Press release
Mobile Payment Transaction Service Market will hit at a CAGR of 19.2% by 2025
The mobile payment transaction service is an integrated system linked by various components of the value chain which typically includes the merchant, the consumer, the financial institution involved and not to forget the payment gateway and the telecom network. The Global Mobile Payment Transaction Service market is categorized on the basis technology, purpose and region. On the basis of technology, the market is segmented as WAP/WEB, SMS, NFC, and USSD. The NFC sub segment is anticipated to register a CAGR of 24.2% during the forecast period.
Request to View Sample of Research Report @ https://www.persistencemarketresearch.com/samples/19108
On the basis of purpose segment, the market is segmented into Air time top ups, Bill Payment, Merchandise Purchase, Money Transfer, Ticketing, and Others. The Money Transfer segment accounted for a market share of 25.7% in 2016. Moreover, increasing adoption of mobile money services across financial institutions and other vendors globally is likely to contribute primarily to the growth of the segment in the global market in the coming years.
This report also covers drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of the global Mobile Payment Transaction Service market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, Asia Pacific accounted for the largest market share in 2016 owing to a growing need of Mobile Payment Transaction Service due to increase in internet penetration in different countries in the region. Also, demand for Mobile Payment Transaction Service is increasing in the leading markets of North America and Europe.
Key competitors featured in the global Mobile Payment Transaction Service market report include: PayPal Inc., Mastercard, Google Inc., Visa Inc., Skrill Limited (Moneybookers), Worldpay, Apple Inc., and LevelUp.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mobile Payment Transaction Service Market will hit at a CAGR of 19.2% by 2025 here
News-ID: 999546 • Views: …
More Releases from Persistence Market Research
Automotive Refinish Coatings Market to Reach US$ 21.1 Bn by 2032, Says Persisten …
The automotive industry extends far beyond original vehicle manufacturing. A vast and dynamic aftermarket ecosystem supports repair, maintenance, and customization throughout a vehicle's lifecycle. At the center of this ecosystem lies the automotive refinish coatings market, which supplies specialized paints and coatings used to restore vehicles after accidents, repair damaged surfaces, and enhance aesthetic appeal. Unlike original equipment manufacturer (OEM) coatings applied during production, refinish coatings are designed for post-manufacturing…
Electronics Adhesives Market to Reach US$ 8.1 Bn by 2032, Says Persistence Marke …
The global electronics industry is undergoing a rapid transformation driven by miniaturization, high-performance requirements, and the relentless pursuit of reliability. At the heart of this transformation lies a critical yet often overlooked component: electronics adhesives. These specialized bonding materials enable manufacturers to assemble increasingly complex electronic devices with greater precision, durability, and efficiency. As products become smaller, lighter, and more powerful, the role of adhesives has expanded beyond simple bonding…
Antimicrobial Additives Market Expected to Grow at 7.8% CAGR Between 2025 and 20 …
The antimicrobial additives market has evolved into a critical segment within the global specialty chemicals and materials landscape, driven by the growing need to control microbial contamination across healthcare, food packaging, construction, automotive, and consumer goods industries. Antimicrobial additives are incorporated into materials such as plastics, coatings, textiles, and papers to inhibit the growth of bacteria, fungi, and other microorganisms throughout a product's lifecycle. Their role has expanded beyond basic…
Smart Manufacturing Market Valued at US$394.4 Billion in 2025, Expected to Reach …
The smart manufacturing market represents a fundamental transformation in how goods are designed, produced, monitored, and delivered across global industries. It combines advanced digital technologies such as industrial Internet of Things (IIoT), artificial intelligence (AI), machine learning, robotics, cloud computing, digital twins, and advanced analytics to create highly connected, automated, and intelligent production environments. Unlike traditional manufacturing, smart manufacturing enables real-time decision-making, predictive maintenance, adaptive production planning, and end-to-end visibility…
More Releases for Payment
Evolving Market Trends In The Bitcoin Payment Ecosystem Industry: NFC-Enabled Cr …
The Bitcoin Payment Ecosystem Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Bitcoin Payment Ecosystem Market Size During the Forecast Period?
The market size of the Bitcoin payment ecosystem has seen swift acceleration in the past few years. Its growth is projected…
Payment Security Market : Increased Adoption of Digital Payment Modes Leading pl …
According to a recent report published by Allied Market Research, titled, "Payment Security Market by Component, Platform, Enterprise Size and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global payment security market size was valued at $17.64 billion in 2020, and is projected to reach $60.56 billion by 2030, growing at a CAGR of 13.2% from 2021 to 2030.
Download Free PDF Report Sample :
https://www.alliedmarketresearch.com/request-sample/10390
Payment security software is used…
Hosted Payment Gateway Segment dominates Payment Gateway Market - TechSci Resear …
Government initiatives towards digitization and surging popularity of digital payment to drive global payment gateway market through 2024
According to TechSci Research report, “Global Payment Gateway Market By Type, By Enterprise Size, By End-User, By Region, Competition, Forecast & Opportunities, 2024”, global payment gateway market is projected to grow at a CAGR of over 8% during 2019-2024, on account of increasing internet penetration, which is aiding growing demand for online transactions.…
Digital Payment Market by Component (Solutions (Payment Processing, Payment Gate …
Magarpatta SEZ, Pune, “ReportsnReports”, one of the world’s prominent market research firms has released a new report on Global Digital Payment Market. The report contains crucial insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Digital Payment Market to figure out and study market needs, market size, and competition. The report talks about the…
Digital Payment Market by Payment Gateway Solutions, Payment Wallet Solutions, P …
Digital Payment Market 2019-2025: In 2018, the global Digital Payment market size was xx million US$ and it is projected to surpass xx million US$ by the end of 2025, growing at a CAGR of 18.1% during 2019-2025.
Things Covered in Sample Report
> Deep Dive Strategy & Competition
> Deep Dive Data & Forecasting
> Executive Summary & Core Findings
Get a Quick Sample report at https://decisionmarketreports.com/request-sample?productID=1008739
The key players covered in…
Online Payment Gateway Market Analysis By 2028 | Amazon.com, Avenues India Pvt. …
Future Market Insights (FMI) has recently published a new research report on the online payment gateway market titled “Online Payment Gateway Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028).” The report states that the growing prevalence of third party payment processes is expected to have a positive impact on the growth of the global market. Websites have always been a good source for channel merchants for generating revenue. Concentrating…
