Research Blogs

The  global mobile wallet market  is characterized by increasingly dynamic vendors landscape, finds Transparency Market Research (TMR). A large part of the market share—over 70%–was found to be consolidated among the top three players in 2012. These companies are ISIS (Softcard), PayPal Holdings, Inc., and Google (Google Wallet). Some of the other prominent names in the market are Visa Inc., Square Inc., Microsoft Corporation Inc., Merchant Customer Exchange, MasterCard Worldwide, eBay, and American Express Co. The substantial flux of players in numerous key regional markets in recent years has greatly altered the market dynamics toward less degree of consolidation. The continued entry of new players in the market is likely to raise the ante higher for incumbent and established players in the coming years, notes TMR. With the global mobile wallet market being increasingly price-sensitive, the interoperability of money transfer across mobile wallets plays a crucia...

The global market for mobile wallets is highly consolidated in nature and led by a few key players, states a research report by Transparency Market Research. In 2012, the leading players, including Paypal, Google Wallet, and ISIS (Softcard) collectively represented a share of 70% in the global mobile wallet market. Being a price-sensitive market, interoperability is considered to be the key factor fuelling the growth of the market. Additionally, frequent partnerships between competitors for standardization are expected to supplement the growth of the market in the coming years. According to the research study, the global mobile wallet market is expected to reach a value of US$1,602.4 bn in 2018, rising from US$675.0 bn in 2015. From the geographical perspective, the Europe, the Middle East, and Africa segment is expected to lead the global mobile wallet market and account for a 39.5% share by the end of 2018. The growing population in Africa and consumer preference for mobile payments,...