Mobile Wallet Adoption Rates Are the Highest in Asia-Pacific, Says yStats.com

Hamburg, Germany, April 03, 2019 –(PR.com)– Asia-Pacific accounts for above two-thirds of mobile wallet users worldwide.
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Following a rapid growth rate, the number of mobile wallet users is projected to rise to a ten-digit figure in 2019, according to the research findings cited in the yStats.com report. Asia-Pacific is the top global region by mobile wallet adoption, accounting for more than two in three mobile wallet users worldwide. The top services in this region include Alipay and WeChat Pay in China, Paytm and PhonePe in India, LINE Pay and Rakuten Pay in Japan, and others.

Security concerns hinder wider usage of mobile wallets in-store
Among the mobile wallets from equipment manufacturers, Apple Pay is in the lead on the global scale. The service is used for an increasing number of transactions both in-store and online. When it comes to in-store mobile payment usage, surveys cited in the yStats.com report reveal that consumers are still wary of security of mobile wallets. Nevertheless, proximity mobile payment user penetration is projected to maintain strong growth across all global regions through 2022.

For further information, see: https://www.ystats.com/wp-content/uploads/2019/04/2019.04.01_Product-Brochure-Order-Form_Global-Mobile-Wallets-2019.pdf

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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world’s leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.