Market Overview:
The global mobile payment technologies market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of smartphones and other mobile devices, rising demand for secure and convenient payment methods, and growing penetration of e-commerce. The global mobile payment technologies market can be segmented on the basis of type into proximity payments and remote payments. Proximity payments are those that are made by physically bringing two devices close together, such as contactless cards or NFC-enabled phones. Remote payments are those that are made without any physical contact between the payer and payee, such as through online banking or digital wallets.
Product Definition:
A mobile payment technology is a system that allows consumers to make financial transactions using a mobile device, such as a smartphone. Mobile payment technologies are used to process payments for goods or services, or to transfer money between individuals. The importance of mobile payment technologies lies in their ability to make transactions more convenient and efficient for consumers. Additionally, they can help businesses improve cash flow and reduce costs associated with traditional methods of payments processing.
Proximity Payments:
Proximity payments are contactless payment technologies that allow users to make purchases by tapping their smartphones or tablets near a point-of-sale terminal. The technology is gaining popularity among consumers and retailers as an easier, faster and more convenient way to pay than traditional cash or credit card methods.
Remote Payments:
Remote payments are made using electronic mediums such as smartphones, tablets or other devices. It helps in making secure and seamless payment transactions between the payer and the receiver without involving any third party. The transaction process is carried out directly between the buyer and seller without going through a bank or any other financial institution.
Application Insights:
The retail sector accounted for the largest revenue share in 2016 and is anticipated to continue leading over the forecast period. The growing e-commerce industry has created a need for payment solutions that can support secure transactions. Various mobile payment options such as Google Wallet, Softcard, and Isis are paving way for brick-and-mortar stores to adopt these technologies to remain competitive in an increasingly digital market.
The hospitality sector is expected to be one of the fastest growing segments during the forecast period owing to increasing demand from consumers traveling or staying at hotels around the world looking for ways other than cash money exchange facilities offered by banks at checkouts or front desk areas. Increasing preference towards electronic billing has created a need for convenient methods of payment that do not require physical presence of currency bills at all times while booking rooms online or over phone lines.
Regional Analysis:
The Asia Pacific region is expected to emerge as a predominant region over the forecast period. The growth of the regional market can be attributed to increasing smartphone penetration, technological advancements in payment technologies, and rising adoption of mobile payments in China and India. Moreover, favorable government regulations aimed at promoting digital payment systems are also expected to drive industry growth over the next eight years. For instance, China has implemented a number of initiatives such as “the Big Data E-commerce Report†which highlighted various trends associated with online shopping activities across different industries in 2015.
North America is estimated to account for significant share owing to growing demand from U.S.
Growth Factors:
- Increasing smartphone penetration and mobile internet users
- Rising demand for convenience and faster transactions
- Proliferation of digital wallets and increasing merchant acceptance
- Government initiatives to promote cashless payments
- Growing trend of online shopping
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile Payment Technologies Market Research Report
By Type
Proximity Payments, Remote Payments
By Application
Hospitality, Tourism Sector, Entertainment, Retail Sector, Health Care Sector, Education, Others
By Companies
MasterCard International, Visa, American Express, Boku, Fortumo, PayPal, Bharti Airtel, Vodafone, Microsoft Corporation, Google, Apple
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Mobile Payment Technologies Market Report Segments:
The global Mobile Payment Technologies market is segmented on the basis of:
Types
Proximity Payments, Remote Payments
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitality, Tourism Sector, Entertainment, Retail Sector, Health Care Sector, Education, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MasterCard International
- Visa
- American Express
- Boku
- Fortumo
- PayPal
- Bharti Airtel
- Vodafone
- Microsoft Corporation
- Google
- Apple
Highlights of The Mobile Payment Technologies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Proximity Payments
- Remote Payments
- By Application:
- Hospitality
- Tourism Sector
- Entertainment
- Retail Sector
- Health Care Sector
- Education
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mobile Payment Technologies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mobile payment technologies are a set of technologies that allow consumers to pay for goods and services using their mobile phones. These technologies include traditional credit card processing, as well as newer methods such as near field communication (NFC) and wireless payments.
Some of the key players operating in the mobile payment technologies market are MasterCard International, Visa, American Express, Boku, Fortumo, PayPal, Bharti Airtel, Vodafone, Microsoft Corporation, Google, Apple.
The mobile payment technologies market is expected to grow at a compound annual growth rate of 20%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mobile Payment Technologies Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mobile Payment Technologies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mobile Payment Technologies Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mobile Payment Technologies Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mobile Payment Technologies Market Size & Forecast, 2018-2028
4.5.1 Mobile Payment Technologies Market Size and Y-o-Y Growth
4.5.2 Mobile Payment Technologies Market Absolute $ Opportunity
Chapter 5 Global Mobile Payment Technologies Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Mobile Payment Technologies Market Size Forecast by Type
5.2.1 Proximity Payments
5.2.2 Remote Payments
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Mobile Payment Technologies Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Mobile Payment Technologies Market Size Forecast by Applications
6.2.1 Hospitality
6.2.2 Tourism Sector
6.2.3 Entertainment
6.2.4 Retail Sector
6.2.5 Health Care Sector
6.2.6 Education
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mobile Payment Technologies Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mobile Payment Technologies Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Mobile Payment Technologies Analysis and Forecast
9.1 Introduction
9.2 North America Mobile Payment Technologies Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Mobile Payment Technologies Market Size Forecast by Type
9.6.1 Proximity Payments
9.6.2 Remote Payments
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Mobile Payment Technologies Market Size Forecast by Applications
9.10.1 Hospitality
9.10.2 Tourism Sector
9.10.3 Entertainment
9.10.4 Retail Sector
9.10.5 Health Care Sector
9.10.6 Education
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Mobile Payment Technologies Analysis and Forecast
10.1 Introduction
10.2 Europe Mobile Payment Technologies Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Mobile Payment Technologies Market Size Forecast by Type
10.6.1 Proximity Payments
10.6.2 Remote Payments
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Mobile Payment Technologies Market Size Forecast by Applications
10.10.1 Hospitality
10.10.2 Tourism Sector
10.10.3 Entertainment
10.10.4 Retail Sector
10.10.5 Health Care Sector
10.10.6 Education
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Mobile Payment Technologies Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Mobile Payment Technologies Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Mobile Payment Technologies Market Size Forecast by Type
11.6.1 Proximity Payments
11.6.2 Remote Payments
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Mobile Payment Technologies Market Size Forecast by Applications
11.10.1 Hospitality
11.10.2 Tourism Sector
11.10.3 Entertainment
11.10.4 Retail Sector
11.10.5 Health Care Sector
11.10.6 Education
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Mobile Payment Technologies Analysis and Forecast
12.1 Introduction
12.2 Latin America Mobile Payment Technologies Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Mobile Payment Technologies Market Size Forecast by Type
12.6.1 Proximity Payments
12.6.2 Remote Payments
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Mobile Payment Technologies Market Size Forecast by Applications
12.10.1 Hospitality
12.10.2 Tourism Sector
12.10.3 Entertainment
12.10.4 Retail Sector
12.10.5 Health Care Sector
12.10.6 Education
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Mobile Payment Technologies Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Mobile Payment Technologies Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Mobile Payment Technologies Market Size Forecast by Type
13.6.1 Proximity Payments
13.6.2 Remote Payments
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Mobile Payment Technologies Market Size Forecast by Applications
13.10.1 Hospitality
13.10.2 Tourism Sector
13.10.3 Entertainment
13.10.4 Retail Sector
13.10.5 Health Care Sector
13.10.6 Education
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mobile Payment Technologies Market: Competitive Dashboard
14.2 Global Mobile Payment Technologies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MasterCard International
14.3.2 Visa
14.3.3 American Express
14.3.4 Boku
14.3.5 Fortumo
14.3.6 PayPal
14.3.7 Bharti Airtel
14.3.8 Vodafone
14.3.9 Microsoft Corporation
14.3.10 Google
14.3.11 Apple
