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Mobile wallet Technology News

Mobile Wallet Market : Future Innovation Ways

Mobile Wallet Software

The report on the Mobile Wallet (NFC Digital Wallet) market provides a bird’s eye view of the current proceeding within the Mobile Wallet (NFC Digital Wallet) market. Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Mobile Wallet (NFC Digital Wallet) market and offers a clear assessment of the projected market fluctuations during the forecast period.

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Digital wallet Platform Mobile wallet Technology

eWallet App Development

White label mobile wallet platform

If we start discussing the eWallet app development, the first thing that is required be stated here is: going digital has become the need of the hour. The revenues generated by the cashless industry reached around $2.5 trillion in the year 2019.

Now with such escalation rates, we can describe the eWallet mobile app development as one of the hottest industries.As per current figures and statistics, around 75% of the users know about the digital payments and around 40% of them find no issues in using such models.

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Digital wallet Platform News Technology

QR code-based food ordering solution

QR code technology

  • Paytm partners with leading restaurant & coffee chains to enable its ‘Scan to Order’ contactless QR code-based food ordering solution
  • This food ordering experience supports each of the payment methods including Paytm Wallet, Paytm UPI, net-banking, and cards

India’s homegrown financial technology platform Paytm announced that it has teamed up with leading F&B outlets and quick-service restaurant chains to enable its ‘Scan to Order’ contactless QR code-based solution in these establishments across the country. The company has onboarded popular brands including Costa Coffee, Mad Over Donuts (MOD), Keventers, Belgian Waffles, and Barista among several others to provide safe and contactless dining out experience to their customers.

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Digital wallet Platform News

Top 10 Mobile White-Label Wallet platform in 2020

white-label-mobile-wallet

A 2019 Global Insights Inc forecasts that the global mobile wallet industry will exceed $250 billion by 2024. It estimates that in the Asia Pacific the industry will expand to $140bn by 2024 and that in the US the mobile wallet market will grow at a compound annual growth rate of 17% until 2025.

Then identified 10 white label wallet providers that we believe best reflect what the industry has to offer.

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Digital wallet Platform Mobile wallet Technology

Top 5 Digital wallet platforms – Mobile wallet Technology

Mobile wallet app

1.      GrabPay

Born out of popular Singaporean ride-hailing company Grab, GrabPay uses the same seamless in-app technology users enjoy on the Asian answer to Uber to enable payments not only for rides, but in shops and for GrabFood deliveries. Users have the option to save card details on the app, but they can also choose to top up funds so they have a prepaid account. In addition, GrabRewards can be earned at GrabPay merchants, enabling users to make significant savings.