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