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Global Digital Wallets Market: 2024-2029 Full Research Suite

Publisher Juniper Research
Published Sep 23, 2024
Length 125 Pages
SKU # JNRH19878037

Description

Our Digital Wallets research suite provides detailed and insightful analysis of the evolving digital wallets market; enabling stakeholders and market players from digital wallet issuers to payment service providers to understand future growth, key trends and how to react to them.

The digital wallets market industry suite includes different options that can be purchased separately, including data mapping of digital wallet adoption, payment volume and value, and an insightful study uncovering the latest trends. It also reviews the impact of technological advancement, business opportunities within the market, and a document containing extensive analysis of the 17 market leaders in the digital wallets space. The market demand coverage can also be purchased as a Full Research Suite, containing all these elements, and including a substantial discount.

Collectively, the research reports provide a critical tool for understanding this rapidly evolving payments market; allowing issuers, platform providers and technology vendors to shape their future strategy. Its unparalleled coverage of the market makes this research suite an incredibly useful resource for charting the future of such an uncertain and rapidly growing market.

KEY FEATURES

Market Landscape: Insights into the key trends and market challenges within the digital wallets space; addressing challenges posed by the competitive nature of the digital wallets space. The mobile wallet research also includes analysis of the readiness and future growth of 60 countries in the Juniper Research Country Readiness Index, with key factors affecting the readiness and growth assessed and recommendations on how players should respond.
Key Takeaways & Strategic Recommendations: In-depth analysis of key developments in the digital wallet space; opportunities these present, and strategic recommendations for stakeholders.
Benchmark Industry Forecasts: Five-year forecasts for the penetration rate, volume and value of digital wallet transactions, further split by in-store, domestic and international money transfer, in-store payments, remote physical goods, remote digital goods, ticketing, and utility bill payment.
Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 17 digital wallet platform and software vendors, via the Juniper Research Competitor Leaderboard, featuring major players in the payments and telecommunications space.

Please note: the online download version of this report is for a global site license.

Table of Contents

125 Pages
1. Key Takeaways & Strategic Recommendations
1.1 Key Takeaways
1.1.1 Digital Wallets Key Part of Growing Financial Inclusion
1.1.2 Remittances are an Important Use Case for Digital Wallets
1.1.3 Digital Wallets Market Seeing Growth in Specialised Wallets
1.2 Strategic Recommendations
1.2.1 Loyalty Schemes Must be Utilised to Acquire and Retain Users
1.2.2 Incorporate Mobile Financial Services to Generate New Revenue Streams for Mobile Money Providers
1.2.3 Vendors Must Tailor Solutions to Target Markets
2. Market Landscape
2.1 Introduction
2.1.1 Historical Context
2.2 Types of Digital Wallet
2.2.1 Technology Types
i. Closed Loop System
ii. Semi-closed Loop System
iii. Open Loop System
Figure 2.1: Potential Recipients of Funds for Different Wallet Technology Types ..
2.2.2 Funding Type
i. Pass-through Wallet
ii. Staged Wallet
iii. Stored Wallet
Figure 2.2: Types of Consumer Wallet
3. Key Trends
3.1 Open Banking
Figure 3.1: Visualisation Showing Parties Involved in Open Banking
3.2 Superapps
3.3 BNPL
3.4 QR Codes
Figure 3.2: Total Number of Retail Payments via QR Codes (m), Split by 8 Key Regions, 2019-2023
3.5 Virtual Cards
3.6 Tokenisation
3.7 CBDC
4. Country Readiness Index
4.1 Introduction
Figure 4.1: Juniper Research’s 8 Key Regions Definition
Table 4.2: Juniper Research Country Readiness Index Scoring Criteria: Digital Wallets
Figure 4.3: Juniper Research’s Country Readiness Index: Digital Wallets
Table 4.4: Digital Wallet Country Readiness Index: Market Segment
4.2 Focus Markets
4.2.1 Digital Wallets Popular for In-store Payments
4.2.2 Mobile Financial Services Provided Through Digital Wallets
4.2.3 Country-level Assessment: Singapore
4.3 Growth Markets
4.3.1 Government Schemes
4.3.2 Country-level Assessment: Saudi Arabia
4.4 Saturated Markets
4.4.1 Two Different but Equal Methods of Facilitating Payments.
Figure 4.5: In-store Digital Wallet Transaction Volume (m), Split by NFC and QR
Code, 2024
4.4.2 Country-level Assessment: Sweden
4.5 Developing Markets
4.5.1 Low Smartphone Penetration Limiting Digital Wallets
Table 4.6: Smartphone Penetration Rate (%), Select Countries,
4.5.2 Competing Payment Methods
4.5.3 Country-level Assessment: Peru
Table 4.7: Juniper Research’s Country Readiness Index Heatmap: North America
Table 4.8: Juniper Research’s Country Readiness Index Heatmap: Latin America
Figure 4.9: Juniper Research’s Country Readiness Index Heatmap: West Europe
Table 4.10: Juniper Research’s Country Readiness Index Heatmap: Central & East
Europe
Table 4.11: Juniper Research’s Country Readiness Index Heatmap: Far East &
China
Table 4.12: Juniper Research’s Country Readiness Index Heatmap: Indian
Subcontinent
Table 4.13: Juniper Research’s Country Readiness Index Heatmap: Rest of Asia
Pacific
Table 4.14: Juniper Research’s Country Readiness Index Heatmap: Africa &
Middle East
1. Juniper Research Competitor Leaderboard
1.1 Why Read This Report
Table 1.1: Juniper Research Competitor Leaderboard Digital Wallet Vendors & Product Portfolio
Figure 1.2: Juniper Research Competitor Leaderboard for Digital Wallets
Table 1.3: Juniper Research Leaderboard Digital Wallets Vendors & Positioning .
Figure 1.4: Juniper Research’s Competitor Leaderboard Heatmap – Digital Wallets Vendors
2. Company Profiles
2.1 Vendor Profiles
2.1.1 BPC
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.2 Comviva
i. Corporate
Table 2.1: Comviva Financial Snapshot, 2022-2024
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.3 Ericsson
i. Corporate
Table 2.2: Ericsson’s Financial Snapshot, 2021-2023
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.4 Huawei
i. Corporate
Table 2.3: Huawei’s Financial Snapshot, $m, 2021-2023
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
Figure 2.4: Huawei’s Mobile Financial Solution
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.5 Itexus
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.6 Mangopay
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.7 MeaWallet
i. Corporate
Table 2.5: MeaWallet’s Rounds of Funding (€m), 2013-2015
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.8 Netcetera
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
High-level View of Offering
Figure 2.6: G+D’s Digital Wallet Stack
iv. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.9 Obopay
i. Corporate
Table 2.7: Obopay’s Rounds of Funding
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.10 OpenWay
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.11 Panamax inc.
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.12 SDK.finance
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.13 Soft Space
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.14 Software Group
i. Corporate
Table 2.8: Software Group’s Rounds of Funding (€m), 2016-2023
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.15 Velmie
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.16 Wallet Factory
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.1.17 Youytap
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Strengths & Strategic Opportunities
2.2 Juniper Research Competitor Leaderboard Assessment Methodology
2.2.1 Limitations & Interpretations
Table 2.9: Juniper Research Competitor Leaderboard Scoring Criteria
1. Digital Wallet Introduction
1.1 Introduction
1.1.1 Historical Context
1.2 Types of Digital Wallet
1.2.1 Technology Types
i. Closed Loop System
ii. Semi-closed Loop System
iii. Open Loop System
1.2.2 Funding Type
i. Pass-through Wallet
ii. Staged Wallet
iii. Stored Wallet
2. Methodology & Assumptions
2.1 Introduction
2.2 Methodology & Assumptions
Figure 2.1: Juniper Research’s Digital Wallets Methodology
3. Market Summary
3.1 Wallet Penetration
Figure & Table 3.1: Percentage of Population Who Use Digital Wallets (%), Split by 8 Key Regions, 2024-2029
3.2 Wallet Users
Figure & Table 3.2: Number of People Using Digital Wallets, Year End (m), Split by 8 Key Regions, 2024-2029
3.3 Transaction Volume
Figure & Table 3.3: Total Number of Transactions via Digital Wallets (m), Split by 8 Key Regions, 2024-2029
3.4 Transaction Volume by Type
Figure & Table 3.4: Digital Wallet Transaction Volume (m), Split by Transaction Type, 2024-
3.5 Transaction Value
Figure & Table 3.5: Total Value of Digital Wallet Spend per annum ($m), Split by 8 Key Regions, 2024-2029
3.6 Transaction Value by Type
Figure & Table 3.6: Digital Wallet Transaction Value ($m), Split by Transaction Type, 2024-
4. In-Store Retail
4.1 In-store Transaction Value
Figure & Table 4.1: Total Mobile Wallet In-store Transaction Value ($m), Split by 8 Key Regions, 2024-2029
4.2 NFC Transactions
Figure & Table 4.2: Total NFC Retail Transaction Value per annum ($m), Split by 8 Key Regions, 2024-2029
4.3 QR Codes
Figure & Table 4.3: Total Value of Retail Transactions, QR Codes ($m), Split by 8 Key Regions, 2024-2029
5. Money Transfers
5.1 Value of Money Transfer
Figure & Table 5.1: Total Value of Money Transfer via Digital Wallets ($m), Split by 8 Key Regions, 2024-2029
5.2 Domestic Money Transfer
Figure & Table 5.2: Total Value of Domestic Money Transfer via Digital Wallets ($m), Split by 8 Key Regions, 2024-2029
5.3 International Money Transfer
Figure & Table 5.3: Total Value of International Money Transfer via Digital Wallets ($m), Split by 8 Key Regions, 2024-2029
6. Other Verticals
6.1 Utility Bills
Figure & Table 6.1: Total Value of Utility Bill Payments via Digital Wallets ($m), Split by 8 Key Regions, 2024-2029
6.2 Ticketing
Figure & Table 6.2: Total Value of Ticketing Spend via Digital Wallets ($m), Split by 8 Key Regions, 2024-2029
6.3 Remote Physical Goods
Figure & Table 6.3: Total Value of Remote Purchases of Physical Goods via Digital Wallets ($m), Split by 8 Key Regions, 2024-2029
6.4 Remote Digital Goods
Figure & Table 6.4: Total Value of Remote Purchases of Digital Goods via Digital Wallets ($m), Split by 8 Key regions, 2024-2029

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