A mobile wallet allows consumers to make transactions even during travel, from any location, anytime. It not only provides transaction facilities at affordable prices but also facilitates consumers to manage their accounts easily. While all these aspects boost the growth of the mobile wallet industry, consumers’ concerns related to security and technology infancy, investment, and deployment issues are expected to impede the growth of the mobile wallet market. Although these restraints are prevalent, companies from the telecommunication industry are collaborating with each other to serve the needs of their customers with new and improved product/service innovation. Wide adoption of smartphones indicates the accessibility level for mobile wallet. Smartphone users are able to make the most of the mobile wallet functionalities, and it is expected that more such users will come up in the next few years owing to plenty of benefits that the mobile wallet provides.

The prepaid card market is expected to exhibit high growth during the forecast period, owing to the convenience offered similar that of a credit or debit card with the ability to allow you to set your spending limit according to budget. Prepaid cards are basically a plastic alternative to carrying money around and are often called everyday cards. Prepaid cards take the place of cash, checks, and other payment cards where consumers or businesses want to use an electronic means of payment, but do not want to link the payment to a credit or debit account. However, various fees and security issues are expected to restrain the market growth. These restraints are expected to have a reduced impact in the near future, owing to the increasing popularity of prepaid cards among teenagers and students. Rise in demand for cash alternatives, increase in number of internet users, booming e-commerce industry and increase in adoption of prepaid cards because of adding funds through multiple avenues fuels the growth of the market. However, lack of standardization and prone to fraudulent attacks which can hampers the growth of the market. Furthermore, increase in unbanked and underbanked population offers lucrative opportunities for the market growth globally.

2019年央行全系统共开展了658项反洗钱专项执法检查和1086项综合执法检查，处罚违规机构525家，罚款2.02亿元，处罚个人838人,罚款1341万元，罚款合计2.15亿元，同比增长13.7%;同时采用新的洗钱和恐怖融资风险评估办法和指标，反洗钱监管取得积极成效。