Global Mobile Payment Market Overview
Global mobile payment market size was valued at USD 1.99 trillion in 2021, and is projected to reach USD 13.53 trillion by 2028, growing at a CAGR of 31.5% from 2022 to 2028.
Mobile payment is an advanced method for making transactions. Traditional modes of payment are cash, cheques, or credit cards. Mobile payment is a medium through which individuals or enterprises do cashless transactions securely in minimum time. This method provides customers a new way to purchase any goods or services with the help of wireless devices such as smartphones, tablets, and others. Additionally, mobile payment uses different technologies such as SMS-based transactional payments, direct mobile billing, and NFC (Near Field Communication) to improve security and provide hassle-free transactions anytime and from anywhere. The mobile payment market is getting popular; it is the easiest way to accept in-person payments. It is a fast, secure and convenient way of money transfer for users to make immediate payments utilizing their smartphones for daily transactions in the modern world. Mobile payment technology offers various applications in end-user industries like the entertainment industry, food, retail stores, IT, and banking which helps in the growth of increasing use of mobile payment mode for transection. Many companies like Apple Pay, Samsung pay, Google pay, etc. offer mobile payment services. According to Statista PayPal’s annual payment volume came to USD 936 billion in 2020.
Market Dynamics And Factors For Mobile Payment Market
Drivers:
People Shifting To Words Cashless Mode Of Transection
People moving to words cash-less transactions. Different companies provide services for easy money transfer by just using mobile phones or tabs. The majorly used non-cash payment methods are credit and debit cards, direct debits, and credit transfers. However, financial technology firms have developed a variety of mobile payment alternatives, for instance, the money transfer and payment service PayPal accepts credit cards and bank transfers. That enhances the moving rate of people towards mobile payments. Companies are also providing virtual wallets such as Apple Pay, Google Wallet, and Samsung Pay for secure transfers. Samsung Pay and Google Pay are reaching 100 million users each in 2020. This shows the high adoption rate and people are shifting to words cashless transactions in the upcoming year.
Restraints:
Mobile Payments Aren't Always Accepted.
Mobile payment mode is a secure and effective method for doing online transactions. It supports the cash-less method of transection to buy or get goods and services. Mobile payments are accepted by a growing number of retailers, financial sector, and companies but there are tons of stores that don't take mobile payments. Apple Pay is the most widely accepted form of digital payment, and even so, only 36% of North American retailers support it. Lack of awareness, insecurities, and lack of trust in online services are the key factors that hamper the growth of the market. The developing region has connectivity issues, lack of resources, and high prices of electronic devices restrain the growth of the mobile payment market.
Opportunity:
Opportunity In Digitalization Of Small Scale Enterprises
The world explores and there are endless limits of urbanization, with cities rapidly expanding infrastructures and populations, rural area is also developing. Digitalization helps in redefining the entire business strategy adopting the latest and new emerging digital technology to drive the business. As a result small scale enterprises in urban and especially in rural areas are shifting towards online mode of money transitions. Digitalization provides opportunities to carry out all the payment process digitally which gives more security and fast services. Digitalization has propagated the banking industry, food industry, agriculture industry, service industry through mobile payment functionality. Mobile payments are a subset of digital payment that allows payment through mobile devices. Hence digitalization provides opportunities for the growth of mobile payment market.
Segmentation Analysis Of Mobile Payment Market
By payment type, proximity payment is expected to account for the largest market share in the forecasted period. Mobile proximity payments are mobile payments, the payer and the receiver are in the same location and where the transition is in between their devices takes place through proximity technology. Proximity technology used for mobile payment is Near Field Communication (NFC), Quick Response (QR) codes, digital wallets, card terminals, etc. It is an online mode of transaction for doing a quick and secure payment process. It helps to do transections by handy devices like smartphones, tabs at any time from anywhere bank to bank transitions are possible. That is helping in the growth of the mobile payment market.
By end-user, the BFSI segment is expected to dominate the mobile payment market in the forecast period. BFSI (Banking, Financial Services, and Insurance) is one of the major sectors where businesses have better possibilities when it comes to digital transactions. In the financial services bank required valid customer bank accounts through which the bank receives and collects the payment. BFSI sector adopting new techniques for making payment transfers easy and convenient. Developing smartphone apps, adding new features such as remote deposit of checks, and providing training to educate consumers. Consequently, mobile banking adoption among consumers has been much faster, leading to the development of the mobile payment market in the upcoming period.
Regional Analysis Of Mobile Payment Market
Asia Pacific region is expected largest market share of the mobile payment market in the projected period. The rapidly growing online market and supply of mobile devices create the need for mobile payment services in the market. This service enables easy cashless payments. It is the most convenient transaction that can be completed in the shortest period that improves the customer experience. In the Asia Pacific especially India and China dominate the largest share in the market. In India, digitalization and the government’s demonetization action have propelled the adoption of mobile payments. Also, the large population indicates the high consumer base for the mobile payment market in China, it is a leading country in the adoption of new technology, high use of smartphones, and growing need for less-time consuming payment methods in China are expected to boost the demand for mobile payments in the projected period.
The North American region is the second most dominated region in the mobile payment market during the forecasted period. The coronavirus pandemic boosts mobile payment developments across the world, and North America was no exception. Indeed, the US bigger increase in NFC than other countries worldwide According to Statista In 2021, more than four out of 10 people U.S. smartphone users had used contactless payment methods not only NFC but mobile wallets, QR code payments, or PayPal transactions via a smartphone. PayPal, especially, is popular in the United States For instance, the number of active PayPal accounts was said to be over 400 million in 2021, up by over 70 million since early 2020. As result, that shows the increasing demand for mobile payment.
Europe is the region that has the potential to grow in the mobile payment market in the upcoming period. Rising use of the online mode of money transfer in the Europe region due to the service provided by the key players. There are various apps, systems, and financial technology that provide mobile payment services more effectively. Moreover, the use of mobile payment services is larger in younger adults like age group 18-34 is significantly more likely to currently use a mobile payment service and this region contains a large population between this age group which leads to an increased demand for mobile payment market. Moreover, governments across the region have enforced strict regulatory policies, to support the development of payment technology and make a cashless economy. The Europe region holds a positive outlook for the mobile payment technologies market
The South American region has the potential to grow in the mobile payment market due to the presence of developing countries. The rising population shows the high availability of large consumers of this region that support to increase in the use of mobile payment market in this region. The adoption of new technology helps in easier, more secure, and convenient mobile transactions through mobile payment technologies which increases the demand for the market in the forecast period.
Covid-19 Impact Analysis On Mobile Payment Market
The Global market struggled due to the sudden hampering of the pandemic. The supply chains both local and international have been completely disrupted due to the lockdown imposed by several countries to curb the spread of the virus. But this works in the favor of the mobile payment market. Due to lockdown and restrictions, people are in their homes and depend on the online service-providing sector for goods and services. That increases the use of mobile payment transection which shows a positive impact on online transaction services. The demand from the food and beverage sectors, pharmaceutical sector, and daily needed things are increased. People prefer using a mobile phone to carry out a mobile transaction which helps to make the cash-less transaction, and help to maintain distance from vendors because COVID-19 is a viral infection it is easily spread through contact with infected people. However, the calcium phosphate market is expected to grow at a steady rate during the forecast period.
Top Key Players Covered In Mobile Payment Market Are
- Apple (US)
- Google (US)
- American Express Company (US)
- MasterCard (US)
- PayPal (US)
- Isis Mobile Wallet (US)
- Visa (US)
- Merchant Customer Exchange (US)
- Alibaba Group Holdings Limite (China)
- Amazon.com Inc. (US)
- M Pesa (Africa)
- Money Gram International (US)
- Samsung Electronics Co. Ltd. (South Korea)
- WeChat (Tencent Holdings Limited) (China), and other major players.
Key Industry Development In The Mobile Payment Market
In November 2021, the leading Japanese information and communication technology company Fujitsu Limited and, American Express International announced a new partnership to work on their global expense management by doing digital transformation in expense management.
In March 2022, Visa acquired tink, Visa, and opened a banking platform that is used for financial businesses to give services, and financial products and do money transitions. Tink and Visa are commonly expected to work on providing better management of financial services, financial data, and money for their clients.
Global Mobile Payment Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 1.99 Tn. |
Forecast Period 2022-28 CAGR: |
31.5% |
Market Size in 2028: |
USD 13.53 Tn. |
Segments Covered: |
By Payment Type |
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By End-User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Payment Type
3.2 By End-User
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Mobile Payments Market by Payment Type
5.1 Mobile Payments Market Overview Snapshot and Growth Engine
5.2 Mobile Payments Market Overview
5.3 Proximity Payment
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Proximity Payment: Grographic Segmentation
5.4 Remote Payment
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Remote Payment: Grographic Segmentation
Chapter 6: Mobile Payments Market by End-User
6.1 Mobile Payments Market Overview Snapshot and Growth Engine
6.2 Mobile Payments Market Overview
6.3 BFSI
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 BFSI: Grographic Segmentation
6.4 IT & Telecommunication
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 IT & Telecommunication: Grographic Segmentation
6.5 Retail
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Retail: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Mobile Payments Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 Mobile Payments Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Mobile Payments Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 APPLE
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 GOOGLE
7.4 AMERICAN EXPRESS COMPANY
7.5 MASTERCARD
7.6 PAYPAL
7.7 ISIS MOBILE WALLET
7.8 VISA
7.9 MERCHANT CUSTOMER EXCHANGE
7.10 ALIBABA GROUP HOLDINGS LIMITE
7.11 AMAZON.COM INC.
7.12 M PESA
7.13 MONEY GRAM INTERNATIONAL
7.14 SAMSUNG ELECTRONICS CO. LTD.
7.15 WECHAT (TENCENT HOLDINGS LIMITED)
7.16 OTHER MAJOR PLAYERS
Chapter 8: Global Mobile Payments Market Analysis, Insights and Forecast, 2016-2028
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Payment Type
8.2.1 Proximity Payment
8.2.2 Remote Payment
8.3 Historic and Forecasted Market Size By End-User
8.3.1 BFSI
8.3.2 IT & Telecommunication
8.3.3 Retail
Chapter 9: North America Mobile Payments Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Payment Type
9.4.1 Proximity Payment
9.4.2 Remote Payment
9.5 Historic and Forecasted Market Size By End-User
9.5.1 BFSI
9.5.2 IT & Telecommunication
9.5.3 Retail
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe Mobile Payments Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Payment Type
10.4.1 Proximity Payment
10.4.2 Remote Payment
10.5 Historic and Forecasted Market Size By End-User
10.5.1 BFSI
10.5.2 IT & Telecommunication
10.5.3 Retail
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Mobile Payments Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Payment Type
11.4.1 Proximity Payment
11.4.2 Remote Payment
11.5 Historic and Forecasted Market Size By End-User
11.5.1 BFSI
11.5.2 IT & Telecommunication
11.5.3 Retail
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Mobile Payments Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Payment Type
12.4.1 Proximity Payment
12.4.2 Remote Payment
12.5 Historic and Forecasted Market Size By End-User
12.5.1 BFSI
12.5.2 IT & Telecommunication
12.5.3 Retail
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America Mobile Payments Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Payment Type
13.4.1 Proximity Payment
13.4.2 Remote Payment
13.5 Historic and Forecasted Market Size By End-User
13.5.1 BFSI
13.5.2 IT & Telecommunication
13.5.3 Retail
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Mobile Payment Market |
|||
Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 1.99 Tn. |
Forecast Period 2022-28 CAGR: |
31.5% |
Market Size in 2028: |
USD 13.53 Tn. |
Segments Covered: |
By Payment Type |
|
|
By End-User |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. MOBILE PAYMENTS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. MOBILE PAYMENTS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. MOBILE PAYMENTS MARKET COMPETITIVE RIVALRY
TABLE 005. MOBILE PAYMENTS MARKET THREAT OF NEW ENTRANTS
TABLE 006. MOBILE PAYMENTS MARKET THREAT OF SUBSTITUTES
TABLE 007. MOBILE PAYMENTS MARKET BY PAYMENT TYPE
TABLE 008. PROXIMITY PAYMENT MARKET OVERVIEW (2016-2028)
TABLE 009. REMOTE PAYMENT MARKET OVERVIEW (2016-2028)
TABLE 010. MOBILE PAYMENTS MARKET BY END-USER
TABLE 011. BFSI MARKET OVERVIEW (2016-2028)
TABLE 012. IT & TELECOMMUNICATION MARKET OVERVIEW (2016-2028)
TABLE 013. RETAIL MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA MOBILE PAYMENTS MARKET, BY PAYMENT TYPE (2016-2028)
TABLE 015. NORTH AMERICA MOBILE PAYMENTS MARKET, BY END-USER (2016-2028)
TABLE 016. N MOBILE PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE MOBILE PAYMENTS MARKET, BY PAYMENT TYPE (2016-2028)
TABLE 018. EUROPE MOBILE PAYMENTS MARKET, BY END-USER (2016-2028)
TABLE 019. MOBILE PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC MOBILE PAYMENTS MARKET, BY PAYMENT TYPE (2016-2028)
TABLE 021. ASIA PACIFIC MOBILE PAYMENTS MARKET, BY END-USER (2016-2028)
TABLE 022. MOBILE PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA MOBILE PAYMENTS MARKET, BY PAYMENT TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA MOBILE PAYMENTS MARKET, BY END-USER (2016-2028)
TABLE 025. MOBILE PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA MOBILE PAYMENTS MARKET, BY PAYMENT TYPE (2016-2028)
TABLE 027. SOUTH AMERICA MOBILE PAYMENTS MARKET, BY END-USER (2016-2028)
TABLE 028. MOBILE PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 029. APPLE: SNAPSHOT
TABLE 030. APPLE: BUSINESS PERFORMANCE
TABLE 031. APPLE: PRODUCT PORTFOLIO
TABLE 032. APPLE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. GOOGLE: SNAPSHOT
TABLE 033. GOOGLE: BUSINESS PERFORMANCE
TABLE 034. GOOGLE: PRODUCT PORTFOLIO
TABLE 035. GOOGLE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. AMERICAN EXPRESS COMPANY: SNAPSHOT
TABLE 036. AMERICAN EXPRESS COMPANY: BUSINESS PERFORMANCE
TABLE 037. AMERICAN EXPRESS COMPANY: PRODUCT PORTFOLIO
TABLE 038. AMERICAN EXPRESS COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. MASTERCARD: SNAPSHOT
TABLE 039. MASTERCARD: BUSINESS PERFORMANCE
TABLE 040. MASTERCARD: PRODUCT PORTFOLIO
TABLE 041. MASTERCARD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. PAYPAL: SNAPSHOT
TABLE 042. PAYPAL: BUSINESS PERFORMANCE
TABLE 043. PAYPAL: PRODUCT PORTFOLIO
TABLE 044. PAYPAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. ISIS MOBILE WALLET: SNAPSHOT
TABLE 045. ISIS MOBILE WALLET: BUSINESS PERFORMANCE
TABLE 046. ISIS MOBILE WALLET: PRODUCT PORTFOLIO
TABLE 047. ISIS MOBILE WALLET: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. VISA: SNAPSHOT
TABLE 048. VISA: BUSINESS PERFORMANCE
TABLE 049. VISA: PRODUCT PORTFOLIO
TABLE 050. VISA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. MERCHANT CUSTOMER EXCHANGE: SNAPSHOT
TABLE 051. MERCHANT CUSTOMER EXCHANGE: BUSINESS PERFORMANCE
TABLE 052. MERCHANT CUSTOMER EXCHANGE: PRODUCT PORTFOLIO
TABLE 053. MERCHANT CUSTOMER EXCHANGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. ALIBABA GROUP HOLDINGS LIMITE: SNAPSHOT
TABLE 054. ALIBABA GROUP HOLDINGS LIMITE: BUSINESS PERFORMANCE
TABLE 055. ALIBABA GROUP HOLDINGS LIMITE: PRODUCT PORTFOLIO
TABLE 056. ALIBABA GROUP HOLDINGS LIMITE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. AMAZON.COM INC.: SNAPSHOT
TABLE 057. AMAZON.COM INC.: BUSINESS PERFORMANCE
TABLE 058. AMAZON.COM INC.: PRODUCT PORTFOLIO
TABLE 059. AMAZON.COM INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. M PESA: SNAPSHOT
TABLE 060. M PESA: BUSINESS PERFORMANCE
TABLE 061. M PESA: PRODUCT PORTFOLIO
TABLE 062. M PESA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. MONEY GRAM INTERNATIONAL: SNAPSHOT
TABLE 063. MONEY GRAM INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 064. MONEY GRAM INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 065. MONEY GRAM INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. SAMSUNG ELECTRONICS CO. LTD.: SNAPSHOT
TABLE 066. SAMSUNG ELECTRONICS CO. LTD.: BUSINESS PERFORMANCE
TABLE 067. SAMSUNG ELECTRONICS CO. LTD.: PRODUCT PORTFOLIO
TABLE 068. SAMSUNG ELECTRONICS CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. WECHAT (TENCENT HOLDINGS LIMITED): SNAPSHOT
TABLE 069. WECHAT (TENCENT HOLDINGS LIMITED): BUSINESS PERFORMANCE
TABLE 070. WECHAT (TENCENT HOLDINGS LIMITED): PRODUCT PORTFOLIO
TABLE 071. WECHAT (TENCENT HOLDINGS LIMITED): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 072. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 073. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 074. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. MOBILE PAYMENTS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. MOBILE PAYMENTS MARKET OVERVIEW BY PAYMENT TYPE
FIGURE 012. PROXIMITY PAYMENT MARKET OVERVIEW (2016-2028)
FIGURE 013. REMOTE PAYMENT MARKET OVERVIEW (2016-2028)
FIGURE 014. MOBILE PAYMENTS MARKET OVERVIEW BY END-USER
FIGURE 015. BFSI MARKET OVERVIEW (2016-2028)
FIGURE 016. IT & TELECOMMUNICATION MARKET OVERVIEW (2016-2028)
FIGURE 017. RETAIL MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA MOBILE PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE MOBILE PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC MOBILE PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA MOBILE PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA MOBILE PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Mobile Payment market research report is 2022-2028.
Apple (US), Google (US), American Express Company (US), MasterCard (US), PayPal (US), Isis Mobile Wallet (US), Visa (US), Merchant Customer Exchange (US), Alibaba Group Holdings Limite (China), Amazon.com Inc. (US), M Pesa (Africa), Money Gram International (US), Samsung Electronics Co. Ltd. (South Korea), WeChat (Tencent Holdings Limited) (China), and other major players.
The mobile payment market is segmented into payment type, end-user, and region. By Payment Type the market is categorized into Proximity Payment, Remote Payment. By End-user, the market is categorized into BFSI, IT & Telecommunication, Retail and Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).
Mobile payment is an advanced method for making transactions. Mobile payment is a medium through which individuals or enterprises do cashless transactions securely in minimum time.
Global mobile payment market size was valued at USD 1.99 trillion in 2021, and is projected to reach USD 13.53 trillion by 2028, growing at a CAGR of 31.5% from 2022 to 2028.