Global Digital Wallets Market: 2024-2029

Description

KEY STATISTICS
Transaction value in 2024:	$10tn
Transaction value in 2029:	$17tn
Total growth 2024 to 2029:	73%
Forecast period:	2024-2029

'Who Leads the Digital Wallet Platform Market in 2024?'

Overview

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.

SAMPLE VIEW

Market Data & Forecasting Report:

The numbers tell you what's happening, but our written report details why, alongside the methodologies.

Market Trends & Strategies Report:

A comprehensive analysis of the current market landscape, alongside strategic recommendations.

Market Data & Forecasting Report

The market-leading research suite for the "Digital Wallets" market includes access to the full set of forecast data of 147 tables and over 58,000 data points. Metrics in the research suite include:

Number of People Using Digital Wallets
Total Number of Transactions via Digital Wallets
Total Value of Digital Wallet Spend

These metrics are provided for the following key verticals:

In-store Retail Payments
Digital Goods
Domestic Money Transfer
International Money Transfer
Ticketing
Remote Physical Goods
Utility Bill Payments

Juniper Research Interactive Forecast Excel contains the following functionality:

Statistical Analysis: Users benefit from the ability to search for specific metrics, displayed in for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
Country Comparison Tool: Users can select countries and compare each of them for specific countries. The ability to export graphs is included in this tool.
What-if Analysis: Here, users can compare forecast metrics against their own assumptions. 5 interactive scenarios.

Market Trends & Strategies Report

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.

Competitor Leaderboard Report

The Competitor Leaderboard report provides a detailed evaluation and market positioning for 17 leading "Digital Wallets" vendors. The vendors are positioned as an established leader, leading challenger or disruptor & challenger based on capacity and capability assessments:

BPC
Comviva
Ericsson
Huawei
Itexus
Mangopay
MeaWallet
Netcetera
Obopay

OpenWay
Panamax
SDK Finance
Soft Space
Software Group
Valmie
Wallet Factory
Youtap

This document is centred around the Juniper Research Competitor Leaderboard; a vendor positioning tool that provides an at-a-glance view of the competitive landscape in a market, backed by a robust methodology.

Market Trends & Strategies

1. Key Takeaways & Strategic Recommendations

1.1. Key Takeaways
1.2. Strategic Recommendations

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, 2024
- 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 & 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

Competitor Leaderboard

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 (Euro-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 (Euro-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

Data & Forecasting

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, 2024-2029
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, 2024-2029

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