Mobile wallet analysis: Evolution, Challenges and the Way Ahead

Multiple industry sources estimate that the mobile payment market will grow to a trillion dollars in the next five years.

Mobile wallet evolution:

Source: LTP research and analysis

Mobile wallet concepts began in 2000. With growing penetration of smart phones across the US, certain players starting looking at replacing plastic cards with always-on, ubiquitous mobile devices. We see that the industry has evolved into it ...

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