Press release
Mobile Payments Market: the developing economy is highly influenced by mobile card technology during 2015-2020
Scope and Regional Forecast of the Mobile Payments Market:
According to the IndustryARC research analysis studies on the Mobile Payments Market, online shopping, transactions, booking and money transfer applications is propelling the growth of mobile payment companies across the globe through 2020.
The market of Mobile Payments is leading in North and South America and it is likely to expand in future. Mobile Payments is gaining popularities owing to development of the communication technologies. The increase in usage of smartphones in the daily routine by the population will drive the Mobile Payments Market during 2015-2020.
In developed economies like America and Europe, mobile payments are opted for every aspect including transport, retail, entertainment and others. Developing countries are using mobile payments for peer to peer transactions but are forecast to utilize its usage for purchase of goods and bill payments. Moreover, numerous banks are initiating mobile payments technique that will accelerate the Mobile Payments Market through 2020.
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Segmentation and Key Players of the Mobile Payments Market:
The Mobile Payments Market is segmented into various categories in the IndustryARC marketing research report by transaction type, by application and by geography.
By transaction type: Near Field Communication (NFC), Direct, WAP, SMS and USSD
By application: travel and ticketing, banking, merchandise, food and beverages, airtime and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Mobile Payments Market according to the IndustryARC research report are as follows:
• MasterCard Incorporated (U.S.)
• Google, Inc. (U.S.)
• FIS Mobile Inc. (U.S.)
• Orange S.A.(France)
• Gemalto N.V. (Netherlands)
The Mobile Payments Market is a rapidly growing market with increasing use of technology and rise in use of online shopping and other kind of payments using mobile devices across the globe. This market is expected to witness high growth due to the presence of many investors, increasing use of mobile wallet and mobile payment systems in various regions across the globe during 2015-2020.
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About IndustryARC:
IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
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