Apple Pay predicted to be half of all mobile wallet users as contactless payments hit $2 trillion by 2020
Digital wallets are gaining momentum and Apple Pay looks set to be the most popular platform as contactless payments are projected to hit $2 trillion within two years.
As spotted by TechCrunch, Juniper Research put out a new report today with the prediction that Apple Pay will account for 50% of global mobile wallet users by 2020. The data took into account competition from Samsung Pay, Google Pay, Huawei Pay, and Fitbit Pay.
The firm believes 2020 will see 450 million users taking advantage of mobile wallets with Apple making up for 225 million of those users. Specifically, Juniper predicts mobile wallets will make up for 15% of the $2 trillion total contactless spending by 2020.
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