New York, NY -- (SBWIRE) -- 05/14/2019 -- The study undertakes an in-depth analysis of various market segments, and their revenue forecasts are given for all of the above-mentioned segments in the mobile wallet and payment technology market with estimated values derived from vendors' total revenue. Market estimates are provided for 2017 and 2018 and forecast for 2023.

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Report Scope:
The scope of this study includes market information on mobile wallet and payment technologies and their key segments, including applications, modes of payment, stakeholders and regions. However, the scope of the mobile wallet market excludes online payments methods such as IMPS, NEFT and RTGS that are followed in banks; payments through debit or credit cards (electronic fund transfers at the point of sales); and online trading. The mobile wallet includes only payments made through exclusive service providers using a personalized mobile wallet account.

Major Players in Mobile Wallet and Payment Technologies market are:
- Paytm Mobile Solutions Pvt Ltd
- PayPal
- MasterCard
- Alphabet
- Alibaba Group
- Apple
- Samsung electronics
- Google Wallet
- Visa

Market segment by Region including:
- North America
- Europe
- China
- Japan
- Middle East & Africa
- India
- South America
- Others

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Mobile Wallet and Payment Technologies Market share
The report discovers market's total sale that is generated by a particular firms over a time period. Industry experts calculate share by taking into account the product sales over a period and then dividing it by the overall sales of the Mobile Wallet and Payment Technologies industry over a defined period. Subject matter experts further use this metric to offer a general idea of the share and size of a firm and its immediate rivals. By providing an in-depth knowledge of the position a company as well as an entrepreneur holds in the Mobile Wallet and Payment Technologies market

Market by Type
- Mobile Commerce
- Mobile Ticketing
- Mobile Coupon
- Mobile Transfer
- Mobile Micropayment
- Others

Market by Application
- Bill Payments
- Entertainment and Events
- Hospitality
- Airline Tickets and Boarding Passes
- Rail, Metro and Bus Tickets
- Others

The rapid extension of the e-commerce industry is one of the major factors driving market growth. In recent years, more than half of the world's internet traffic has come from mobile devices such as smartphones, tablets and PCs. The major reason for rising demand and growth of the e-commerce industry is the convenience offered by mobile wallet and payment gateways. However, slower adoption of contactless payments, fraud and risk of breach are expected to hinder the growth of this market.

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Report Includes:
- 83 data tables
- An overview of the global markets for mobile wallet and payment technologies
- Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Information on key segments of mobile wallet and payment technologies including application, mode of payment, and region
- Description of components of mobile payment and infrastructure status for NFC (near-field communication)
- Snapshot of mobile wallet procurement systems and life cycle management
- Insights of legislation and regulations related to industry
- Profiles of major companies of the industry including, American Express, Citigroup Inc., Fidelity National Information Services Inc., Mastercard and Visa Inc."

Mobile payments are transactions through an individual's bank account, debit card or credit card. However, mobile wallet payments are processed through a mobile wallet account. The key objective of the mobile wallet is to provide a user with an electronic wallet where all the contents of a real wallet, such as cash and cards, are electronically available at anytime and anywhere.

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