In 2020 there will be 450 million virtual wallet users in the world and will use

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There is an increasing number of contactless payment users around the world, who use technology to forget their wallets at home, and within this ecosystem Apple Pay is seen as the next leader in the mobile transactions market. There is an increasing number of contactless payment users According to a study published by Juniper Research , in 2020 there will be 450 million contactless payment users worldwide, including both contactless bank card payment users and payments through virtual wallet applications. Virtual wallets In addition, one in two virtual wallet users will use the Apple Pay payment system. With this growth, mobile transactions will reach an incredible figure of 300,000 million dollars (around 257,000 million euros), which will represent of the total transactions at the different points of sale. This is quite interesting since although Android-based smartphones are the most popular around the world, it will be Apple users who dominate contactless payments.

This may be due to market fragmentation , as OEMs like Samsung have their own contactless systems and wallets (Samsung Pay, Huawei Pay, Xiaomi Pay) that compete directly with Google Pay . In Spain, Apple Pay, since its arrival with Banco Santander, has positioned itself as one C Level Contact List of the most popular online payment platforms and continues to expand, since it is now compatible with BBVA and EVO Banco , giving it greater coverage. . Its great popularity is mainly due to its ease of use since all you have to do is open the Wallet app on a compatible device, scan the credit or debit card with the mobile's front camera and enter the confirmation codes. Card payments will continue to dominate contactless In any case, contactless payment users will continue to prefer payments with contactless cards , which will have strong adoption in Europe as well as in regions such as China and the rest of Asia Pacific. In fact, this region is where contactless payments have the greatest adoption by users.



With almost  of global contactless transactions. Nitin Bhas , author of this study, explained that “growth in the next 5 years will continue to be dominated by the offers of the main original manufacturers (OEM)” referring to the companies Apple, Google and Samsung “in addition we now have the launch of Huawei Pay and Fitbit Pay in various markets, which are already included in the predictions of Juniper's contactless study.” On the other hand, the total of  contactless payments (including both those made through credit cards and mobile applications) will exceed one trillion dollars in transactions for the first time in 2018 , a year ahead of schedule since contactless cards Credit cards with NFC support have managed to gain great popularity in recent years. Beyond payments at different establishments, the research predicts rapid growth in contactless ticket sales , especially in the European and North American markets. In fact, transactions to purchase tickets via mobile using contactless technology.