Zion Market Research Mobile Wallet Market, 2016 – 2022 | Page 2

Mobile Wallet Market
Global Mobile Wallet Market worth to gain $ 3,142.17 bn by 2022 , according to new statistics released by the Zion Market Research , the market research group .
Mobile wallet is an innovative technological feature . It is an online interface that offers easy to carry the money or cash like a physical wallet . It provides service of an online transaction for every single operation in a routine . Mobile wallet offers various facilities such as debit , credit and online transaction from a bank account .
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Increasing awareness of comfort and adoption of the smart phone is the key driver of the mobile wallet market . Additionally , high growth in e-commerce is anticipated to fuel the growth of mobile wallet market during upcoming years . However , increasing hacking and fraud cases along with the lack of trust can impact the growth of the market . Many businesses are now focusing on security to provide safe service to end-user and advancement of technology is further surging mobile wallet market growth . Increasing mobile internet users has encouraged a new player to enter the market to provide e-commerce services . This will fuel the growth of mobile wallets during the forecast period , as users will be able to make instant purchases online . High transaction volumes through m-commerce , growing use of smartphone users and high