(Wireless-NewsWire.Com, November 10, 2016 ) Mobile wallets are electronic money accounts that can be maintained and used via cell phones and other mobile devices. These wallets help account holders pay bills or purchase goods online. Often, companies give offers and discounts to encourage customers to use these apps. Mobile wallets are based on technologies, such as near-field communication (NFC), and have revolutionized the digital payments market. There has been a rise in the number of point of sale (POS) terminals worldwide since the advent of this technology.
Publisher's analysts forecast the global mobile wallet market to grow at a CAGR of 34.58% by revenue, during the period 2016-2020. For more information about this report: http://www.reportsweb.com/global-mobile-wallet-market-2016-2020 Covered in this report The report covers the present scenario and the growth prospects of the global mobile wallet market for 2016-2020. To calculate the market size, the report considers the revenue generated from retail transactions sourced through mobile wallets.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Publisher's report, Global Mobile Wallet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Apple - Google - PayPal - Visa
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Other prominent vendors - Airtel Money - Alipay - American Express - Bank of America - Citibank - Citrus Payment Solutions - Dwolla - First Data - LevelUp - LivQuik - MasterCard - MCX - Mobikwik - Vodafone - One97 communications - Oxigen - Softcard - Square - Starbucks - Tata Teleservices - Venmo - Y-Cash Software Solutions - ZipCash - ZipPay
Market driver - High transaction volumes through m-commerce - For a full, detailed list, view our report
Market challenge - Infrastructure inadequacies in developing countries - For a full, detailed list, view our report
Market trend - Rise in mobile Internet users - For a full, detailed list, view our report
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