Global Mobile Wallet market to grow at a CAGR of 36.8 percent by 2019

Reportstack has announced a new market research report on Global Mobile Wallet Market 2015-2019. 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.

About the Report

The report 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 carrying 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,”.

Furthermore, the report emphasizes the increased awareness about 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,”.

To view the table of contents and know more details please visit  Global Mobile Wallet Market 2015-2019.

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:

Infrastructure Inadequacies
For a full detailed list, view our report.

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

About Reportstack:

Reportstack  is one of the leading distributors of market research reports in the world today. We host more than 200,000 research products from the world's top publication houses. These publications are distributed amongst 12 top industry verticals and 62 sub verticals, which are then further classified into 257 business categories and 5000 micro markets. The vast selection criterion provides granular data from the length and breadth of all these industries delivering Reportstack  members with cutting edge research products to facilitate strategic business decisions.

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