The global spending through mobile wallet will grow this year almost 32%, to 1.35 billion dollars. PayPal is emerging as the industry leader.

Few doubt that the mobile is going to be one of the payment instruments most relevant in the future, both online and offline. And is likely to outperform the payment by credit card in a horizon not very far away. We anticipate that the mobile wallet has a bright future ahead.

According to the study ‘Mobile Wallets: Service Provider Analysis, Market Opportunities & Forecasts’, prepared by Juniper Research, it is expected that the global spending through wallets mobile in 2017 to reach the 1.35 trillion dollars, a year-onyear growth of close to 32%.

however, keep in mind that the mobile wallet presents an implementation is very uneven depending on the geographical area. Thus, the study has detected that the spending is concentrated in the Far East and China, mainly due to the success of Alipay and WeChat. however, Juniper notes that the efforts of PayPal and Apple to offer wallets that can be used both online and offline leads one to think that the portfolio mobile is become little by little in the mechanism of payment default in other markets.

According to research, PayPal is situated at the head of the sector. The report is the decision of this company to introduce a solution NFC HCE (Host Card Emulation) to allow for payments in points of sale (PoS) at a key moment in the wars of the mobile wallet portfolio. In addition, you need to add the success of your branch of social payments Venmo. Juniper believes that these two factors will make PayPal to hijack a good part of the increase in demand of purses mobile. Behind the american company there are other suppliers of wallets, mobile as Alipay, Apple, Mastercard, Paytm, Samsung or WeChat.

on the other hand, Juniper believes that the implementation of the new european regulations in the field of payments, the so-called PSD2 (Directive of Services of Payment 2) it should promote greater competition within the european space of mobile wallet. As she explains it, the new regulation might drive the industry players to introduce additional services to complement their offers of payment.

however, the study warns that, outside of emerging markets, mobile operators that offer mobile wallets will not have earnings. According to Windsor Holden, author of the research, the operators of mobile networks are still ‘married’ with the offline payment methods that are based on a SIM card, NFC, at a time when competitors are more agile deployed portfolios HCE integrated, which also allow use in-line”.