Juniper Research: Apple Pay will ease launch of rival mobile wallet services

Juniper Research predicted the number of mobile wallets using contactless technology would hit 200 million by the end of 2016, a growth rate of over 100 per cent from the number in use at end-2014. Growth will be driven by person-to-person mobile wallet services for unbanked consumers in developing markets, and the launch of Apple Pay in developed regions. Apple's service will also ease the launch of Samsung Pay and Android Pay, the company said. However, mobile operators' attempts to launch their own mobile wallets are faring badly. Juniper Research noted that UK venture Weve has dropped its plans to launch a wallet, while U.S. based Softcard has folded. Release