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Research and Markets - Global Mobile Wallet Market Growth at CAGR of 35.5%, 2017-2021: Key Vendors are Alibaba, Apple, Citrus, Google, MasterCard, Oxigen Services, PayPal, Samsung Electronics & VisaDUBLIN, Jan 3, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Mobile Wallet Market 2017-2021" report to their offering. The global mobile wallet market to grow at a CAGR of 35.5% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global mobile wallet market for 2017-2021. To calculate the market size, the report considers the revenue generated from the from retail transactions sourced through mobile wallets. These transactions include m-commerce transactions, mobile ticketing, mobile coupons, money transfer, and micropayments. According to the report, the introduction of mobile payment gateways such as Apple Pay, Samsung Pay, and Android Pay has simplified the process of paying bills. Customers no longer need to carry credit or debit cards. One of the major reasons for these big players to come forward with the NFC-based mobile payment option is its security features, where neither a consumer nor a retailer can access the card information or security code illegitimately. Users are required to save their financial data on their smartphones once. They can make transactions by bringing the phone closer to the vendor's contactless payment-capable POS system. Once the connection is established, users approve the ransaction either by scanning their fingerprint or by entering the secure password known only to them. Further, the report states that the growth of the mobile wallet market depends on the demand and availability of NFC POS terminals. As POS terminals for NFC payments are expensive, retailers will likely upgrade their infrastructure only if there is widespread adoption of contactless payments among consumers. Though companies such as Samsung Electronics, Orange, AT&T, Starbucks, and Gemalto are supporting contactless payments, retailers have not yet upgraded their POS terminals as it expensive. This inter-dependence of retailers and technology providers is slowing down the growth of the global mobile wallet market. Key Vendors:
Other Prominent Vendors:
Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Market landscape Part 06: Market segmentation by application Part 07: Market segmentation by industry Part 08: Geographical segmentation Part 09: Key leading countries Part 10: Buying criteria Part 11: Market drivers Part 12: Impact of drivers Part 13: Market challenges Part 14: Impact of drivers and challenges Part 15: Market trends Part 16: Vendor landscape Part 17: Appendix For more information about this report visit http://www.researchandmarkets.com/research/8mqgwx/global_mobile Media Contact: Research and Markets Laura Wood, Senior Manager For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
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