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Mobile wallet market to hit USD 1,602 billion by 2018-study

2014-10-08 15:05:00| Telecompaper Headlines

(Telecompaper) The global increase in smartphone penetration is set to boost the value of the mobile wallet market to USD 1,602.4 billion by 2018, according to a report by Transparency Market Research. The global compound annual growth rate (CAGR) during the 2012-2018 forecast period is expected to be 30.7 percent, with EMEA predicted to be the largest market for the mobile wallet industry in 2018. Asia-Pacific is expected to be the fastest growing region in terms of revenue during the forecast period, with a CAGR of 31.0 percent.

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