E-Wallet Market 2022-2030: Segments, Development Factors, Future Projections and Business Statistics
E-Wallet Market is expected to grow at CAGR of 23.40% and estimated to reach market size of approximately USD 489.3 Billion by the forecast period 2022-2030.
NEW YORK, UNITED STATES OF AMERICA, April 13, 2023/EINPresswire.com/ — E-Wallet Market: The e-wallet market is driven by a rapidly evolving digital technology with a healthy CAGR of ~23.40% during the forecast period of 2022 to 2030.
Market Research Future Insights
According to MRFR analysis, the “global e-wallet market” is expected to register a CAGR of ~23.40% from 2022 to 2030 and hold a value of over USD 489.3 billion by 2030.
An e-wallet, also known as a digital wallet, is an electronic device or an online service that allows users to store, manage, and transfer their financial information, such as bank account details, credit and debit card details, and other payment methods. E-wallets have become increasingly popular in recent years due to their convenience, ease of use, and security. COVID-19 Impact on the E-wallet Market: The COVID-19 pandemic has significantly impacted the e-wallet market globally, with a sharp increase in demand for contactless payment methods. With social distancing becoming the norm, people have started to prefer cashless transactions, and e-wallets have emerged as a popular choice. In addition, the closure of physical stores and the surge in online shopping during the pandemic has also contributed to the growth of e-wallets.
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Key players
Some of the key market players are
– Aurus (US)
– WEX (US)
– ACI Worldwide (US)
– 2Checkout (US)
– Adyen (Netherlands)
– Worldline (France)
– Aliant Payments (US)
– Visa (US)
– Alipay (China)
– Stripe (US)
– Apple Pay
– Square
– Due
– Paysafe
– Spreedly
– Square are all accepted worldwide (US)
Regional Analysis
The e-wallet market is growing rapidly worldwide, with Asia-Pacific being the largest market, followed by Europe and North America. The high adoption rate of e-wallets in countries like China, India, and South Korea has propelled the growth of the market in the Asia-Pacific region. In Europe, countries like the UK, Germany, and France have a high penetration rate of e-wallets, while in North America, the US is the largest market for e-wallets.
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Market Segmentation
The e-wallet has been segmented into based on light of types, Depending on technology, end users, and industry vertical
Based on types: Shutdown e-wallets, Open-ended e-wallets, Enable e-wallets
Based on the technology: QR code for near field communication, short message service using text, Digital-only
Based on the end-user: Personal, Business
Based on the industry vertical: Transportation and lodging,. entertainment and the media, Medical supply stores, utilities and energy
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