Mobile Payments Market is expected to see growth rate of 23.6% and may see market size of USD3885.15 Billion by 2024

Latest Research Study on Global Mobile Payments Market published by AMA, offers a detailed overview of the factors influencing the global business scope. Mobile Payments Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Mobile Payments. This Report also covers the emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers are Apple (United States), Google (United States), PayPal (United States), Mastercard (United States), One97 Communications (Paytm) (India), Bharti Airtel (India), Vodafone (United Kingdom), Orange S.A. (France), Samsung Pay (South Korea), Verifone (United States), Square, Inc. (United States) and Alipay (China).

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In recent years mobile payment has top priority in the financial industry and risen tremendously, particularly in the millennial and generation Z group across the world. Mobile payments have the potential to significantly change the consumer’s preferences to pay for goods and services. The recent adoption of Near Field Communication (NFC) technology to the payment industry is one of the major driving agents in the growth of the mobile payment market. In emerging economies includes India, China and Brazil with high penetration of smartphone and low banking services, mobile payment are getting a better opportunity in these geographic regions. According to AMA, the Global Mobile Payments market is expected to see growth rate of 23.6% and may see market size of USD3885.15 Billion by 2024.

Market Trend
• Increasing Collaboration with Payment Networks and Mobile Operators to Enhance Mobile Payment Solutions
• Mobile Payment Companies Attract and Offers Various Cashback Features to their Users

Market Drivers
• The Growth in the Number of Smartphones and Internet Users Worldwide
• Rising E-Commerce Industry and High-Speed Cellular Networks in Developing Economies
• Surging Adoption of Data Analysis Tools and Big Data analytics by Vendors to Customize their Offerings

Opportunities
• Numerous Government Encouraging Banks to Build Digital Infrastructure to Enable Safe and Secure Mobile Payments
• Increasing Use of Digital Payment in Specifically in Developing Economies

Restraints
• Prevailing Data Security Apprehensions
• Lack of Proper Network Coverage in Rural Area in Developing Economies
• Lack of Global Standards for Cross-Border Payments

Challenges
• Lack of Awareness and Low Adoption of Mobile Payment Technology
• Diversified Regulations and Policies Present Across Regions

The Global Mobile Payments Market segments and Market Data Break Down are illuminated below:
by Type (Mobile wallet/Bank cards, Mobile money), Application (Retail, BFSI, Telecom and IT, Media and Entertainment, Healthcare, Travel and Hospitality, Transportation and Logistics, Energy and Utilities, Others), Nature of Payment Type (Person to Person, Person to Business, Business to Person, Business to Business), Payment Mode (NFC/Smart card, Direct mobile billing, Mobile web/WAP payments, Mobile apps, IVRS, Others (Wi-Fi, QR codes, and STK/USSD)), Location of Payments (Remote payments, Proximity payments)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Mobile Payments Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Mobile Payments market
Chapter 2: Exclusive Summary – the basic information of the Mobile Payments Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Mobile Payments
Chapter 4: Presenting the Mobile Payments Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Mobile Payments market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Mobile Payments Market is a valuable source of guidance for individuals and companies in their decision framework.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Mobile Payments Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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• Supporting company financial and cash flow planning
• Latest industry influencing trends and development scenario
• Open up New Markets
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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