Global Mobile Wallet Market to Grow at 130.5% CAGR
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The global mobile wallet market is estimated to grow at a CAGR of 130.5% from 35BN USD in 2014 to 5250BN USD in 2020. The retail sector is expected to continue its leading position as the largest application area for mobile wallets. The increase in the use of smartphones and subsequently in the use of mobile payments, m-banking and increasing awareness of mobile technology in emerging markets is bound to drive the growth further.
