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Argentina Mobile Wallet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The Argentina mobile wallet market is expected to exhibit a CAGR of 16.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Mobile wallet, or m-wallet, refers to a digital virtual wallet that allows users to store money and conduct financial transactions. It is widely being adopted for numerous applications related to bill payments, ticket booking, online purchases, buying groceries, etc. in the country. Mobile wallets deploy several technologies for conducting transactions, including Near Field Communication (NFC), Short Message Service (SMS), optical/QR codes, etc. These wallets offer secured and convenient payment solutions in comparison to conventional cash-based transaction methods. As a result, mobile wallets are extensively used across diverse sectors, such as retail, transportation, media and entertainment, utility, telecommunication, etc.
In Argentina, the rising penetration of e-commerce platforms along with the growing popularity of IoT-based smart devices is augmenting the demand for mobile-wallets. Additionally, the changing consumer inclination from conventional card- and cash-based payment options towards digital alternatives for enhanced security and better convenience is also propelling the market growth in the country. Moreover, the expanding retail sector has led to the increasing adoption of QR codes and NFC-based devices for eliminating card swiping and manual entry, thereby driving the demand for mobile wallets in Argentina. These wallets aid the retail stores in mitigating human errors, facilitating a smoother checkout experience, and maintaining account transparency. Apart from this, the introduction of numerous multi-factor authentication solutions, including fingerprint sensors, facial recognition, and passwords, for providing mobile wallets with enhanced security options is also bolstering the market growth in the country. In the coming years, the growing integration of mobile wallets with several innovative technologies, such as AI and cloud computing, will continue to drive the market in Argentina.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Argentina mobile wallet market report, along with forecasts for the period 2022-2027. Our report has categorized the market based on type, ownership, technology and vertical.
Breakup by Type:
Open
Semi-closed
Closed
Breakup by Ownership:
Banks
Telecom Companies
Device Manufacturers
Tech Companies
Breakup by Technology:
Near Field Communication
Optical/QR Code
Digital Only
Text-Based
Breakup by Vertical:
Retail
Transportation
Media and Entertainment
Energy & Utilities
Telecommunication
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being EBANX, Ohana, Mercado Pago (MercadoLibre SRL), PayPal Argentina S.R.L. (PayPal Holdings, Inc.), TodoPago, and VALEpei.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2021
Historical Period
2016-2021
Forecast Period
2022-2027
Units
US$ Million
Segment Coverage
Type, Ownership, Technology, Vertical
Companies Covered
EBANX, Ohana, Mercado Pago (MercadoLibre SRL), PayPal Argentina S.R.L. (PayPal Holdings, Inc.), TodoPago, and VALEpei
Customization Scope
10% Free Customization
Report Price and Purchase Option
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
How has the Argentina mobile wallet market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Argentina mobile wallet market?
What is the breakup of the market based on the type?
What is the breakup of the market based on the ownership?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Argentina mobile wallet market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology 3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends 5 Argentina mobile wallet market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast 6 Market Breakup by Type
6.1 Open
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Semi-closed
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Closed
6.3.1 Market Trends
6.3.2 Market Forecast 7 Market Breakup by Ownership
7.1 Banks
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Telecom Companies
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Device Manufacturers
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Tech Companies
7.4.1 Market Trends
7.4.2 Market Forecast 8 Market Breakup by Technology
8.1 Near Field Communication (NFC)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Optical/QR Code
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Digital Only
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Text-Based
8.4.1 Market Trends
8.4.2 Market Forecast 9 Market Breakup by Vertical
9.1 Retail
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Transportation
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Media and Entertainment
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Energy & Utilities
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Telecommunication
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast 10 SWOT Analysis
10.1 Overview
10.2 Strength
10.3 Weakness
10.4 Opportunities
10.5 Threats 11 Value Chain Analysis
11.1 Licensing
11.2 Research & Development
11.3 Product Management
11.4 Product Development
11.5 Marketing
11.6 End-User 12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes 13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 EBANX
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Ohana
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Mercado Pago (MercadoLibre SRL)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 PayPal Argentina S.R.L. (PayPal Holdings, Inc.)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 TodoPago
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 VALEpei
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
List of Figures
Figure 1: Argentina: Mobile Wallet Market: Major Drivers and Challenges
Figure 2: Argentina: Mobile Wallet Market: Transactions Value (in Million US$), 2016-2021
Figure 3: Argentina: Mobile Wallet Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 4: Argentina: Mobile Wallet Market: Breakup by Type (in %), 2021
Figure 5: Argentina: Mobile Wallet Market: Breakup by Ownership (in %), 2021
Figure 6: Argentina: Mobile Wallet Market: Breakup by Technology (in %), 2021
Figure 7: Argentina: Mobile Wallet Market: Breakup by Vertical (in %), 2021
Figure 8: Argentina: Mobile Wallet (Open) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 9: Argentina: Mobile Wallet (Open) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 10: Argentina: Mobile Wallet (Semi-Closed) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 11: Argentina: Mobile Wallet (Semi-Closed) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 12: Argentina: Mobile Wallet (Closed) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 13: Argentina: Mobile Wallet (Closed) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 14: Argentina: Mobile Wallet (Banks) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 15: Argentina: Mobile Wallet (Banks) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 16: Argentina: Mobile Wallet (Telecom Companies) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 17: Argentina: Mobile Wallet (Telecom Companies) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 18: Argentina: Mobile Wallet (Device Manufacturers) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 19: Argentina: Mobile Wallet (Device Manufacturers) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 20: Argentina: Mobile Wallet (Tech Companies) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 21: Argentina: Mobile Wallet (Tech Companies) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 22: Argentina: Mobile Wallet (Near Field Communication) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 23: Argentina: Mobile Wallet (Near Field Communication) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 24: Argentina: Mobile Wallet (Optical/QR Code) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 25: Argentina: Mobile Wallet (Optical/QR Code) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 26: Argentina: Mobile Wallet (Digital Only) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 27: Argentina: Mobile Wallet (Digital Only) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 28: Argentina: Mobile Wallet (Text-Based) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 29: Argentina: Mobile Wallet (Text-Based) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 30: Argentina: Mobile Wallet (Retail) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 31: Argentina: Mobile Wallet (Retail) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 32: Argentina: Mobile Wallet (Transportation) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 33: Argentina: Mobile Wallet (Transportation) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 34: Argentina: Mobile Wallet (Media and Entertainment) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 35: Argentina: Mobile Wallet (Media and Entertainment) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 36: Argentina: Mobile Wallet (Energy & Utilities) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 37: Argentina: Mobile Wallet (Energy & Utilities) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 38: Argentina: Mobile Wallet (Telecommunication) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 39: Argentina: Mobile Wallet (Telecommunication) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 40: Argentina: Mobile Wallet (Other Verticals) Market: Transactions Value (in Million US$), 2016 & 2021
Figure 41: Argentina: Mobile Wallet (Other Verticals) Market Forecast: Transactions Value (in Million US$), 2022-2027
Figure 42: Argentina: Mobile Wallet Industry: SWOT Analysis
Figure 43: Argentina: Mobile Wallet Industry: Value Chain Analysis
Figure 44: Argentina: Mobile Wallet Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Argentina: Mobile Wallet Market: Key Industry Highlights, 2021 and 2027
Table 2: Argentina: Mobile Wallet Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Argentina: Mobile Wallet Market Forecast: Breakup by Ownership (in Million US$), 2022-2027
Table 4: Argentina: Mobile Wallet Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Argentina: Mobile Wallet Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 6: Argentina: Mobile Wallet Market: Competitive Structure
Table 7: Argentina: Mobile Wallet Market: Key Players
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