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    News in brief

    US$2.7tn mobile wallet market by 2020

    News in brief

    The global market for mobile wallets will reach US$2.7tn by 2020, “driven by the proliferation of smartphones, tablets, mobile internet, strong governmental support for cashless transactions and the convenience offered by mobile payments,” Global Industry Analysts says. “Asia Pacific represents the largest market, with a CAGR of 33% over the analysis period,” it adds. “The retail sector represents the largest end-use for mobile wallets.”

    Filed by Email Rian Boden nfcworld.com Published • Last updated 30 June 2015, 12:44

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