The Latin America, Middle East and Africa Mobile Wallet Market would witness market growth of 30.4% CAGR during the forecast period (2022-2028).
Nearly every single valuable card kept in a physical wallet, including a driver's license, Social Security card, loyalty cards, health insurance cards, hotel key cards, and bus or train tickets, could also be kept in a mobile wallet since they are a digitized version of physical wallets. Mobile wallets and the phrase "digital wallet" are frequently employed interchangeably. Despite the fact that both retain payment details, their implementations differ. Digital wallets can be used on mobile devices, however they are mostly utilized for internet transactions.
Individuals who would prefer not to have a real wallet when completing in-store transactions utilize mobile wallets. Such wallets must therefore be utilized on portable and mobile platforms. The majority of smartphone manufacturers deploy exclusive mobile wallets on their devices. Only iOS devices and Samsung phones may utilize Apple Pay and Samsung Pay, respectively. Mobile wallets can now be used with many tech gadgets. Based on the gadget, a mobile wallet may already be installed, like Apple Pay on an Apple Watch.
Mobile payment & digital wallet systems like Google Pay, Apple Pay, and Samsung Pay have acquired consumer trust as e-commerce as well as online transactions increase, enabling them the preferred payment method. Understanding customer attitudes toward using mobile banking applications is crucial in this situation since it will help the banking industry and Fintech service providers in the UAE make meaningful predictions and recommendations. Owing to these aspects, the demand and growth of the mobile wallet market would boost in the coming years.
The Brazil market dominated the LAMEA Mobile Wallet Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $574.3 million by 2028. The Argentina market is experiencing a CAGR of 31.1% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 30.1% during (2022 - 2028).
Based on Technology, the market is segmented into Proximity and Remote. Based on Application, the market is segmented into Retail & E-commerce, Hospitality & Transportation, Banking, Vending Machine, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Mobile Wallet Market is Predict to reach $30.2 Billion by 2028, at a CAGR of 27%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), PayPal Holdings, Inc., Ant Group (Alipay) (Alibaba Holding), AT&T, Inc. (AT&T Intellectual Property), Mastercard, Inc., Visa, Inc., and American Express Company.
Scope of the Study
Market Segments Covered in the Report:
By Technology
By Application
- Retail & E-commerce
- Hospitality & Transportation
- Banking
- Vending Machine
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Google LLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- PayPal Holdings, Inc.
- Ant Group (Alipay) (Alibaba Holding)
- AT&T, Inc. (AT&T Intellectual Property)
- Mastercard, Inc.
- Visa, Inc.
- American Express Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Mobile Wallet Market, by Technology
1.4.2 LAMEA Mobile Wallet Market, by Application
1.4.3 LAMEA Mobile Wallet Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Dec – 2022, Aug) Leading Players
Chapter 4. LAMEA Mobile Wallet Market by Technology
4.1 LAMEA Proximity Market by Country
4.2 LAMEA Remote Market by Country
Chapter 5. LAMEA Mobile Wallet Market by Application
5.1 LAMEA Retail & E-commerce Market by Country
5.2 LAMEA Hospitality & Transportation Market by Country
5.3 LAMEA Banking Market by Country
5.4 LAMEA Vending Machine Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Mobile Wallet Market by Country
6.1 Brazil Mobile Wallet Market
6.1.1 Brazil Mobile Wallet Market by Technology
6.1.2 Brazil Mobile Wallet Market by Application
6.2 Argentina Mobile Wallet Market
6.2.1 Argentina Mobile Wallet Market by Technology
6.2.2 Argentina Mobile Wallet Market by Application
6.3 UAE Mobile Wallet Market
6.3.1 UAE Mobile Wallet Market by Technology
6.3.2 UAE Mobile Wallet Market by Application
6.4 Saudi Arabia Mobile Wallet Market
6.4.1 Saudi Arabia Mobile Wallet Market by Technology
6.4.2 Saudi Arabia Mobile Wallet Market by Application
6.5 South Africa Mobile Wallet Market
6.5.1 South Africa Mobile Wallet Market by Technology
6.5.2 South Africa Mobile Wallet Market by Application
6.6 Nigeria Mobile Wallet Market
6.6.1 Nigeria Mobile Wallet Market by Technology
6.6.2 Nigeria Mobile Wallet Market by Application
6.7 Rest of LAMEA Mobile Wallet Market
6.7.1 Rest of LAMEA Mobile Wallet Market by Technology
6.7.2 Rest of LAMEA Mobile Wallet Market by Application
Chapter 7. Company Profiles
7.1 Apple, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Samsung Electronics Co., Ltd. (Samsung Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Google LLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.5.2 Business Expansions:
7.3.6 SWOT Analysis
7.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Product Launches and Product Expansions:
7.4.4.3 Acquisitions and Mergers:
7.4.4.4 Geographical Expansions:
7.4.5 SWOT Analysis
7.5 PayPal Holdings, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.6 Ant Group (Alipay) (Alibaba Holding)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Partnerships, Collaborations, and Agreements:
7.7 AT&T, Inc. (AT&T Intellectual Property)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.8 Mastercard, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Partnerships, Collaborations, and Agreements:
7.8.4.2 Acquisition and Mergers:
7.9 Visa, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Recent strategies and developments:
7.9.3.1 Partnerships, Collaborations, and Agreements:
7.9.3.2 Acquisition and Mergers:
7.10. American Express Company
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Recent strategies and developments:
7.10.4.1 Partnerships, Collaborations, and Agreements:
7.10.4.2 Product Launches and Product Expansions:
7.10.4.3 Acquisition and Mergers:
TABLE 1 LAMEA Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Mobile Wallet Market
TABLE 4 Product Launches And Product Expansions– Mobile Wallet Market
TABLE 5 Acquisition and Mergers– Mobile Wallet Market
TABLE 6 Geographical Expansions– Mobile Wallet Market
TABLE 7 LAMEA Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 8 LAMEA Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 9 LAMEA Proximity Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Proximity Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Remote Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Remote Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 14 LAMEA Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 15 LAMEA Retail & E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Retail & E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Hospitality & Transportation Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Hospitality & Transportation Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Banking Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Banking Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Vending Machine Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Vending Machine Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Mobile Wallet Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Mobile Wallet Market by Country, 2022 - 2028, USD Million
TABLE 27 Brazil Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 28 Brazil Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 29 Brazil Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 30 Brazil Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 31 Brazil Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 32 Brazil Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 33 Argentina Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 34 Argentina Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 35 Argentina Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 36 Argentina Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 37 Argentina Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 38 Argentina Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 39 UAE Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 40 UAE Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 41 UAE Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 42 UAE Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 43 UAE Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 44 UAE Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 45 Saudi Arabia Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 46 Saudi Arabia Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 47 Saudi Arabia Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 48 Saudi Arabia Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 49 Saudi Arabia Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 50 Saudi Arabia Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 51 South Africa Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 52 South Africa Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 53 South Africa Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 54 South Africa Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 55 South Africa Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 56 South Africa Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 57 Nigeria Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 58 Nigeria Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 59 Nigeria Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 60 Nigeria Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 61 Nigeria Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 62 Nigeria Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 63 Rest of LAMEA Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 64 Rest of LAMEA Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 65 Rest of LAMEA Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 66 Rest of LAMEA Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 67 Rest of LAMEA Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 68 Rest of LAMEA Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 69 Key Information – Apple, Inc.
TABLE 70 Key Information – Samsung Electronics Co., Ltd.
TABLE 71 Key Information – Google LLC
TABLE 72 Key Information – Amazon Web Services, Inc.
TABLE 73 Key Information – PayPal Holdings, Inc.
TABLE 74 Key Information – Ant Group
TABLE 75 Key Information – AT&T, Inc.
TABLE 76 key Information – Mastercard, Inc.
TABLE 77 Key Information – Visa, Inc.
TABLE 78 Key Information – American Express Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2019, Dec – 2022, Aug) Leading Players
FIG 5 Recent strategies and developments: Apple, Inc.
FIG 6 SWOT Analysis: apple, Inc.
FIG 7 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 8 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 9 Recent strategies and developments: Google LLC
FIG 10 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 11 Recent strategies and developments: Amazon Web Services, Inc.
FIG 12 SWOT analysis: Amazon.com, Inc.
FIG 13 Recent strategies and developments: PayPal Holdings, Inc.
FIG 14 Recent strategies and developments: Mastercard, Inc.
FIG 15 Recent strategies and developments: Visa, Inc.
FIG 16 Recent strategies and developments: American Express Company