Better Safety and Enhanced Profits for Vendors Expected in the Global Mobile Wallet Market: TechNavio

LONDON--()--The perceived benefits of mobile wallets are boosting market projections in the Global Mobile Wallet Market, which is expected to grow at a CAGR of 36.8 percent from 2014-2019, says research firm TechNavio.

About the Report

The latest report by TechNavio highlights the fact that mobile wallets eliminate the need to carry physical wallets while on the go. Mobile wallets ensure more security than cards or cash, especially when traveling, and also offer many other benefits like remote locking, data encryption, memory protection and password control.

“With mobile wallets, the cash is stored on the mobile device, which bypasses the bank in the transaction and reduces the transaction failure rate significantly,” says Faisal Ghaus, Vice President of TechNavio.

Furthermore, the TechNavio report emphasizes the increased awareness of mobile wallets among consumers, which is expected to help sustain market projections through the forecast period. The average consumer is becoming savvier with regards to NFC, and other technology necessary for mobile wallet-based transactions.

“Increased awareness and the overall convenience of the technology is expected to increase the adoption of m-commerce, thus leading overall growth in the Global Mobile Wallet Market in the coming years,” says Ghaus.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
    • Increased Benefits of Mobile Wallets
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Increased Awareness about Mobile Wallets
    • For a full detailed list, view our report.
  • Key Vendors:
    • Amazon.com Inc.
    • Apple Inc.
    • Citrus Payment Solutions PTE.
    • First Data Corp.
  • Other Prominent Vendors:
    • airtel Money
    • Alipay
    • Bank of America
    • Dwolla

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the mobile wallet market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1-630-333-9501
UK: +44-208-123-1770
www.technavio.com
media@technavio.com

Release Summary

The perceived benefits of mobile wallets are boosting market projections in the Global Mobile Wallet Market, which is expected to grow at a CAGR of 36.8 percent from 2014-2019, says TechNavio.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1-630-333-9501
UK: +44-208-123-1770
www.technavio.com
media@technavio.com