Mobile Wallet and Payment Technology Market : Global Industry Size, Growth, Share and Forecast 2022 – Brisk Insights

According to a recently published report, the Global Mobile Wallet and Payment Technologies Market is expected to grow at the CAGR of 38.1% during the forecasted period. The global Mobile Wallet and Payment Technologies market is segmented on the basis of application, mode of payment, stake-holders and geography. The report on global mobile wallet and payment technologies market forecast 2015-2022 provides detailed overview and predictive analysis of the market.

The Global mobile wallet and payment technology market is growing at a good pace and some of the factors driving the market are the benefits provided by the technology such as greater convenience and accessibility, increasing smartphone penetration level, Also the customers are getting inclined towards the technology due to the value added services and benefits provided to them. Also rapid technological developments like new chip card technology, NFC technology for contactless payment are driving the market. The growth of mobile payments and instantaneous transactions is also driving the need to set up a real-time payment platform for the underlying infrastructure

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Some of the factors acting as the restrain for the market are problems related to battery and wallet exhaustion. Also the deployment and investment issues are hindering the growth of the market.

Some of the major players of the market include Google, apple, First data, Samsung, MasterCard.

Global Mobile Wallet and Payment Technologies market by application 2012-2022 ($ billion)

1.1. Mobile commerce market

1.1.1. Shopping Market

1.1.2. Wallet Bill Payments

1.1.3. Hotel Booking and Payment

1.1.4. Entertainment and Event Pay

1.2. Mobile ticketing market

1.2.1. Rail, Metro and Bus Tickets

1.2.2. Airline Tickets and Boarding Passes

1.3. Mobile Coupons

1.4. Mobile Transfers

1.5. Micropayments

Global Mobile...