Press release
Mobile Payment Transaction Service Market In-Depth Analysis and Forecast - 2032
The mobile payment transaction service is an integrated system linked by various components of the value chain which typically includes the merchant, the consumer, the financial institution involved and not to forget the payment gateway and the telecom network. The Global Mobile Payment Transaction Service market is categorized on the basis technology, purpose and region. On the basis of technology, the market is segmented as WAP/WEB, SMS, NFC, and USSD. The NFC sub segment is anticipated to register a CAGR of 24.2% during the forecast period.
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On the basis of purpose segment, the market is segmented into Air time top ups, Bill Payment, Merchandise Purchase, Money Transfer, Ticketing, and Others. The Money Transfer segment accounted for a market share of 25.7% in 2016. Moreover, increasing adoption of mobile money services across financial institutions and other vendors globally is likely to contribute primarily to the growth of the segment in the global market in the coming years.
This report also covers drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of the global Mobile Payment Transaction Service market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, Asia Pacific accounted for the largest market share in 2016 owing to a growing need of Mobile Payment Transaction Service due to increase in internet penetration in different countries in the region. Also, demand for Mobile Payment Transaction Service is increasing in the leading markets of North America and Europe.
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Key Players
Key competitors featured in the global Mobile Payment Transaction Service market report include:
• Paypal
• MasterCard
• Google Wallet
• LevelUp
• Braintree
• Visa
• MoneyBookers
• WorldPay
• CLINKLE
• SinglePoint
• Venmo
• Others
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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