Press release
Remote Mobile Payment Market is Growing at CAGR of 44.90% till 2026 | Square, Mastercard, PayPal Holdings, Fidelity National Information Services, American Express, Fortumo, DH Corporation, Visa
Remote Mobile Payment Market
Mobile payments automate payment systems instead of paying with cash, cheque, or credit cards. The technological advancement in the smartphone has enabled on-the-go fund transfer and POS at retail terminals. Mobile payments of various types are utilized for diverse operations, including ordering takeaway food, movie tickets, and smartphone game upgrade across many end-user industries. Mobile payment technology market is segmented based on payment mode, technology, applications, and region. Payment mode segment is categorized into proximity payment and remote payment. NFC, QR code, WAP & card-based, digital wallet, banking app-based, SMS-based/DCB, and others [USSD/STK, MST, etc.]are the technology-based segmentation of the mobile payment technology market. The rise in NFC enabled smartphones is anticipated to boost the NFC segment growth and is likely to account for a substantial share towards mobile payment technology market.
Top Manufacturer Detail-
Samsung Electronics, Apple, ACI Worldwide, Alphabet, DH Corporation, Visa, Square, Mastercard Incorporated, PayPal Holdings, Fidelity National Information Services, American Express Co. Fortumo
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KEY PREMIUM INDUSTRY INSIGHTS
-The global remote mobile payment market is growing at a moderate to fast pace during the forecasted period mainly because of such as increasing number of smartphones, and growing trend of Internet of Things (IoT) technology.
-Government in various countries is promoting and encouraging the cashless transaction mode for payment, which is contributing towards the growth of the remote mobile payment market.
-The Remote mobile payment occurs when the retailer is far off, and a customer wishes to purchase goods via SMS text message or mobile website with their mobile phones. Remote mobile payment offers a secure and safe payment method. -The data security is precisely maintained and with advancement in technology the remote mobile payment option is also being developed further. ----The remote mobile payment technology is being used in various sectors such as retail, IT, telecommunications, hospitality, healthcare and many more.
Rising penetration of smartphones in both the developed and developing countries, emergence of near field communication and rising adoption of big data and Internet of Things are the substantial driving factors of the market during the forecast period. Moreover, rising government initiatives and technological innovations that has enabled real time authentication of personnel's is the factors that likely to create numerous opportunity in the near future.
Table of Contents
1 Market Definition
1.1 Market Segment Overview
1.2 by Type
1.3 by End-Use / Application
2 Global Market by Vendors
2.1 Market Share
2.2 Vendor Profile
2.3 Dynamic of Vendors
3 Global Market by Type
3.1 Market Share
3.2 Introduction of End-Use by Different Products
4 Global Market by End-Use / Application
4.1 Market Share
4.2 Overview of Consumption Characteristics
4.2.1 Preference Driven
4.2.2 Substitutability
4.2.3 Influence by Strategy
4.2.4 Professional Needs
5 Global Market by Regions
5.1 Market Share
5.2 Regional Market Growth
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 Middle East & Africa
8 Asia-Pacific Market
8.1 by Type
8.2 by End-Use / Application
8.3 by Regions
9 South America Market
9.1 by Type
9.2 by End-Use / Application
9.3 by Regions
10 Middle East & Africa Market
10.1 by Type
10.2 by End-Use / Application
10.3 by Regions
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