E-Wallet Market is Set To Fly High in Years to Come

E-Wallet Market Overview

The E-Wallet Market is anticipated to grow by US$2,100 billion by 2023rapidly growing at a CAGR of 15% during the forecast period 2017 - 2023. The global e-wallet market is driven by the emergence of e-commerce and online purchases. These factors have helped shape the e-wallet market and are expected to boost the growth. Companies in the e-wallet market could also face challenges such as the growing occurrence of online fraud and scams as well as strict financial rules and regulations in some countries. The details covered in the e-wallet market report cover all the aspects of the industry. e-wallet market analysts have also shared growth projections in the report and have suggested e-wallet market players to plan growth strategies accordingly.

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An e-Wallet is a type of digital wallet that allows users to store and manage their money online. It is a secure and convenient way to make online payments, and it can be used to send or receive money, shop online, and make payments in stores. E-Wallets typically require users to link their bank accounts and credit cards, and some also provide additional features such as budgeting and rewards programs. E-Wallets are becoming increasingly popular as they provide a secure and convenient way to manage finances.

Market Segmentation

The global e-wallet market has been segmented based on modes, type, and application. On the basis of application, the market for e-wallet is segmented based on Restaurants, Transportation, Banking, Retail. Additionally, the market on the basis of modes, is segmented into Online, M-wallet. The global market for e-wallet is also covered based on type segment which is further split into Closed E Wallets, Semi closed E Wallets, Open E Wallets.

Factors like growing demand for payment gateway systems and contactless payment support the e-wallet market growth. The performance of the e-wallet market has also been studied for the past and current years. Additionally, the e-wallet market report provides analysis of these segments. The e-wallet market segmental analysis provided in the report offers major details about the e-wallet market performance and future.

Based on the Technology

• Near field communication
• QR code
• Text-based/ short message service
• Digital-only

Based on the End-User

• Personal
• Business

Regional Overview 

Companies in the e-wallet market are spread across the world. The e-wallet market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American e-wallet market has many companies across the United States, Canada, and Mexico. Europe has companies in the e-wallet market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the e-wallet market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The e-wallet market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the e-wallet market can be found in the market research report.

Competitive Landscape

The e-wallet market is supported by rising awareness about encryption technology and quick money transfer. The population growth around the world and increasing demand of e-wallet market based services and products also support the market growth. However, the e-wallet market growth can be affected due to unavailability of all-in-one solutions and lack of awareness. The report covers all such details which will help companies in the e-wallet market to strengthen their business plan and improve their product portfolio. The e-wallet market research report also provides company profiles of major companies. The company profile of organizations operating in the e-wallet market discusses strategies,, size, growth plans, revenue, and mergers and acquisition details of top companies in the e-wallet market. New entrants and established players can plan their strategies based on this data provided in the e-wallet market research report.

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Industry News

Foley Trasimene Acquisition Corp. and   Paysafe Group announced plans to integrate their payment platforms. It will trade as Paysafe and plans to be listed under the symbol PSFE on the New York Stock Exchange (NYSE). The deal represents a pro-forma valuation of around $9 billion for Paysafe. The two-sided network of customers and merchants in Paysafe has the central goal of helping corporations and consumers worldwide to communicate and operate by way of online payments, digital wallet and instant cash solutions.

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