Global mobile wallet transactions to increase 32% to $1.35t in 2017

Nearly half of these transactions will be online payments for physical goods.

Juniper Research predicts that total mobile wallet transactions will reach $1.35 trillion in 2017, up by 32% on the $1.02 trillion recorded last year.

Here's more from Juniper Research:

It should be observed that the majority of these transactions will be accounted for by online payments for physical goods (43% of transactions by value) and domestic money transfer (39%). Conversely, NFC retail payments currently account for just 5% of wallet payment values, although this is expected to increase to 12% by 2021.

As with transaction volumes, China accounts for the largest share of values (52% in 2016) although this falls gradually over the forecast period. Several regions will experience average annual growth in excess of 30%, including the Indian Subcontinent, which should achieve 11% of total transactions by value by the end of the forecast period, up from 8% in 2017.

Also Read

Standard Chartered launches digital request quote module Autoquote

Citi launches Token Services for Cash for institutional clients

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit