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Global Digital Wallets Market: 2024-2029 Market Trends & Strategies

Publisher Juniper Research
Published Sep 23, 2024
Length 46 Pages
SKU # JNRH19878165

Description

This report examines the Digital Wallets market landscape in detail; assessing market trends and factors shaping the evolution of this rapidly growing technology. The report delivers comprehensive analysis of the strategic opportunities for players in the digital wallet space, addressing key verticals, developing challenges, and how stakeholders should navigate these.

It also includes the Juniper Research Country Readiness Index providing assessment of the readiness and growth of 60 countries.

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

Table of Contents

46 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

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