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Mobile Wallet (NFC, Digital Wallet)-Global Market Insights and Sales Trends 2025
Synopsis
Mobile wallet is a technology where debit and credit card information can be stored in the smart phone. In the other words instead of keeping the physical cards, one can just pay the bill with the help of the smart phone where the credentials of bank details, card and internet banking information is stored.
The global Mobile Wallet (NFC, Digital Wallet) market size is expected to reach US$ 3324 million by 2029, growing at a CAGR of 18.1% from 2023 to 2029. The market is mainly driven by the significant applications of Mobile Wallet (NFC, Digital Wallet) in various end use industries. The expanding demands from the MNOs, Financial Institutions (Banks), Payment Network and Intermediaries, are propelling Mobile Wallet (NFC, Digital Wallet) market. Hardware, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Software segment is estimated at % CAGR for the next seven-year period.
NFC product type is expected to have highest growth rate with the increasing penetration of NFC-enabled smartphones across all the regions. The product flexibility for converting the devices to NFC-enabled is expected to drive the mobile wallet market growth.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Mobile Wallet (NFC, Digital Wallet), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Mobile Wallet (NFC, Digital Wallet) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Mobile Wallet (NFC, Digital Wallet) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Mobile Wallet (NFC, Digital Wallet) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Mobile Wallet (NFC, Digital Wallet) covered in this report include MasterCard, Apple, Amazon, Square, Citibank, Citrus Payment, Dwolla, Merchant Customer Exchange and Visa, etc.
The global Mobile Wallet (NFC, Digital Wallet) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
MasterCard
Apple
Amazon
Square
Citibank
Citrus Payment
Dwolla
Merchant Customer Exchange
Visa
Microsoft
Sprint
First Data
Paytm
Samsung
Google
Global Mobile Wallet (NFC, Digital Wallet) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Mobile Wallet (NFC, Digital Wallet) market, Segment by Type:
Hardware
Software
Services
Global Mobile Wallet (NFC, Digital Wallet) market, by Application
MNOs
Financial Institutions (Banks)
Payment Network
Intermediaries
Merchants
Customers
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Mobile Wallet (NFC, Digital Wallet) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Mobile wallet is a technology where debit and credit card information can be stored in the smart phone. In the other words instead of keeping the physical cards, one can just pay the bill with the help of the smart phone where the credentials of bank details, card and internet banking information is stored.
The global Mobile Wallet (NFC, Digital Wallet) market size is expected to reach US$ 3324 million by 2029, growing at a CAGR of 18.1% from 2023 to 2029. The market is mainly driven by the significant applications of Mobile Wallet (NFC, Digital Wallet) in various end use industries. The expanding demands from the MNOs, Financial Institutions (Banks), Payment Network and Intermediaries, are propelling Mobile Wallet (NFC, Digital Wallet) market. Hardware, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Software segment is estimated at % CAGR for the next seven-year period.
NFC product type is expected to have highest growth rate with the increasing penetration of NFC-enabled smartphones across all the regions. The product flexibility for converting the devices to NFC-enabled is expected to drive the mobile wallet market growth.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Mobile Wallet (NFC, Digital Wallet), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Mobile Wallet (NFC, Digital Wallet) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Mobile Wallet (NFC, Digital Wallet) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Mobile Wallet (NFC, Digital Wallet) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Mobile Wallet (NFC, Digital Wallet) covered in this report include MasterCard, Apple, Amazon, Square, Citibank, Citrus Payment, Dwolla, Merchant Customer Exchange and Visa, etc.
The global Mobile Wallet (NFC, Digital Wallet) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
MasterCard
Apple
Amazon
Square
Citibank
Citrus Payment
Dwolla
Merchant Customer Exchange
Visa
Microsoft
Sprint
First Data
Paytm
Samsung
Global Mobile Wallet (NFC, Digital Wallet) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Mobile Wallet (NFC, Digital Wallet) market, Segment by Type:
Hardware
Software
Services
Global Mobile Wallet (NFC, Digital Wallet) market, by Application
MNOs
Financial Institutions (Banks)
Payment Network
Intermediaries
Merchants
Customers
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Mobile Wallet (NFC, Digital Wallet) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Mobile Wallet (NFC, Digital Wallet)
1.1 Mobile Wallet (NFC, Digital Wallet) Market Overview
1.1.1 Mobile Wallet (NFC, Digital Wallet) Product Scope
1.1.2 Mobile Wallet (NFC, Digital Wallet) Market Status and Outlook
1.2 Global Mobile Wallet (NFC, Digital Wallet) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Mobile Wallet (NFC, Digital Wallet) Market Size by Region (2018-2029)
1.4 Global Mobile Wallet (NFC, Digital Wallet) Historic Market Size by Region (2018-2023)
1.5 Global Mobile Wallet (NFC, Digital Wallet) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Mobile Wallet (NFC, Digital Wallet) Market Size (2018-2029)
1.6.1 North America Mobile Wallet (NFC, Digital Wallet) Market Size (2018-2029)
1.6.2 Europe Mobile Wallet (NFC, Digital Wallet) Market Size (2018-2029)
1.6.3 Asia-Pacific Mobile Wallet (NFC, Digital Wallet) Market Size (2018-2029)
1.6.4 Latin America Mobile Wallet (NFC, Digital Wallet) Market Size (2018-2029)
1.6.5 Middle East & Africa Mobile Wallet (NFC, Digital Wallet) Market Size (2018-2029)
2 Mobile Wallet (NFC, Digital Wallet) Market by Type
2.1 Introduction
2.1.1 Hardware
2.1.2 Software
2.1.3 Services
2.2 Global Mobile Wallet (NFC, Digital Wallet) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Mobile Wallet (NFC, Digital Wallet) Historic Market Size by Type (2018-2023)
2.2.2 Global Mobile Wallet (NFC, Digital Wallet) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Type (2018-2029)
3 Mobile Wallet (NFC, Digital Wallet) Market Overview by Application
3.1 Introduction
3.1.1 MNOs
3.1.2 Financial Institutions (Banks)
3.1.3 Payment Network
3.1.4 Intermediaries
3.1.5 Merchants
3.1.6 Customers
3.2 Global Mobile Wallet (NFC, Digital Wallet) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Mobile Wallet (NFC, Digital Wallet) Historic Market Size by Application (2018-2023)
3.2.2 Global Mobile Wallet (NFC, Digital Wallet) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Mobile Wallet (NFC, Digital Wallet) Revenue Breakdown by Application (2018-2029)
4 Mobile Wallet (NFC, Digital Wallet) Competition Analysis by Players
4.1 Global Mobile Wallet (NFC, Digital Wallet) Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Mobile Wallet (NFC, Digital Wallet) as of 2022)
4.3 Date of Key Players Enter into Mobile Wallet (NFC, Digital Wallet) Market
4.4 Global Top Players Mobile Wallet (NFC, Digital Wallet) Headquarters and Area Served
4.5 Key Players Mobile Wallet (NFC, Digital Wallet) Product Solution and Service
4.6 Competitive Status
4.6.1 Mobile Wallet (NFC, Digital Wallet) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 MasterCard
5.1.1 MasterCard Profile
5.1.2 MasterCard Main Business
5.1.3 MasterCard Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.1.4 MasterCard Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.1.5 MasterCard Recent Developments
5.2 Apple
5.2.1 Apple Profile
5.2.2 Apple Main Business
5.2.3 Apple Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.2.4 Apple Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.2.5 Apple Recent Developments
5.3 Amazon
5.3.1 Amazon Profile
5.3.2 Amazon Main Business
5.3.3 Amazon Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.3.4 Amazon Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.3.5 Square Recent Developments
5.4 Square
5.4.1 Square Profile
5.4.2 Square Main Business
5.4.3 Square Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.4.4 Square Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.4.5 Square Recent Developments
5.5 Citibank
5.5.1 Citibank Profile
5.5.2 Citibank Main Business
5.5.3 Citibank Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.5.4 Citibank Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.5.5 Citibank Recent Developments
5.6 Citrus Payment
5.6.1 Citrus Payment Profile
5.6.2 Citrus Payment Main Business
5.6.3 Citrus Payment Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.6.4 Citrus Payment Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.6.5 Citrus Payment Recent Developments
5.7 Dwolla
5.7.1 Dwolla Profile
5.7.2 Dwolla Main Business
5.7.3 Dwolla Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.7.4 Dwolla Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.7.5 Dwolla Recent Developments
5.8 Merchant Customer Exchange
5.8.1 Merchant Customer Exchange Profile
5.8.2 Merchant Customer Exchange Main Business
5.8.3 Merchant Customer Exchange Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.8.4 Merchant Customer Exchange Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.8.5 Merchant Customer Exchange Recent Developments
5.9 Visa
5.9.1 Visa Profile
5.9.2 Visa Main Business
5.9.3 Visa Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.9.4 Visa Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.9.5 Visa Recent Developments
5.10 Microsoft
5.10.1 Microsoft Profile
5.10.2 Microsoft Main Business
5.10.3 Microsoft Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.10.4 Microsoft Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.10.5 Microsoft Recent Developments
5.11 Sprint
5.11.1 Sprint Profile
5.11.2 Sprint Main Business
5.11.3 Sprint Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.11.4 Sprint Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.11.5 Sprint Recent Developments
5.12 First Data
5.12.1 First Data Profile
5.12.2 First Data Main Business
5.12.3 First Data Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.12.4 First Data Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.12.5 First Data Recent Developments
5.13 Paytm
5.13.1 Paytm Profile
5.13.2 Paytm Main Business
5.13.3 Paytm Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.13.4 Paytm Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.13.5 Paytm Recent Developments
5.14 Samsung
5.14.1 Samsung Profile
5.14.2 Samsung Main Business
5.14.3 Samsung Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.14.4 Samsung Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.14.5 Samsung Recent Developments
5.15 Google
5.15.1 Google Profile
5.15.2 Google Main Business
5.15.3 Google Mobile Wallet (NFC, Digital Wallet) Products, Services and Solutions
5.15.4 Google Mobile Wallet (NFC, Digital Wallet) Revenue (US$ Million) & (2018-2023)
5.15.5 Google Recent Developments
6 North America
6.1 North America Mobile Wallet (NFC, Digital Wallet) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Mobile Wallet (NFC, Digital Wallet) Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Mobile Wallet (NFC, Digital Wallet) Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Mobile Wallet (NFC, Digital Wallet) Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Mobile Wallet (NFC, Digital Wallet) Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Mobile Wallet (NFC, Digital Wallet) Market Dynamics
11.1 Mobile Wallet (NFC, Digital Wallet) Industry Trends
11.2 Mobile Wallet (NFC, Digital Wallet) Market Drivers
11.3 Mobile Wallet (NFC, Digital Wallet) Market Challenges
11.4 Mobile Wallet (NFC, Digital Wallet) Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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