UAE Mobile Wallet Market Opportunity, Analysis, Growth, Trends, Share & Size
Favorable government initiatives, an increasing number of smartphone users, growing mobile internet penetration, and rising acceptance of mobile payments to drive the UAE mobile wallet market through 2022. According to the TechSci Research report, “ UAE Mobile Wallet Market By Application, By End User, Competition Forecast & Opportunities, 2014 – 2022 ”, the mobile wallet market in the UAE is forecast to exhibit a CAGR of 24% during 2017-2022. Key factors expected to drive the market include an increasing number of government initiatives towards a cashless economy, a rising smartphone user base, and the growing adoption of technology in various industry verticals ranging from government to telecoms, retail, utilities, etc. Important Elements of the UAE Mobile Wallet Market Moreover, the increasing immigrant population and growing support of the banking industry to facilitate transactions through the m-wallet would fuel the UAE mobile wallet m...