The mobile contactless payments market will be driven by Apple Pay, Samsung Pay, Google Pay, and other OEM Pay wallets for the next few years, according to a report from Juniper Research.OEM Pay wallet users are expected to reach 450 million by 2020 with Apple accounting for 1 in 2 OEM Pay users.
Research author Nitin Bhas explained: “We believe that growth over the next 5 years will continue to be dominated by offerings from the major OEM players. Additionally, we now have the likes of Huawei Pay and Fitbit Pay launching in several markets; this is now included in Juniper’s contactless forecasts”.
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