Mobile Payment Market Size, Share, Growth, Trends, Emerging Growth Factors, Revenue, Technological Advancement and Regional Forecasts to 2027

Mobile Payment Industry report offers an overview of the market and aids vendors in trapping future potentials by providing them with necessary market statistics and estimates for the future. The Mobile Payment market report administers market coverage across five major geographies and thoroughly identifies ongoing trends and explores opportunities in each region.

Mobile payment also alludes to as mobile money, mobile money transfer, and mobile wallet generally refers to payment services controlled under financial regulations and performed from or via mobile phones. In place of paying with cash, cheque, or credit cards, a consumer can use a mobile device to pay for a wide range of services including digital or physical goods. Under mobile payment, a mobile wallet is an app that contains your debit and credit card details so that users can pay for products and services digitally by using their mobile devices.

Advantages such as fast and easy payments, convenience, flexibility, and the rising demand & penetration of mobile phones are anticipated to boost the mobile payment market globally. Concerns such as cyberthieves who spoof your mobile wallet and malware in cell phones are one of the major restraining factors in the mobile payment market. Growing market attractiveness of mobile payments in emerging industry verticals especially retail, e-commerce, and entertainment is anticipated to further provide good opportunities to the players operating in the mobile payment market.

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Increasing adoption of pricing and structuring tools is projected to be one of the vital Mobile Payment trend, which during the forecast period will gain noteworthy traction. By implementing pricing and structuring tools enables management of individual portfolios and dodge the risk through automation, consistency, and transparency provided by algorithmic trading throughout the company. Hence, the adoption of these tools is projected to optimistically impact the growth of Mobile Payment market.

Key Players Influencing the Market

• Bharti Airtel Limited
• Econet Wireless Zimbabwe Limited
• Mahindra Comviva
• Mastercard Incorporated
• Millicom International Cellular S.A.
• Mtn Group
• Orange S.A.
• Paypal Holdings, Inc.
• Safaricom Limited
• Vodacom Group Limited

The global mobile payment market is segmented on the basis of mode of transaction, type of mobile payment and application. On the basis of mode of transaction, the mobile payment market is segmented into short message service, wireless application protocol and near field communication. The mobile payment market on the basis of the type of mobile payment is classified into, mobile money and mobile wallets. Based on application, the mobile payment market is segmented into hospitality and transportation, retail, healthcare, energy and utilities, entertainment and others.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Mobile Payment market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Mobile Payment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Mobile Payment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Mobile Payment market in these regions.

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Answers that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Mobile Payment Market.
• Key market trends cracking up the growth of the Mobile Payment Market.
• Challenges to market growth.
• Key vendors of Mobile Payment Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Mobile Payment Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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This release was published on openPR.