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Mobile Wallet Market Future Opportunity and Growth Analysis Report to 2030

Global mobile wallet market has been growing at an appreciable pace over the past few years. The recent COVID-19 pandemic has encouraged people to opt for cashless alternatives. Emphasis on safe and contactless transactions has encouraged people to get more comfortable with using mobile wallet services for making payments and receiving funds.

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Mobile Wallet Market Future Opportunity and Growth Analysis Report to 2030

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  1. Mobile Wallet Market Future Opportunity and Growth Analysis Report to 2030

  2. Industry Insights • Global mobile wallet market has been growing at an appreciable pace over the past few years. The recent COVID-19 pandemic has encouraged people to opt for cashless alternatives. Emphasis on safe and contactless transactions has encouraged people to get more comfortable with using mobile wallet services for making payments and receiving funds. • As per a recent report by CDC, contact with a contaminated surface is reported to have a 1 in 10,000 chance of causing an infection. By eliminating reliance on cash and providing a safer method to make transactions online, mobile wallets are an ideal tool for increasing financial inclusion. A study by Forbes revealed that over 76% of Americans use a mobile app for all their financial transactions. • Considering these product benefits, estimates indicate that the global mobile wallet market size will exceed the annual valuation of over $970 billion by 2030. Industry players are offering easy and secure end-user experience in their solutions to retain maximum users and attract new ones.

  3. With the idea of expanding digital payments beyond the urban areas, the Indian government has encouraged startups and fintech firms to build innovative solutions that will increase digital access to the rural sections of the country. In this context, in 2021, a Mastercard and Amazon-backed firm, ToneTag, revealed that it is working on enabling voice-based digital payments for around 50,000 villages and small towns in India. • Through this initiative, people will be able to use voice in their local dialect to complete a UPI transaction using smartphones. Such efforts undertaken by the governments are likely to encourage companies to come up with strategic business plans that offer creative solutions to the mobile wallet market. • With the boom of e-commerce, smartphones are becoming a go-to for customers to fulfill their shopping needs. To cater to these consumers, manufacturers such as Samsung and Apple are increasingly introducing a range of mobile wallets in these devices. As new wallets are introduced, various offers come along during the launch, attracting users to start utilizing digital wallets if they have not yet started. • Apple’s mobile wallet not only ensures user data security, but also offers them convenience. Users can organize their transit passes, credit and debit cards, boarding passes, identity cards, tickets, keys, rewards cards, and more, all in one place. The mobile wallet is accessible through iPhone and Apple Watch.

  4. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2653

  5. Competitive Analysis • Some prominent mobile wallet companies include Ant Financial Services Group, Amazon.com, Inc., Apple Inc., Google LLC, PayPal Holdings, Inc., Mastercard Incorporated, and Samsung Electronics Co. Ltd. Request for Customization @ https://www.gminsights.com/roc/2653

  6. Latest Research Report On Mobile Wallet Market @ https://www.gminsights.com/industry-analysis/mobile-wallet-market Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2653 Request for customization @ https://www.gminsights.com/roc/2653

  7. THANK YOU www.gminsights.com

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