Mobile Wallet Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,

Mobile Wallet Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,


Global Mobile Wallet Market was valued at USD 102.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 19.19% through 2028

A global mobile wallet is a digital application that securely stores financial information, such as credit card details, bank account information, and digital cash balances, on a user's smartphone or other mobile device. It allows users to make a wide range of financial transactions, including payments, money transfers, and bill payments, using their mobile device as a convenient and efficient payment tool. These mobile wallets typically leverage technologies like Near Field Communication (NFC) or Quick Response (QR) codes to enable contactless payments at physical retail locations. Additionally, they often support in-app purchases, online shopping, and peer-to-peer money transfers. Security features like biometric authentication, tokenization, and encryption help protect user data and financial information. Global mobile wallets are accessible across borders and can be used for both domestic and international transactions, making them a versatile and accessible tool for modern digital finance. They are a central component of the shift towards cashless and digital payment methods, offering users a seamless and secure way to manage their financial transactions on a global scale.

Key Market Drivers

Increasing Smartphone Penetration and Digitalization:

The global mobile wallet market is experiencing robust growth driven by the widespread adoption of smartphones and the ongoing process of digitalization. The proliferation of smartphones has created a ubiquitous platform for mobile wallet usage, as these devices serve as the primary interface for mobile payment transactions.

As more people around the world gain access to smartphones, the potential user base for mobile wallets continues to expand. This surge in smartphone penetration, particularly in emerging markets, is propelling the mobile wallet market to new heights. It empowers individuals to perform various financial transactions, from making payments and transferring funds to managing their financial accounts, all from the convenience of their mobile devices.

The digitalization of payment methods is further accelerating the adoption of mobile wallets. Consumers increasingly prefer cashless and contactless payment options due to their convenience and hygiene benefits, especially in the wake of the COVID-19 pandemic. Mobile wallets are well-suited to meet this demand, providing a secure and user-friendly means of conducting transactions.

This trend is also driven by the growing preference for e-commerce and online shopping, where mobile wallets are often the preferred payment method. As businesses and consumers alike embrace digital channels for commerce, the mobile wallet market is poised to thrive, offering a seamless and secure solution for digital payments.

Advancements in Mobile Payment Technologies and Security:

Advancements in mobile payment technologies and security measures are significant drivers of the global mobile wallet market. These innovations have made mobile wallets more convenient, versatile, and secure, addressing many of the early concerns related to privacy and fraud.

Near Field Communication (NFC) Technology: The widespread adoption of NFC technology has revolutionized mobile payments. NFC allows users to make contactless transactions by simply tapping their smartphones on compatible point-of-sale terminals. This technology has greatly simplified and expedited the payment process, making mobile wallets more appealing to users.

Biometric Authentication: Mobile wallets have incorporated biometric authentication methods like fingerprint recognition, facial recognition, and iris scanning. These technologies enhance the security of mobile payments by ensuring that only authorized users can access and use the wallet, reducing the risk of fraud.

Tokenization: Tokenization technology replaces sensitive payment card information with randomly generated tokens, making it virtually impossible for hackers to intercept and misuse card details. This technology adds an extra layer of security to mobile wallet transactions.

Multi-factor Authentication (MFA): MFA methods, such as one-time passwords (OTPs) sent via SMS or authentication apps, add an extra layer of security during mobile wallet account setup and transaction authorization.

These technological advancements have instilled greater confidence in consumers and businesses, boosting the adoption of mobile wallets for various financial activities, including payments, money transfers, and even ticketing for transportation and events.

Contactless Payment Trends and Hygiene Concerns:

The global shift toward contactless payment methods has significantly accelerated the adoption of mobile wallets. This trend is influenced by several factors, including convenience, speed, and most notably, hygiene concerns.

Convenience and Speed: Contactless payments, which mobile wallets excel at, are faster and more convenient than traditional payment methods. The ability to tap a smartphone or wearable device to complete a transaction eliminates the need to handle cash or physical cards.

Hygiene Concerns: The COVID-19 pandemic has heightened awareness of the importance of hygiene and reducing physical contact. As a result, consumers are increasingly opting for touch-free payment options like mobile wallets to minimize the risk of germ transmission.

Retail Acceptance: The growing acceptance of contactless payments by merchants, including small businesses, has made it easier for consumers to use mobile wallets for everyday purchases. Retailers are increasingly investing in contactless payment infrastructure, including NFC-enabled point-of-sale terminals, to accommodate this shift in consumer preferences.

Transportation and Ticketing: Contactless payment methods have also gained traction in transportation systems, enabling travelers to use mobile wallets for contactless fare payments on buses, trains, and subways. Likewise, mobile wallets are being used for contactless event ticketing, making entry to venues more efficient and secure.

Loyalty and Rewards Integration: Many mobile wallet apps offer integration with loyalty programs and rewards systems. This encourages users to make repeat purchases and engage with businesses through the convenience of their mobile wallets.

The global mobile wallet market is poised to benefit significantly from the continued expansion of contactless payment trends, as consumers increasingly view mobile wallets as the go-to solution for secure and convenient transactions in both physical and digital spaces.

Expanding E-Commerce and Online Shopping:

The growing popularity of e-commerce and online shopping is a major driver of the global mobile wallet market. As consumers shift their purchasing habits from traditional brick-and-mortar stores to online platforms, mobile wallets offer a seamless and secure way to make digital payments.

Convenience and Speed: Mobile wallets streamline the online shopping experience by allowing users to store payment information securely. This eliminates the need to manually enter card details for each transaction, making the checkout process faster and more convenient.

Enhanced Security: Mobile wallets incorporate advanced security features such as biometric authentication, tokenization, and encryption, which help protect users' financial information during online transactions. This added layer of security is particularly appealing to online shoppers concerned about data breaches and fraud.

In-App Payments: Many mobile wallet apps offer the option to make purchases within other mobile applications. This functionality, known as in-app payments, simplifies the payment process for services like ride-sharing, food delivery, and subscription-based apps.

Cross-Border Shopping: Mobile wallets facilitate cross-border e-commerce by allowing users to make payments in different currencies and access competitive exchange rates. This is especially important for global online shoppers and businesses engaging in international trade.

Mobile Shopping Apps: Mobile wallets often integrate with popular shopping apps, providing a seamless and integrated payment experience. Users can browse products, select items, and complete purchases without leaving the app.

As the e-commerce sector continues to grow, the global mobile wallet market is expected to witness a corresponding increase in usage. The convenience, security, and versatility of mobile wallets make them an ideal payment method for consumers engaging in online shopping across a wide range of industries, from retail and entertainment to travel and hospitality.

Integration with Loyalty Programs and Discounts:

The integration of mobile wallets with loyalty programs, discounts, and cashback offers serves as a compelling driver of adoption. Mobile wallet providers recognize the value of enhancing the user experience by offering incentives and rewards for using their platforms.

Loyalty Programs: Many mobile wallets allow users to link their loyalty cards or automatically track their loyalty points within the app. This feature encourages users to engage with the mobile wallet regularly and participate in loyalty programs offered by businesses.

Discounts and Cashback: Mobile wallets often partner with retailers to provide exclusive discounts and cashback offers to users. These incentives encourage users to make purchases using the mobile wallet, increasing transaction volume.

Digital Coupons: Mobile wallets can store and display digital coupons and offers from participating merchants. Users can easily redeem these coupons during checkout, promoting the use of mobile wallets for shopping.

Personalized Recommendations: Some mobile wallets use artificial intelligence and machine learning algorithms to analyze user spending habits and provide personalized product recommendations and deals. This enhances the shopping experience and encourages users to explore new products and services.

The integration of loyalty programs, discounts, and incentives into mobile wallets transforms them into comprehensive financial and shopping tools. Users are not only drawn to the convenience of mobile payments but also to the potential for saving money and earning rewards, making mobile wallets a central part of their financial lives.

Government Initiatives and Regulatory Support:

Government initiatives and regulatory support have become important drivers of the global mobile wallet market. Governments and regulatory bodies recognize the potential benefits of mobile payments for financial inclusion, economic growth, and reducing the reliance on cash.

Financial Inclusion: In many regions, mobile wallets have been instrumental in expanding access to financial services among underserved populations. Government programs and partnerships with mobile wallet providers have facilitated the delivery of subsidies, social benefits, and remittances to unbanked and underbanked individuals.

Cashless Initiatives: Governments in various countries are promoting cashless societies to reduce the circulation of physical currency, combat tax evasion, and improve transparency in financial transactions. Mobile wallets are a central component of these initiatives, and regulatory frameworks have been established to encourage their use.

Interoperability: Some governments have mandated interoperability standards to ensure that users can transact seamlessly across different mobile wallet providers and banking institutions. Interoperability enhances the utility of mobile wallets by allowing users to send money to individuals who use different wallet services.

Regulatory Compliance: Regulatory bodies are actively working to establish clear guidelines for mobile wallet providers, addressing issues related to consumer protection, anti-money laundering, and cybersecurity. Regulatory support helps build trust among users and businesses.

Digital Identity: Governments are exploring the use of mobile wallets as a means of providing digital identity credentials to citizens. This can facilitate access to government services, voting, and various forms of identification.

Government initiatives and regulatory support create an environment conducive to the growth of the mobile wallet market. They provide a framework for innovation, security, and interoperability, which ultimately benefits users and businesses. As governments continue to recognize the advantages of mobile payments, mobile wallet adoption is expected to thrive, promoting financial inclusion and driving economic development.

In conclusion, the global mobile wallet market is driven by a combination of factors, including the increasing prevalence of smartphones, advancements in payment technologies and security, contactless payment trends, expanding e-commerce, integration with loyalty programs and incentives, and government initiatives to promote digital payments. These drivers collectively shape the mobile wallet landscape and contribute to its ongoing growth and evolution as a fundamental component of modern finance and commerce.

Government Policies are Likely to Propel the Market

Digital Financial Inclusion Policies:

Digital financial inclusion policies are designed to extend access to financial services, including mobile wallets, to underserved and unbanked populations. Governments worldwide recognize the importance of financial inclusion in fostering economic growth and reducing income inequality.

Regulatory Frameworks for Digital Financial Services: Governments establish regulatory frameworks that govern the operation of mobile wallet providers and ensure compliance with financial regulations. These frameworks often include licensing requirements, customer identification procedures, and transaction limits. By creating clear and enabling regulations, governments can attract more mobile wallet providers, encourage competition, and protect consumers' interests.

Promoting Agent Banking Networks: To reach remote and rural areas, governments often encourage the establishment of agent banking networks. These networks allow individuals to access mobile wallet services through local agents, such as convenience stores or post offices. Government policies may incentivize banks and mobile wallet providers to expand their agent networks, thereby increasing the accessibility of digital financial services.

Subsidy and Aid Disbursement through Mobile Wallets: Many governments utilize mobile wallets as a means to disburse subsidies, social benefits, and aid payments directly to recipients. This approach reduces leakages and ensures that funds reach their intended beneficiaries. Implementing such policies not only promotes financial inclusion but also reduces the administrative costs associated with traditional disbursement methods.

Financial Literacy and Education Programs: To maximize the impact of digital financial inclusion policies, governments often run financial literacy and education programs. These programs aim to familiarize citizens, especially those with limited exposure to financial services, with the benefits and safe use of mobile wallets.Educating users helps build trust in digital financial services and encourages broader adoption.

Consumer Protection and Privacy Regulations:

Governments play a critical role in safeguarding the interests of consumers and protecting their privacy in the mobile wallet market. Consumer protection and privacy regulations are vital to ensure that users' financial data and transactions are secure.

Data Protection and Privacy Laws: Governments enact data protection and privacy laws that require mobile wallet providers to adhere to stringent standards for the collection, storage, and sharing of user data. These laws often align with international best practices to safeguard user privacy.

Transaction Dispute Resolution Mechanisms: Governments establish mechanisms for the resolution of transaction disputes and complaints, ensuring that users have recourse in case of erroneous or unauthorized transactions. This fosters trust among users and encourages greater adoption of mobile wallets.

Limits on Liability: Regulatory policies may outline the limits of liability for users in case of mobile wallet-related fraud or security breaches. Clear liability frameworks provide users with confidence in the security of their funds and transactions.

Interoperability Standards:

Interoperability standards are essential to enable users of different mobile wallet providers and banks to transact seamlessly with one another. Governments can play a central role in defining and promoting these standards.

Mandating Interoperability: Governments may mandate that mobile wallet providers and financial institutions implement interoperable systems, ensuring that users can transfer funds and make payments across different platforms. Interoperability policies enhance the convenience and utility of mobile wallets, driving their adoption.

Regulatory Sandboxes for Innovation: Regulatory sandboxes provide a controlled environment for fintech companies, including mobile wallet providers, to test and develop innovative solutions. Governments may use sandboxes to encourage the development of interoperable technologies.

Digital Identity and Know Your Customer (KYC) Regulations: Digital identity and KYC regulations are critical for verifying the identity of mobile wallet users and preventing fraud and money laundering.

Digital ID Infrastructure: Governments may invest in the development of digital identity infrastructure, such as biometric identification systems or eID cards, to facilitate secure and efficient user onboarding for mobile wallets. Digital IDs enhance the reliability and security of mobile wallet transactions.

KYC Requirements: Mobile wallet providers are often required to implement robust KYC procedures to verify the identity of users. Governments set guidelines for the level of KYC required for various types of mobile wallet accounts.

Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Regulations: Governments establish AML and CTF regulations that mobile wallet providers must adhere to. These regulations include reporting suspicious transactions and conducting due diligence on high-risk customers.

Cashless and Digital Payment Promotion:

Many governments actively promote cashless and digital payments to reduce the reliance on physical currency, combat tax evasion, and enhance financial transparency.

Cashless Payment Campaigns: Governments run public awareness campaigns to encourage consumers and businesses to adopt cashless payment methods, including mobile wallets. These campaigns often highlight the convenience and security of digital payments.

Tax Incentives: Some governments offer tax incentives to businesses that accept digital payments, creating a financial incentive for merchants to embrace mobile wallets and other cashless options.

Reduced Cash Handling Costs: Governments recognize the cost savings associated with reduced cash handling and management. They may work with businesses to implement cashless payment solutions, including mobile wallets, to reduce these costs.

Cybersecurity and Fraud Prevention Regulations:

Cybersecurity and fraud prevention are paramount in the mobile wallet market to protect users and maintain trust in digital financial services.

Cybersecurity Standards: Governments establish cybersecurity standards and best practices that mobile wallet providers must follow. These standards cover encryption, secure authentication, and incident response procedures.

Reporting and Incident Response: Mobile wallet providers are often required to promptly report security incidents and data breaches to both regulatory authorities and affected users. Governments set guidelines for such reporting and require providers to have robust incident response plans.

Penalties for Non-Compliance: Governments may impose penalties on mobile wallet providers that fail to meet cybersecurity and fraud prevention standards. These penalties serve as a deterrent and incentive for providers to invest in security measures.

In conclusion, government policies play a pivotal role in shaping the global mobile wallet market. Policies related to digital financial inclusion, consumer protection, interoperability, privacy, digital identity, and cybersecurity collectively influence the adoption, security, and functionality of mobile wallets. As governments worldwide recognize the transformative potential of mobile wallets in driving financial inclusion and economic growth, their regulatory and policy efforts are expected to continue evolving to support this dynamic industry.

Key Market Challenges

Security and Privacy Concerns in the Mobile Wallet Market:

Security and privacy concerns represent one of the most significant challenges facing the global mobile wallet market. As the adoption of mobile wallets continues to grow, so does the attention of cybercriminals and the scrutiny of regulators and consumers. Here's an in-depth analysis of this challenge:

Fraud and Unauthorized Access: A major concern in the mobile wallet market is the risk of fraud and unauthorized access to users' financial information. Cybercriminals employ various tactics such as phishing, malware, and social engineering to gain access to mobile wallets, steal funds, or commit identity theft. Mobile wallet providers must continuously improve security measures to protect against these threats. This includes implementing robust authentication methods, end-to-end encryption, and real-time transaction monitoring.

Data Breaches: High-profile data breaches have raised concerns about the security of personal and financial data stored in mobile wallets. These breaches can result in significant financial losses and damage to a user's reputation. Mobile wallet providers must invest heavily in cybersecurity infrastructure to safeguard user data. Regular security audits, vulnerability assessments, and prompt response to any breaches are essential.

Phishing and Social Engineering: Phishing attacks target users through fraudulent messages or websites that appear legitimate. Social engineering exploits human psychology to manipulate users into revealing sensitive information. Mitigating these threats requires educating users about recognizing phishing attempts and promoting awareness of social engineering tactics.

Regulatory Compliance: Governments and regulatory bodies are increasingly focused on enforcing security and privacy standards in the mobile wallet industry. Providers must comply with stringent regulations related to data protection, customer authentication, and anti-money laundering. Achieving and maintaining compliance with these regulations can be complex and costly.

Consumer Trust: The perception of security and privacy directly impacts consumer trust in mobile wallet services. High-profile security incidents can erode trust, hindering the adoption of mobile wallets. Mobile wallet providers must proactively communicate their security measures and privacy practices to build and maintain trust among users.

Balancing Convenience and Security: Striking the right balance between convenience and security is an ongoing challenge for mobile wallet providers. Implementing stringent security measures can sometimes lead to a cumbersome user experience, potentially discouraging adoption. Providers must innovate to create frictionless yet secure user experiences, such as integrating biometric authentication methods.

Interoperability and Fragmentation in the Mobile Wallet Market:

Interoperability and fragmentation present a significant challenge in the global mobile wallet market. The industry features a multitude of providers, each with its own technology and ecosystem, making it challenging for users to transact seamlessly across platforms. Here's an analysis of this challenge:

Lack of Standardization: The absence of standardized protocols and technologies in the mobile wallet market results in a lack of interoperability. Users often find it difficult to use their mobile wallet with different point-of-sale terminals, mobile devices, or even across borders. Achieving interoperability requires collaboration among industry stakeholders, including mobile wallet providers, payment networks, and regulators, to establish common standards.

Fragmented Ecosystems: Many mobile wallet providers create closed ecosystems, limiting the ability of users to transact with individuals or businesses outside of their specific platform. This fragmentation hinders the widespread adoption of mobile wallets. Providers must recognize the benefits of open ecosystems and work toward interoperability to ensure users can use their mobile wallets wherever they choose.

Regional Variations: Different regions and countries have varying preferences for mobile wallet providers and technologies. What works well in one market may not be accepted in another. Mobile wallet providers must adapt to regional preferences and regulations to gain market share in diverse global markets.

Competitive Challenges: The competitive landscape
of the mobile wallet market often leads providers to prioritize exclusive partnerships and features over interoperability. While this can drive user loyalty, it can also contribute to ecosystem fragmentation. Providers should seek opportunities for collaboration that benefit both their users and the industry as a whole.

User Confusion: Users may become confused by the multitude of mobile wallet options and the lack of interoperability. This confusion can deter users from adopting mobile wallets altogether. Education campaigns and clear communication about the interoperability of mobile wallet services can help address this challenge.

Regulatory Involvement: Regulators are increasingly focusing on interoperability as a means of promoting competition and ensuring fair access to digital financial services. This involvement can lead to additional compliance requirements for mobile wallet providers. Mobile wallet providers must be prepared to adapt to regulatory changes that aim to improve interoperability and competition.

Addressing the challenge of interoperability and fragmentation in the mobile wallet market requires industry-wide cooperation and a commitment to open standards. By prioritizing user convenience and collaboration over closed ecosystems, providers can enhance the overall usability and acceptance of mobile wallet services, fostering greater global adoption.

Segmental Insights

Quick Response (QR) code Insights

The Quick Response (QR) code segment had the largest market share in 2022 & expected to maintain in the forecast period. Quick Response (QR) code technology has played a transformative role in the global mobile wallet market. It has become a ubiquitous tool for facilitating secure and convenient mobile payments, enhancing user experiences, and driving the adoption of digital wallets. QR codes simplify the process of making mobile payments. Users can scan a QR code displayed by a merchant or another user to initiate a payment or transaction, eliminating the need for manual data entry. This enhanced convenience encourages more people to adopt mobile wallets as their preferred payment method, particularly for everyday transactions like retail purchases or bill payments. QR codes offer a cost-effective solution for businesses and merchants to accept mobile payments. Unlike traditional point-of-sale (POS) terminals, which can be expensive to install and maintain, QR code payments can be facilitated with minimal investment. This affordability makes QR codes an attractive option for small businesses, street vendors, and emerging markets, expanding the accessibility of mobile wallet services. QR codes are platform-agnostic, meaning they can be scanned and used across various mobile wallet apps and devices. This interoperability ensures that users are not restricted to a specific mobile wallet or smartphone. It also fosters competition among mobile wallet providers, as users are not locked into a single ecosystem. QR code technology incorporates security features such as encryption and tokenization to protect payment data. When users scan a QR code to make a payment, their financial information is kept secure, reducing the risk of fraud. This security reassures users and builds trust in mobile wallet services. QR code-based mobile payments have experienced rapid adoption in emerging markets where access to traditional banking infrastructure is limited. Mobile wallets and QR code payments enable individuals to participate in the digital economy. Governments and businesses in these regions often promote QR code-based payments as a means of financial inclusion.
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Semi-closed Insights

The Semi-closed segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Semi-closed mobile wallets are often introduced to comply with regulatory requirements in various countries. These regulations are designed to ensure transparency, consumer protection, and financial stability. Regulatory bodies may impose restrictions on the usage of mobile wallets to prevent misuse, fraud, or money laundering. Semi-closed wallets are tailored to meet these regulatory requirements. Semi-closed wallets are typically designed for specific use cases or limited to a predefined network of merchants or service providers. For example, they may be used exclusively for transit fare payments, utility bill payments, or purchases at a particular retail chain. These wallets are valuable for facilitating targeted transactions, such as public transportation payments in urban areas, where commuters can use a semi-closed wallet for bus or subway fare payments. Semi-closed wallets can play a crucial role in promoting financial inclusion, especially in regions with a large unbanked or underbanked population. They offer a gateway to digital financial services for individuals who may not have access to traditional banking. By enabling users to make payments for essential services like electricity, water, and government fees, semi-closed wallets help people transition from cash-based transactions to digital payments. Operators of semi-closed wallets often establish partnerships with utility companies, public transportation agencies, and other service providers. These collaborations expand the acceptance network for the mobile wallet. For example, a semi-closed wallet may partner with a network of gas stations, allowing users to pay for fuel or services using the wallet.

.Regional Insights

Asia Pacific: The Asia Pacific region had the largest market for mobile wallets in 2022. This is attributed to the following factors such as, The increasing penetration of smartphones and mobile payment technologies in the region, The growing popularity of e-commerce, and Government initiatives to promote the use of mobile wallets among others.

China is the largest market for mobile wallets in the Asia Pacific region, followed by India, Indonesia, and Japan.

North America The North American market had the second-largest market for mobile wallets, in 2022. This is due to the following factors such as the high adoption of mobile wallets in the United States and Canada, the growing popularity of contactless payments, and the increasing adoption of mobile wallets by merchants.

The United States is the largest market for mobile wallets in North America, followed by Canada and Mexico.

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1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Mobile Wallet Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Semi-Closed, Open, Closed)
5.2.2. By Technology (Quick Response (QR) Codes, Near Field Communication (NFC), Magnetic Secure Transmission (MST), Others)
5.2.3. By Ownership (Telecom Operators, Device Manufacturers, Tech Companies, Banks)
5.2.4. By Application (Entertainment & Travel, Bill Payments, Food & Drinks, Groceries, Peer-to-Peer Transfer, Others)
5.2.5. By Region
5.2.6. By Company (2022)
5.3. Market Map
6. North America Mobile Wallet Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Technology
6.2.3. By Ownership
6.2.4. By Application
6.2.5. By Country
6.3. North America: Country Analysis
6.3.1. United States Mobile Wallet Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Technology
6.3.1.2.3. By Ownership
6.3.1.2.4. By Application
6.3.2. Canada Mobile Wallet Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Technology
6.3.2.2.3. By Ownership
6.3.2.2.4. By Application
6.3.3. Mexico Mobile Wallet Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By Technology
6.3.3.2.3. By Ownership
6.3.3.2.4. By Application
7. Europe Mobile Wallet Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Technology
7.2.3. By Ownership
7.2.4. By Application
7.2.5. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Mobile Wallet Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Technology
7.3.1.2.3. By Ownership
7.3.1.2.4. By Application
7.3.2. United Kingdom Mobile Wallet Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Technology
7.3.2.2.3. By Ownership
7.3.2.2.4. By Application
7.3.3. Italy Mobile Wallet Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecasty
7.3.3.2.1. By Type
7.3.3.2.2. By Application
7.3.4. France Mobile Wallet Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Technology
7.3.4.2.3. By Ownership
7.3.4.2.4. By Application
7.3.5. Spain Mobile Wallet Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Technology
7.3.5.2.3. By Ownership
7.3.5.2.4. By Application
8. Asia-Pacific Mobile Wallet Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Technology
8.2.3. By Ownership
8.2.4. By Application
8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Mobile Wallet Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Technology
8.3.1.2.3. By Ownership
8.3.1.2.4. By Application
8.3.2. India Mobile Wallet Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Technology
8.3.2.2.3. By Ownership
8.3.2.2.4. By Application
8.3.3. Japan Mobile Wallet Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Technology
8.3.3.2.3. By Ownership
8.3.3.2.4. By Application
8.3.4. South Korea Mobile Wallet Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Technology
8.3.4.2.3. By Ownership
8.3.4.2.4. By Application
8.3.5. Australia Mobile Wallet Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Technology
8.3.5.2.3. By Ownership
8.3.5.2.4. By Application
9. South America Mobile Wallet Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Technology
9.2.3. By Ownership
9.2.4. By Application
9.2.5. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Mobile Wallet Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Technology
9.3.1.2.3. By Ownership
9.3.1.2.4. By Application
9.3.2. Argentina Mobile Wallet Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Technology
9.3.2.2.3. By Ownership
9.3.2.2.4. By Application
9.3.3. Colombia Mobile Wallet Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Technology
9.3.3.2.3. By Ownership
9.3.3.2.4. By Application
10. Middle East and Africa Mobile Wallet Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Technology
10.2.3. By Ownership
10.2.4. By Application
10.2.5. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Mobile Wallet Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Technology
10.3.1.2.3. By Ownership
10.3.1.2.4. By Application
10.3.2. Saudi Arabia Mobile Wallet Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Technology
10.3.2.2.3. By Ownership
10.3.2.2.4. By Application
10.3.3. UAE Mobile Wallet Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Technology
10.3.3.2.3. By Ownership
10.3.3.2.4. By Application
11. Market Dynamics
12. Market Trends & Developments
13. Company Profiles
13.1. Alphabet Inc. (Google Pay),
13.2. Samsung Electronics Co., Ltd. (Samsung Pay),
13.3. Apple Inc. (Apple Pay),
13.4. Careem Networks FZ LLC,
13.5. Ant Group (Alipay)
13.6. WePay Inc.
13.7. PayPal
13.8. Paytm
13.9. M-Pesa
13.10. Vipps MobilePay AS
14. Strategic Recommendations
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