Mobile wallet usage will exceed $80bn in the US

 

According to a new study, the number of people using a mobile wallet to process transactions is expected to grow in the next five years in the US. Indeed, by 2026, the market value of these payment solutions is predicted to reach more than $80bn. Currently, its share is over $23bn. These findings were revealed by Graphical Research. Growth of these innovative settlement methods is being driven by the rapid proliferation of smartphones and increasing internet penetration. Moreover, consumers are showing more interest towards digital payment solutions.


More people will use mobile wallets in the US © Royalty-free image

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