Asia-Pacific Mobile Payments Market 2022 Strategic Assessments - Google LLC, Samsung Group, Amazon.com Inc, Paypal Inc, Mastercard PLC, Visa Inc

The Asia-Pacific Mobile Payments Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Asia-Pacific Mobile Payments market was valued at USD 710.11 billion in 2020 and is expected to reach USD 2841.32 billion by 2026, registering a CAGR of 26 % over the forecast period (2021-2026).

Get Free Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/02082593396/asia-pacific-mobile-payments-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=PD                                                        

Top Leading Companies of Asia-Pacific Mobile Payments Market are Google LLC, Samsung Group, Amazon.com Inc, Paypal Inc, Mastercard PLC, Visa Inc, American Express Co., Comviva Technologies Limited (A Tech Mahindra Company), WeChat (Tencent Holdings Limited), Alipay.com Co. Ltd (Ant Financial) and others.

Industry News and Updates

April 2020 - South Korean retail company, Shinsegae Group, enhanced its mobile payment service, SSGPay, by adding banking service. This will enable the customers to run different tasks in different banks in the platform. This will also help the company improve the customers in South Korea to order essentials online using their website, without facing payment issues, during the coronavirus crisis.

- January 2020 - Tencent collaborated with the government-owned company, UnionPay, and combined a part of its authentication software with it. This collaboration is expected to expand UnionPay's market penetration in the Chinese market and further support the Chinese government initiative for same-sector partnership.?

- January 2020 - Paytm launched QR Code System to accelerate multi-platform payments and enable retailers to accept payments from diverse sources, including mobile wallets, as well as by UPI. The company also recently raised USD 1 billion in funding.

Key Market Trends

India to be the Fastest Growing Adopters of Mobile Payments

- The Indian market has historically been dominated by cash, is rapidly evolving to meet the demands of digital payment culture, as a result of an increase of e-commerce and m-commerce culture, and cards and digital wallets rising in prominence. With the growth of various digital wallet companies in India, mobile payment is expected to increase.

- According to the Internet World Stats, India ranks second when it comes to the number of internet users globally. It comprises of approximately 560 million internet users in India, in 2019. This can be attributed to the availability of cheap smartphones, enhanced connectivity, and affordable services.

- Additionally, India's mobile payment market is also fueled by the government's policies that support electronic payments.

- The demonetization scheme announced by Prime Minister Narendra Modi, in 2016, led to a surge in the adoption of digital payments across the country. The government further bolstered cashless transactions through mobile devices by launching the BHIM application in 2016, based on the unified payment interface (UPI). The BHIM app registered about 913 million sales in FY 2018.

Regional Outlook of Asia-Pacific Mobile Payments Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/02082593396/asia-pacific-mobile-payments-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=PD                                                                

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Asia-Pacific Mobile Payments Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team (sales@marketinsightsreports.com).

Contact US:
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.