Key Influencer in the M-commerce Payment Market 2025: Rising Mobile And Internet Penetration Fuels M-Commerce Payment Market Growth Driver

What market dynamics are playing a key role in accelerating the growth of the m-commerce payment market?
The escalating usage of mobile devices and the internet is projected to stimulate the expansion of the m-commerce payment market. M-commerce payment involves the employment of wireless handheld gadgets such as smartphones and tablets to carry out online commercial transactions, encompassing buying and selling of products, online banking, and bill payments. This surge in internet accessibility and penetration enables greater numbers of individuals to utilise m-commerce services, propelling the market forward. To illustrate, a report from the International Telecommunication Union, a specialist agency based in Switzerland, stated in October 2023 that around 67 percent of the global population, equating to 5.4 billion individuals, are now connected online. This demonstrates a rise of 4.7 percent from 2022, an increase on the 3.5 percent growth identified between 2021 and 2022. Hence, the growing mobile and internet penetration is a major factor contributing to the rise in the m-commerce payment market.

Get Your M-commerce Payment Market Report Here:
https://www.thebusinessresearchcompany.com/report/m-commerce-payment-global-market-report

How will the growth rate of the m-commerce payment market shape industry trends by 2034?
In recent times, the M-commerce payment market has seen a significant upsurge in its size. It's projected to increase from $13.39 billion in 2024 to approximately $18.39 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 37.3%. The historic phase of growth has been primarily driven by factors such as the adoption of mobile internet, the introduction of secure payment technologies, the use of e-wallets and mobile apps, convenience, and an enhanced mobile user experience.

The market size of M-commerce payment is predicted to undergo rapid expansion in the forthcoming years, with forecasts suggesting it will reach a value of $75.09 billion in 2029, growing at an impressive compound annual growth rate (CAGR) of 42.2%. The predicted surge over this period is expected to be due to numerous factors including the rise of contactless payments, the use of biometric authentication and blockchain technology in mobile payments, the merging of artificial intelligence and machine learning, as well as the increased use of cryptocurrency payments. Key trends to watch over the forecast period are qr code payments, purchases made within apps, the integration of mobile banking, payments via wearable technology, and mobile peer-to-peer payments.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5863&type=smp

What trends are poised to drive the future success of the m-commerce payment market?
The adoption of digital wallets is a prominent trend witnessing traction in the m-commerce payment marketplace. Serving as a software-driven structure, digital wallets securely hold the payment details and password data of users for a wide array of payment procedures and website platforms. Leveraging a digital wallet enables users to execute purchases with ease and speed. For example, in March 2023, Paytm, a leading digital payments firm based in India, debuted an improved version of its payment interface utilizing completely home-grown technology. The intention behind this platform is to dramatically improve the user experience through heightened success rate, improved speed and top-notch security. This substantial overhaul of the payment platform via comprehensive indigenous development is expected to further propel the growth of digital payments in India.

Which primary segments of the m-commerce payment market are driving growth and industry transformations?
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

Subsegments:
1) By Near Field Communication (NFC): Contactless Payments, Mobile Wallets
2) By Premium SMS: One-Time Payments, Subscription Services
3) By Wireless Application Protocol (WAP): Mobile Web Payments, In-App Purchases
4) By Direct Carrier Billing: Digital Goods, Physical Goods

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5863

Which geographical regions are pioneering growth in the m-commerce payment market?
Asia-Pacific was the largest region in the m-commerce payment market in 2024.Asia-Pacific is expected to have the highest CAGR in m-commerce payment market share. The regions covered in the m-commerce payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the influential players reshaping the m-commerce payment market landscape?
Major companies operating in the m-commerce payment market include 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, Discover Financial Services LLC, Ingenico SA, Jack Henry & Associates Inc., Tencent Holdings Ltd., Boku Inc., 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.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=5863&type=smp

What Is Covered In The M-commerce Payment Global Market Report?

•Market Size Forecast: Examine the m-commerce payment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the m-commerce payment market for a structured understanding.
•Key Players Overview: Analyze major players in the m-commerce payment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the m-commerce payment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the m-commerce payment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the m-commerce payment market.
•Industry Challenges: Identify potential risks and obstacles affecting the m-commerce payment market.
•Competitive Landscape: Review strategic developments in the m-commerce payment market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.