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.
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.

Market Analysis and Insights: Global Mobile Wallet (NFC, Digital Wallet) Market
The global Mobile Wallet (NFC, Digital Wallet) market size is projected to reach US$ 3324 million by 2027, from US$ 1004 million in 2020, at a CAGR of 18.1% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Mobile Wallet (NFC, Digital Wallet) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Mobile Wallet (NFC, Digital Wallet) market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Mobile Wallet (NFC, Digital Wallet) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Mobile Wallet (NFC, Digital Wallet) market.

Global Mobile Wallet (NFC, Digital Wallet) Scope and Market Size
Mobile Wallet (NFC, Digital Wallet) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Mobile Wallet (NFC, Digital Wallet) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Hardware
Software
Services

Segment by Application
MNOs
Financial Institutions (Banks)
Payment Network
Intermediaries
Merchants
Customers

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
MasterCard
Apple
Amazon
Square
Citibank
Citrus Payment
Dwolla
Merchant Customer Exchange
Visa
Microsoft
Sprint
First Data
Paytm
Samsung
Google