PayPal leads in the global wallet wars
Global spending via mobile wallets is expected to rise by nearly 32% this year to $1.35 trillion, a new study from Juniper Research (www.juniperresearch.com) has found.
The study found that spending is currently concentrated in the Far East and China, due primarily to the success of Alipay and WeChat. However, the research says that moves by PayPal and Apple to offer wallets that can be used both in-store and online means that wallets will increasingly become the default payment mechanism in other markets.
Read More