Mobile wallets: their growth in Europe

 

As advanced in a previous article, mobile wallets have experienced a considerable growth during the lockdown. With more people using cashless payment solutions, this technology seems to have evolved. Indeed, the finance sector in Europe is witnessing the expansion of new services. This m-payment market is expected to reach $60 billion by the end of 2026 and there will be a robust demand for open mobile wallets among the regional population. This is a sort of virtual purse that allows you to process several types of transactions.


There are several types of mobile wallets 

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