Mobile Payments Market Set to register a CAGR of 33.4% from 2016 – 2022

Mobile Payments Market is expected to garner $3,388 billion by 2022, registering a CAGR of 33.4% from 2016 – 2022.  Increased penetration of smartphones, growth in m-commerce industry, change in lifestyle, and the need for quick and hassle-free transactions are the major factors that drive the market growth. In order to expand their market share, global players such as Paytm, MasterCard, Apple, and Samsung have launched new mobile payment apps and mobile wallets that allow customers to make payments with their phones/smartphone.

Key players profiled in this report include Orange S.A. (France), Vodacom Group Limited (South Africa), MasterCard Incorporated (U.S.), Bharti Airtel Limited (India), MTN Group Limited (South Africa), Safaricom Limited (Kenya), PayPal Holdings, Inc. (U.S.), Econet Wireless Zimbabwe Limited (South Africa), Millicom International Cellular SA (Luxembourg), and Mahindra Comviva (India).

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The global mobile payments market report provides analysis based on mode of transaction, mobile payment, application, and geography. By mode of transaction, the market is segmented into short message service (SMS), wireless application protocol (WAP), and near field communication (NFC). By type of mobile payment, the market is bifurcated into mobile wallets/bank cards and mobile money. Various applications of mobile payment include entertainment, energy & utilities, healthcare, retail, hospitality & transportation, and others. The market is further analyzed across geographical regions, namely, North America (U.S., Canada, and Mexico), Europe (UK, Germany, Switzerland, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Asia-Pacific generated the maximum revenue in 2015. Moreover, it is anticipated to maintain its lead during the forecast period. However, North America and Europe have also indicated high growth potential, given that the customers are offered discounts and promotional offers while making mobile payments through mobile wallets and apps. For quick and easy money transaction, Mobile payments have become the most preferred medium among consumers.

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Table of Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Global Mobile Payments Market  By Mode Of Transaction

Chapter 5: Global Mobile Payments Market By Types Of Mobile Payment

Chapter 6 Global Mobile Payments Market, By Application

Chapter 7: Mobile Payments Market, By Geography

Chapter 8: Company Profiles

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Posted by on Wednesday July 17 2019, 9:50 AM EST. All trademarks acknowledged. Filed under Banking, Business Services, Software & Services, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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