M-commerce Payment in Growth Zones: High-Potential Segments' Share Projections

The new report published by The Business Research Company, titled "M-commerce Payment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the m-commerce payment market size has grown exponentially in recent years. It will grow from $9.84 billion in 2023 to $13.63 billion in 2024 at a compound annual growth rate (CAGR) of 38.5%. The m-commerce payment market size is expected to see exponential growth in the next few years. It will grow to $52.31 billion in 2028 at a compound annual growth rate (CAGR) of 40.0%.

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Rising Mobile And Internet Penetration Fuels M-Commerce Payment Market Growth
The increasing mobile and internet penetration is expected to propel the growth of the m-commerce payment market. M-commerce payment is the use of wireless handheld devices like mobile phones and tablets to conduct commercial transactions online, including the purchase and sale of products, online banking, and paying bills. The increasing internet access and penetration allow more people to access m-commerce services, driving the market. According to Data Reportal, a Singapore-based business intelligence company, as of October 2021, 4.88 billion people (almost 62%) in the world are using the internet. According to forecasts from Ericsson and The Radicati Group, the number of smartphone users is expected to increase from 6.05 billion in 2020 to nearly 7.33 billion by 2025. Therefore, increasing mobile and internet penetration is driving the m-commerce payment market growth.

Digital Wallets Gain Traction In The M-Commerce Payment Market
The use of digital wallets is a key trend gaining popularity in the m-commerce payment market. Digital wallets are a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly. For instance, in 2021, India-based mobility solutions company, Comviva, launched its next generation digital wallet and payment platform, mobiquity Pay X. The new platform significantly strengthens security with robust authentication and authorization modules and powers over 70 digital wallets and payment services.

The m-commerce payment market covered in this report is segmented -

1) By Payment Method: Near Field Communication, Premium SMS, Wireless Application Protocol, Direct Carrier Billing
2) By Mode of Transaction: Mobile Retailing, Mobile Booking or Ticketing, Mobile Banking, Mobile Billing
3) By End-use Industry: Retail, Hospitality And Tourism, IT And Telecommunication, BFSI, Media And Entertainment, Healthcare, Airline

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Major companies operating in the m-commerce payment market report are ACI Worldwide Inc., Alphabet Inc., Bharat Interface for Money, Fidelity National Information Services (FIS), Fiserv Inc., Freecharge, Mastercard Inc., MobiKwik, Orange S. A, PayPal Holdings Inc., PayU, Samsung Group, Square Inc., Visa Inc., Alibaba Group, American Express Company, Apple Inc., UnionPay, DH Corporation (D+H now part of Finastra), Discover Financial Services LLC, Ingenico SA, Jack Henry & Associates Inc., Tencent Holdings Ltd., Boku Inc., Telefonaktiebolaget LM Ericsson, Thales Group, International Business Machines Corporation (IBM), Oxygen8 Solutions Inc., SAP SE, BlueSnap Inc., Global Payments Inc., Klarna Bank AB, Payoneer Global Inc., Paysafe Limited, Stripe Inc.

Contents of the report:
1. Executive Summary
2. M-commerce Payment Market Report Structure
3. M-commerce Payment Market Trends And Strategies
4. M-commerce Payment Market - Macro Economic Scenario
5. M-commerce Payment Market Size And Growth
…..
27. M-commerce Payment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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