Mobile Wallet Market Trends, Analysis & Forecast,2026

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Mobile Wallet Market Growth Industry Analysis
Report, 2020-2026
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Continued

• Mobile wallet market value is on a robust growth
  trajectory as countries move to a less
  cash-dependent state, while the foray made by
  technology companies in the fintech sector has
  brought a tectonic shift in digital payment
  landscape. The transition from online banking
  platforms to mobile banking apps will continue to
  provide revenue generating opportunities for
  forward-looking companies.
• Semi-closed mobile wallets will potentially set
  the trend as a payment instrument as they do not
  allow users to redeem or withdraw cash, thereby
  protecting the interest of participating
  retailers and merchants pertaining to guaranteed
  sales. Several merchants are partnering with
  e-wallet issuing companies as preference to shop
  online has provided an alternative for cash.

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Key Insights Mobile Wallet Market

• With banks and financial institutions adopting
  mobile wallets to bolster customer relationship
  and expand penetration of payment landscape,
  bank-owned mobile wallet portfolio will witness a
  pressing growth during the assessment period
  2020-2026.
• Banks see the upsides such as ease of usage
  pertaining to money transfer as a massive draw
  for the end-use customers. The bank-owned mobile
  wallet segment is projected to expand at a
  healthy CAGR of around 14 through 2026.
• Compelling use of mobile wallets for retail
  businesses has furthered the position of mobile
  wallet market players as digital only mobile
  wallet solution has unlocked growth opportunities
  for leading companies in the landscape.

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Major Companies Interventional Cardiology And
Peripheral Vascular Devices Market

• Communications Limited
• PayPal HoldingsInc.
• Samsung Electronics Co. Ltd.
• Skrill Ltd.
• Tencent Holdings Limited.
• Visa Inc.
• Vodafone Group PLC
• Wells Fargo Company.

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Regional Mobile Wallet Market

• Europe mobile wallet market size is likely to
  grow at a steady pace in light of growing
  footfall of mobile wallet providers in the U.K.,
  France. Germany, Italy and Austria. Europe
  allegedly had 26 mobile wallets operated by banks
  (the region had over 50 mobile wallets) in 2019.
• Majority of the wallets were rolled out through
  the collaboration between banks and technology
  giants. It is pertinent to mention that more than
  23 mobile wallets were launched by non-banking
  fronts. Europe is likely to experience a strong
  growth rate expanding at over 15 through 2026.

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