The amount of money spent around the world using a mobile wallet will rise by nearly 32% this year to US$1.35tn, Juniper Research predicts. In Europe, the implementation of PSD2 (Payment Services Directive 2) should “spur further competition within the European wallet space, with existing players poised to introduce additional services to complement their payment offerings,” the research firm adds.
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Under promise, over deliver. PayPal and Apple Pay both topped 50% in 2016.