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Mobile wallet market worth $100 billion set to hit $250 billion by 2024
Mobile Wallet Market size was estimated to be over $100 billion in 2017 and is anticipated to grow at a CAGR of more than 10% over the forecast timespan of... more
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Mobile POS terminals market to grow at 18% CAGR from 2018 to 2024
According to a new research report by the market research and strategy consulting firm, Global Market Insights, the mobile POS terminals market to reach $55 billion by 2024. The ubiquitous acceptance of EMV card standards across developed regions including UK and the US are the major mobile POS terminal market growth drivers. Initially viewed as a [...]
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Global mobile wallet users to total 2.1 billion in 2019
Nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up nearly 30% from 1.6 billion recorded at the end of 2017, according to a new study. The Juniper study claims that while contactless card payments were far more prevalent than NFC mobile payments in many markets, [...]
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Wells Fargo ATMs launch NFC-enabled mobile wallet capability
Wells Fargo & Company say that debit card customers can use the company’s ATMs without their card with NFC functionality that is launching at more than 5,000 ATMs across the US. The feature is activated using a mobile phone’s mobile wallet feature. Today, more than 40% of Wells Fargo ATMs have functioning NFC capability, with the [...]
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Australia banks lose ruling to Apple Pay as mobile wallet continues dominance
Apple Pay has won a major regulatory battle with Australian banks that will see it retain control of its contactless mobile payment technology. Four banks had wanted to negotiate with Apple Pay to gain access to its payments technology for their own apps, avoiding having to pay fees to Apple. But the country’s competition watchdog has [...]
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