#Global #Mobile #Wallet #Market #Anticipated #Garner
New York, USA, Oct. 12, 2022 (GLOBE NEWSWIRE) — Research Dive has published a new report on the global mobile wallet market. According to the report, the global market is projected to surpass $46,006.0 million and grow with a CAGR of 18.9% in the estimated period, 2021–2028. This all-inclusive report delivers a comprehensive overview of the current and future situation of the mobile wallet market by stating its main characteristics including growth drivers, growth opportunities, limitations, and developments in the forecast period. The report also offers all the required and vital market statistics to help new players obtain an insight into the status of the global market.
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Impact of COVID-19 Pandemic on the Mobile Wallet Market
The outburst of the COVID-19 pandemic in 2020 has had an optimistic impact on the growth of the global mobile wallet market. The implementation of lockdown restrictions and social distancing norms forced people to stay in their homes to avert the spread of the virus. Hence, people started using mobile wallets such as Google Pay and PhonePe for making payments to prevent physical contact with others, and thus curb the spread of the virus. These factors significantly boosted the market growth amidst the pandemic.
Factors Impacting the Mobile Wallet Market Growth
The key factor boosting the growth of the global mobile wallet market is a significant rise in the adoption of mobile wallet payments in numerous industrial sectors. In addition, the increasing advancements in mobile wallet technology and rising digitalization across the globe are estimated to unlock lucrative opportunities for the market’s growth in the forecast period. However, a lack of awareness about the benefits of using mobile wallets for online payments and buying costly things…
Read on GNW: Global Mobile Wallet Market Anticipated to Garner $46,006.0
