Mobile Wallet Market – Opportunities & Forecast, 2020-2027 - Gurgaon

Saturday, 19 September, 2020

Item details

City: Gurgaon, Haryana
Offer type: Offer

Contacts

Contact name Gmi Research

Item description

The significant factors contributing to the growth of the global mobile wallet market include the growing penetration of smartphone users and increasing awareness related to the use of mobile wallets. The mobile wallet market is projected to increase at a considerable rate owing to improved cash flow, fast accessibility to payment, and no requirement to carry liquid currencies. After the announcement of demonetization in India, the market has seen an immediate boost owing to the rise in digital payments.

The major factors driving the growth of mobile wallet marketing include increasing online transactions and rising internet penetrations. Besides that, the research & development activities (R&D) for the development of technologically advanced products and implementations of numerous mobile wallet marketing strategies are attracting many consumers into the market. The factors which will restraint the growth of the global mobile wallet market is the concern for the security, privacy, and the transparency of charges. Some other factors hampering the growth of the global mobile wallet market include the issues with the compatibility as the applications do not support all OS, the launching of UPI, and the competition from credit and debit cards.

Visit: httpswww.gmiresearch.com/report/global-mobile-wallet-market/