Mobile Payments Industry Trends, Sales, Status and Key Players: Orange S.A., Google, Apple Inc., Samsung, American Express, Visa, Amazon and PayPal

Mobile Payments Industry Overview:
Mobile payments refer to payments or transactions under financial supervision using a mobile device like a smartphone or tablet. This service eliminates traditional alternatives such as credit cards, checks and cash, providing great convenience to end users. Payments can be made using applications such as Square Wallet, which must be installed on the customer's phone, and must be associated with their financial providers. It is also possible to use an NFC or near field communication technology, in which the user's telephone must be connected to the NFC POS terminal. To use this method, applications such as Isis or Google Wallet must be used and the user's phone must be compatible with NFC. In addition to financial cards, loyalty cards and other coupons can be integrated into the device, allowing an enhanced user experience.

Mobile Payments Industry was valued at USD XX million in 2017 and projected to reach USD XX million by 2022 growing at a CAGR of XX% during the forecast period 2017 to 2022.

Avail Sample of the report @ https://www.researchcosmos.com/request/mobile-payments-industry-research-report-2017-global-marke/6311806

Drivers and restraints:
It is expected that the growing propensity to use smartphones, especially in emerging countries, will drive the market growth in the coming years. The advent of cheap mobile phones that are capable of supporting mobile payments, has also boosted the demand. Since users do not need to use traditional payment methods and can make remittance payments and services using a consolidated device, this technology has contributed significantly to fill the gap between populations. As a result, it has received positive support from organizations and regulators, becoming very useful in areas of low banking penetration. The security problems are mainly limiting the market. In addition, the loss of the mobile device configured with financial details is a serious concern. However, service providers are equipped to handle these problems and can remotely suspend the user's account, protecting the mobile wallet.

Geographical segmentation of Mobile Payments Industry:
The European region accounted for the largest market share due to technological advances and the presence of a sub-banked population in the region. Asia-Pacific is expected to be a growing market during the forecast period with the increasing mobile payments and the advent of new mobile wallets in countries like India, China, Australia, etc.

Browse More Details of the report and TOC @ https://www.researchcosmos.com/reports/mobile-payments-industry-research-report-2017-global-market-analysis-developments-and-future-fore/6311806

Key Players of Mobile Payments Industry:
The main players in the Mobile Payments Industry are Orange S.A., Google, Apple Inc., Samsung, American Express, Visa, Amazon, PayPal, etc.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

Make an Inquiry before buying @ https://www.researchcosmos.com/inquire/mobile-payments-industry-research-report-2017-global-marke/6311806

Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

Kevin Stewart
kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
LinkedIn - https://www.linkedin.com/company/market-research-cosmos
Twitter - https://twitter.com/researchcosmos
Google+ - https://plus.google.com/109756852849129986268
Facebook - https://www.facebook.com/researchcosmos/

This release was published on openPR.