The Future of Consumer Mobile Payments Market to Boom Over the Forecast 2019-2025: Key Leaders: Visa, Apple, MasterCard, PayPal, Fiserv, Apple, Square, ACI Worldwide, etc

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.

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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.

In 2018, the global Consumer Mobile Payments market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Consumer Mobile Payments status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Consumer Mobile Payments development in United States, Europe and China.

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The key players covered in this study
• ACI Worldwide
• Alphabet
• Samsung Electronics
• DH
• Fidelity National Information Services
• Fiserv
• Jack Henry & Associates
• MasterCard
• PayPal Holdings
• Square
• Visa
• Apple

Market segment by Type, the product can be split into
• Remote
• Proximity

Market segment by Application, split into
• Retail
• Hospitality & Tourism
• IT & Telecommunication
• BFSI
• Media & Entertainment
• Healthcare
• Airline
• Others

Market segment by Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America

Some Point from Table of Content:

Chapter One: Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Consumer Mobile Payments Market Size Growth Rate by Type (2014-2025)
1.4.2 Remote
1.4.3 Proximity
1.5 Market by Application
1.5.1 Global Consumer Mobile Payments Market Share by Application (2014-2025)
1.5.2 Retail
1.5.3 Hospitality & Tourism
1.5.4 IT & Telecommunication
1.5.5 BFSI
1.5.6 Media & Entertainment
1.5.7 Healthcare
1.5.8 Airline
1.5.9 Others
1.6 Study Objectives
1.7 Years Considered

Chapter Two: Global Growth Trends
2.1 Consumer Mobile Payments Market Size
2.2 Consumer Mobile Payments Growth Trends by Regions
2.2.1 Consumer Mobile Payments Market Size by Regions (2014-2025)
2.2.2 Consumer Mobile Payments Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

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