Press release
Consumer Mobile Payments Market 2019 Key Information By Top Key Player: ACI Worldwide, Alphabet, Samsung Electronics, DH, Fidelity National Information Services, Fiserv, Jack Henry & Associates, MasterCard, PayPal Holdings, Square, Visa, Apple
Consumer Mobile Payments Market
This report studies the Consumer Mobile Payments market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market and splits the Consumer Mobile Payments market by product type and applications/end industries.
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Market Segment by Companies, this report covers
ACI Worldwide
Alphabet
Samsung Electronics
DH
Fidelity National Information Services
Fiserv
Jack Henry & Associates
MasterCard
PayPal Holdings
Square
Visa
Apple
E-commerce is well and truly here to stay and has revolutionized the retail industry. E-commerce has essentially transformed the world into one big global village, allowing companies to reach customers in far-flung areas. The developing world in particular is predicted to be mobile-first or even mobile-only, and smartphone sales have already eclipsed that of traditional PCs.
The comfort and convenience provided by mobile e-commerce is unparalleled and it aims to cater to the demand for niche products as well as traditional ones. Any company that chooses to ignore the mobile e-commerce movement does so at its own peril. The smartphone explosion has led to mobile wallets and contactless payments being adopted slowly but surely.
Developing countries are leading the way when it comes to becoming cashless and they have taken to the mobile phone to transfer funds like no other device. A few of the factors responsible for widespread adoption of mobile payments include efficiency, cost-effectiveness, usability, transaction security and interoperability. Even though credit and debit cards currently enjoy a higher rate of usage, the advent of mobile payment Apps and other contactless payments should ensure that they become the go-to-solution for all kinds of payment needs in the future.
As retailers install new payment terminals to enable contactless payment, this will go a long way in solving logistical constraints. With the introduction of Apple Pay, Samsung Pay and Android Pay, the millennial generation is at the forefront of adopting new technology by embracing mobile payments. With this seismic shift in payment methods, it is logical to assume that even older generations will follow millennials and take to mobile payments in retail.
Adopting and enabling mobile payments allows companies to invest in newer technology that is far more user-friendly and intuitive. Consumers would also be happy to use these services that would make their daily lives immeasurably easier. A smartphone is a gadget that is more of a necessity than a luxury in the 21st century and companies have not been blind to this.
They are well-aware that their customers are using their mobile for anything and everything and therefore, mobile payments would be the next logical step in the journey towards a cashless economy. Mobile contactless payments are quickly becoming the new normal method to pay retailers as the need to visit an ATM to withdraw cash is eliminated.
The global Consumer Mobile Payments market is valued at xx million in 2017 and is expected to reach xx million by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Consumer Mobile Payments.Europe also play important roles in global market, with market size of xx million in 2017 and will be xx million in 2023, with a CAGR of xx%.
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Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Remote
Proximity
Market Segment by Applications, can be divided into
Retail
Hospitality & Tourism
IT & Telecommunication
BFSI
Media & Entertainment
Healthcare
Airline
Others
Table of Contents
1 Consumer Mobile Payments Market Overview
2 Manufacturers Profiles
3 Global Consumer Mobile Payments Market Competition, by Players
4 Global Consumer Mobile Payments Market Size by Regions
5 North America Consumer Mobile Payments Revenue by Countries
6 Europe Consumer Mobile Payments Revenue by Countries
7 Asia-Pacific Consumer Mobile Payments Revenue by Countries
8 South America Consumer Mobile Payments Revenue by Countries
9 Middle East and Africa Revenue Consumer Mobile Payments by Countries
10 Global Consumer Mobile Payments Market Segment by Type
11 Global Consumer Mobile Payments Market Segment by Application
12 Global Consumer Mobile Payments Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
Complete report at https://www.marketstudyreport.com/reports/global-consumer-mobile-payments-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023
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