Global Mobile Wallet Market Insight, Size, Share, Growth, Up-To-Date Key Trends, Regional Outlook, And Forecast – 2032

The global mobile wallet market was valued at USD 7.42 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 28.3% from 2023 to 2032.This market report offers an in-depth analysis of the market size, competitive intelligence, market share analysis of the manufacturers, segments & sub-segments, and forecast by 2032. The report emphasizes market dynamics such as drivers, trends, challenges, opportunities, and forecast analysis.

Mobile wallets provide a convenient and secure way for users to make digital payments for various goods and services. The ease of linking bank accounts, credit cards, and other payment methods to mobile wallets allows users to quickly and effortlessly complete transactions, reducing the need for physical cash or cards.

Recent Developments:

In June 2023, Google announced the expansion of Google Wallet in five more countries: Albania, Argentina, Bosnia and Herzegovina, North Macedonia, and Montenegro. A company representative revealed the launch in a forum post, noting that the app expanded to 12 countries throughout Asia, Europe, and North America in November last year.

In June 2023, Alipay, a Chinese mobile payment platform, and Mastercard, a payments network, partnered to provide international tourists with another easy means to make cashless payments in China. International tourists can attach any Mastercard card to their Alipay digital wallet, making e-payments in China easier through collaboration.

In January 2023, Samsung Electronics announced the expansion of its digital wallet, Samsung Wallet, in eight new countries: Canada, Australia, Brazil, Hong Kong, Malaysia, India, Taiwan, and Singapore. The wallet is a secure, go-everywhere app to use and helps in organizing daily essentials.

In October 2022,Visa introduced a crypto wallet for Bitcoin, Ethereum, and Ripple (XRP).The applications cover a wide range of services related to cryptocurrency, including the issuance of cryptocurrency cards, the provision of cryptocurrency wallets, and the facilitation of cryptocurrency payments.

This market research report estimates the market's value (in millions of USD) and volume (in units). Based on recent changes and historical data, the market study assesses market trends. It offers both qualitative and quantitative information on the factors that will influence the market's expansion between 2023 and 2032. In this report, the market potential and consumption potential of significant companies are covered. Additionally, it focuses on major geographies such as (North America, the Middle East, Africa, Asia Pacific, Europe, and Latin America). The research study also analyses the influence of COVID-19 on the market.

Key Mobile Wallet Companies:

Amazon Web Services, Inc.

Visa Inc.

American Express

PayPal Holdings Inc.

Apple Inc.

Google Inc.

Airtel

Mastercard

Alipay

Samsung

AT&T

Global Mobile Wallet Market Segmentation

Technology Outlook:

Remote

Proximity

Application Outlook:

Retail & E-commerce

Hospitality & Transportation

Banking

Vending Machine

Others

The report covers extensive competitive intelligence which includes the following data points:

• Company Overview

• Products/Services Offerings

• Financial Statements

• Latest Developments

• Market Share Analysis (%)

• Competitive Benchmarking

Key Benefits for Stakeholders:

• The report will provide valuable insights and data that help stakeholders make informed and strategic decisions.

• The reports also offer information on market trends, growth opportunities, customer preferences, competitive landscape, and emerging technologies, enabling stakeholders to assess market potential and develop effective strategies.

• It will offer competitive intelligence by analyzing the competitive landscape, market share of key players, and their strategies. This information enables stakeholders to assess their position in the market, identify competitors' strengths and weaknesses, and formulate strategies to gain a competitive edge.

• Also, the report will provide stakeholders with credible and reliable data that can be shared with investors, lenders, or stakeholders within the organization.

• These reports enhance investor confidence by showcasing thorough market analysis, potential growth opportunities, and informed decision-making processes.

Reasons to Purchase this Report:

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Research Methodology:

Wisdom Market Research follows an extensive research methodology that involves a blend of both primary and secondary research. Information assembling and understanding the market's definition is a critical point in our research process.

• Secondary Sources: Some of the prominent examples include annual reports, press releases & investor presentations of companies, white papers, government statistics companies such as WHO, NGOs, World Bank, and many others, regulatory bodies, and trade directories.

• Primary Sources: The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies. The primary sources from the supply side include associations and institutions involved in the particular industry, key opinion leaders, and processing players.