Oct 19, 2020 8:20 PM ET
iCrowd Newswire – Oct 19, 2020

Latest Research Study on Global Mobile Payments Market published by AMA, offers a detailed overview of the factors influencing the global business scope. Global Mobile Payments Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Global Mobile Payments. This Report also covers the emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers are Apple (United States), Google (United States), PayPal (United States), Mastercard (United States), One97 Communications (Paytm) (India), Bharti Airtel (India), Vodafone (United Kingdom), Orange S.A. (France), Samsung Pay (South Korea), Verifone (United States), Square, Inc. (United States) and Alipay (China)

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Brief Overview on Global Mobile Payments

In recent years mobile payment has top priority in the financial industry and risen tremendously, particularly in the millennial and generation Z group across the world. Mobile payments have the potential to significantly change the consumer’s preferences to pay for goods and services. The recent adoption of Near Field Communication (NFC) technology to the payment industry is one of the major driving agents in the growth of the mobile payment market. In emerging economies includes India, China and Brazil with high penetration of smartphone and low banking services, mobile payment are getting a better opportunity in these geographic regions. According to AMA, the Global Mobile Payments market is expected to see growth rate of 23.6% and may see market size of USD3885.15 Billion by 2024.

Market Trend

  • Increasing Collaboration with Payment Networks and Mobile Operators to Enhance Mobile Payment Solutions
  • Mobile Payment Companies Attract and Offers Various Cashback Features to their Users

Market Drivers

  • The Growth in the Number of Smartphones and Internet Users Worldwide
  • Rising E-Commerce Industry and High-Speed Cellular Networks in Developing Economies

The Global Mobile Payments Market segments and Market Data Break Down are illuminated below:
Type (Mobile wallet/Bank cards, Mobile money), Application (Retail, BFSI, Telecom and IT, Media and Entertainment, Healthcare, Travel and Hospitality, Transportation and Logistics, Energy and Utilities, Others), Nature of Payment Type (Person to Person, Person to Business, Business to Person, Business to Business), Payment Mode (NFC/Smart card, Direct mobile billing, Mobile web/WAP payments, Mobile apps, IVRS, Others (Wi-Fi, QR codes, and STK/USSD)), Location of Payments (Remote payments, Proximity payments)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Mobile Payments Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Mobile Payments market

Chapter 2: Exclusive Summary – the basic information of the Global Mobile Payments Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Mobile Payments

Chapter 4: Presenting the Global Mobile Payments Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2014-2019

Chapter 6: Evaluating the leading manufacturers of the Global Mobile Payments market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2020-2025)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Global Mobile Payments Market is a valuable source of guidance for individuals and companies in their decision framework.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Mobile Payments Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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What benefits does AMA research studies provides?

  • Supporting company financial and cash flow planning
  • Latest industry influencing trends and development scenario
  • Open up New Markets
  • To Seize powerful market opportunities
  • Key decision in planning and to further expand market share
  • Identify Key Business Segments, Market proposition & Gap Analysis
  • Assisting in allocating marketing investments

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

About Author:

Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies’ revenues.

Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

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Keywords:    NFC/Smart card, Direct mobile billing, Mobile web/WAP payments, Mobile apps, IVRS, Mobile wallet/Bank cards, Mobile money, Person to Person, Person to Business, Business to Person, Business to Business