Mobile Payments Market Size Analysis by Growth, Emerging Trends
Mobile payments market
The term “mobile payment” means an automated payment technique involving a mobile device that is carried out under the financial supervision of regulatory bodies. It is a type of electronic payment that uses mobile devices to authorize, initiate and confirm monetary transactions. These solutions involve the use of a mobile application linked to users’ financial information. The availability of point-of-sale (POS) terminals and near-field communications facilitates the conversion of cash. Since mobile POS systems do not store user information on the merchant’s POS terminal, customers can feel more secure when making a payment. The use of mobile payments has also reduced the time and effort required to manage traditional payment methods such as cash and checks. These automated systems have made it possible to
The Mobile Payments Market size was valued at USD 32.13 Trillion in 2022 and is projected to reach USD 263.7 Trillion by 2030, growing at a CAGR of 30.1% over the period 2022-2030.
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Mobile payment is an alternative to traditional payment systems that use cash, checks or credit cards as payment methods. Customers may use wireless devices such as smartphones, tablets and other mobile devices to make purchases of goods or services. Additionally, mobile payments use various technologies such as NFC (Near Field Communication), SMS transactional payments, and direct mobile billing to enhance transaction security and convenience.
A portable electronic device, such as a smartphone, tablet, or mobile phone, is used as a means of payment in mobile payment. Consumers can pay for goods and services immediately using mobile payment technologies. The need for mobile payment technologies is likely to increase over the next few years as advanced technologies such as near field communication (NFC), wearable devices and mobile point-of-sale (m-POS) become more popular. widely adopted. Avoiding the use of currencies, coins, plastic and paper media such as checks, cash, bank transactions and debit/credit cards is the motivation for using mobile payment technology. Due to the growing popularity of smartphones and tablets in emerging countries, the mobile payment technology industry is currently growing at a faster pace.
Global Mobile Payments Market – Segment Analysis
• Alibaba Group Holdings Limited
• Amazon.com Inc.
• Apple Inc.
• American Express Company
• M Pesa
• Money Gram International
• PayPal Holdings Inc.
• Samsung Electronics Co. Ltd.
• Visa Inc.
• WeChat (Tencent Holdings Limited)
• Near field communication
• Direct mobile billing
• Mobile web payment
• Interactive voice response system
• Mobile app
By type of payment
• Remote payment
• Proximity payment
By end use
• Health care
• IT & Telecom
• Media and entertainment
• Retail and e-commerce
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1. Global Mobile Payments Market Introduction and Market Overview
2. Global Mobile Payments Market – Executive Summary
3. Mobile Payments Market Trends, Outlook and Factor Analysis
4. Global Mobile Payments Market: Estimates and Historical Trend Analysis (2018 to 2021)
5. Global mobile payments market estimates and forecast trend analysis, by deployment
6. Global mobile payments market estimates and forecast trend analysis, by component
7. Global mobile payments market estimates and forecast trend analysis, by content type
8. Global mobile payments market estimates and forecast trend analysis, by end-use
9. Global Mobile Payments Market Analysis and Forecast, By Region
10. North America Mobile Payments Market: Estimates and Forecast Trend Analysis
11. Europe Mobile Payments Market: Estimates and Forecast Trend Analysis
12. Asia-Pacific Mobile Payments Market: Estimates and Forecast Trend Analysis
13. Middle East & Africa Mobile Payments Market: Estimates and Forecast Trend Analysis
14. Latin America Mobile Payments Market: Estimates and Forecast Trend Analysis
15. Competitive landscape
16. Company Profiles
17. Assumptions and research methodology
18. Conclusions and Recommendations
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