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Mobile Wallet Industry Share, Size, Key Players, Research and
Forecasts to 2020 | Hexa Research
“ According to the study by Hexa Research Mobile wallet Market is estimated
to reach over USD 2,950 billion by 2020..”
12 December 2018
Mobile wallet is the electronic wallet that provides reliability to the consumers to purchase electronically and
to make payments online. According to the study by Hexa Research Mobile wallet Market is estimated to
reach over USD 2,950 billion by 2020. Increasing growth of mobile internet application and Smartphone
penetration, are expected to serve key market drivers over the forecast period. The global mobile wallet was
estimated to comprise over 200 million users in 2013, expected to reach over 1,420 million users by 2020,
with growing CAGR of 30.0 % from 2014 to 2020.Retail being the largest application area i n 2013, contributed
for over 39% of global market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/mobile-wallet-industry
This can primarily be attributed to initiatives to equip retail stores with easy mobile device payment
options along with integration of POS terminals and several loyalty schemes that results in better
customer engagement. North America dominated the Mobile wallet industry globally, contributing in
largest market share in terms of revenue. The early adaption of advanced internet services like 3G and
4G are the major factors promoting the mobile wallet industry in this region. Asia Pacific is likely to
witness lucrative growth over next five years due to rapid increase in awareness about online payment
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