leaders eBay and Amazon offer designated mobile shopping apps and sites and brick-and-mortar stores such as BestBuy or Target are also catching up.

The technology help the retailers in offering special promotions and in tracking the loyalty rewards for improving the relations to mobile customers. Although mobile payment services have the potential to transform the shopping and payment experience, most consumers still prefer cash or credit card payment due to their concerns related to security and technology infancy of mobile wallet.

payment processing market size

The possibilities to shop on mobile devices or specially designated mobile apps are plentiful: online market leaders eBay and Amazon offer designated mobile shopping apps and sites and brick-and-mortar stores such as BestBuy or Target are also catching up.

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Mobile Wallet Market Is Expected To Reach $5, Million By