M-Commerce Payments Market Recent Technological Changes and Key Business Insights Upto 2027 (Key Players: Google LLC, Samsung Group, Amazon.com Inc., Apple Inc., PayPal Inc., MasterCard PLC, Visa Inc., American Express Co., Mahindra ComViva, Orange SA, Te

With the rapidly increasing global economy, mobile phones (especially smartphones) have become an essential commodity for an individual. Similarly, the internet has also become part and parcel of life for many people. This has increased the penetration of smartphones and internet users all over the world driving the growth of the mobile payment market.

The companies are rigorously investing in mobile payment technology, owing to significant growth in the industry. For instance, in the Indian market, WhatsApp is working with ICICI bank to introduce mobile payment feature through UPI(unified payments interface). Many governments are also encouraging banks to build infrastructure to enable safe and secure mobile payments in rural areas, which is a massive opportunity for vendors. Closing the gap between the awareness and adoption of this technology is considered as a major challenge for this industry.

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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 utilised for diverse operations, including ordering takeaway food, movie tickets, and smartphone game upgrade across many end-user industries.

The Asia-Pacific is increasingly becoming popular for the adoption of its electronic payment models. Countries, like India, Japan, China, and Australia, are providing a stable ecosystem for the growth of the mobile payment market. In India, the recent demonetisation act has brought widespread awareness about other modes of payment other than cash (which is a major medium of the transaction all over the Asia-Pacific). According to Visa Inc., the company has crossed more than 20 million contact less cards in 2018 in India. The company also reveals that the contact less payment method and QR transactions make more than 25% of the transactions processed by Visa in India.

The mobile payments market is moving toward a fragmented state due to the increasing prominence and ease of use of mobile payments and entry of new players in this prospering market. Some of the key players in the market are Google LLC, Samsung Group, Amazon.com Inc., Apple Inc., PayPal Inc., MasterCard PLC, Visa Inc., American Express Co., Mahindra ComViva, Orange SA, Tencent Holdings Ltd, Alipay.com Co. Ltd.

This Global M-Commerce Payments report 2027 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europe, North America, China, Japan, Southeast Asia and etc. Data type include capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export and etc. Industry chain, manufacturing process, cost structure, marketing channel are also analysed in this report.

Market segment by Type, the product can be split into
Near Field Communication
Peer-to-peer Transfer
Barcode

Market segment by Application, M-Commerce Payments can be split into
Retail
IT and Telecommunication
Media and Entertainment
BFSI
Healthcare
Tourism and Hospitality
Other

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Table of Contents

1 M-Commerce Payments Service Market Overview
2 Manufacturers Profiles
3 Global M-Commerce Payments Service Market Competition, by Players
4 Global M-Commerce Payments Service Market Size by Regions
5 North America M-Commerce Payments Service Revenue by Countries
6 Europe M-Commerce Payments Service Revenue by Countries
7 Asia-Pacific M-Commerce Payments Service Revenue by Countries
8 South America M-Commerce Payments Service Revenue by Countries
9 Middle East and Africa Revenue M-Commerce Payments Service by Countries
10 Global M-Commerce Payments Service Market Segment by Type
11 Global M-Commerce Payments Service Market Segment by Application
12 Global M-Commerce Payments Service Market Size Forecast 2027
13 Research Findings and Conclusion

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