Research and Markets (http://www.researchandmarkets.com/research/gjkxm7/mobile_wallet) has announced the addition of the "2013 Report on the International Mobile Wallet Market - Global Forecasts to 2018" report to their offering.

Mobile wallet is a technology that can be used for storing financial information of a user on a NFC-enabled phone in order to facilitate payment without the intervention of cash. Mobile wallet services are undertaken under financial supervision imposed by regulatory authorities, and this technology does away with payment using traditional channels such as cash, cheque, or credit card. This technology is rapidly gaining popularity in developed economies such as North America and Europe.

The growth in the mobile wallet industry is mainly driven by the growing use of Smartphones and acceptance of non-traditional and efficient payment gateways. Also, reduction in paper usage serves as an additional benefit of mobile wallet technology and will have significant impact on its penetration in the next few years. Currently, retail payments are the largest end use application for mobile wallets, with other important applications being vending machines, public transportation, grocery stores, and restaurants.

Security issues related to financial credentials of customers and lack of awareness regarding the technology are some of the major factors inhibiting customer acceptance and limiting the growth of the mobile wallet market. Despite these restricting factors, government encouragement for the adoption of this technology is expected to result in a steady demand for mobile wallets in the near future.

Key Topics Covered:

1 Preface

2 Executive Summary

3 Market Overview

4 Mobile Wallet Market, By Industry Participants

5 Mobile Wallet Market - By Components

6 Mobile Wallet Market - By Consumer Types

7 Mobile Wallet Market - By Functionality

8 Mobile Wallet Market, By Application

9 Mobile Wallet Market, By Geography

10 Competitive Landscape

Companies Mentioned:

  • Amazon.com Inc.
  • American Express Co.
  • eBay
  • Google Inc.
  • ISIS
  • MasterCard Worldwide
  • MCX (Merchant Customer Exchange)
  • Microsoft Corporation Inc
  • PayPal Inc.
  • Square Inc.
  • Visa Inc.

For more information visit http://www.researchandmarkets.com/research/gjkxm7/mobile_wallet

Research and Markets
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Sector: Computing and Technology