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techfuturemrfr · 4 years ago

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Global Mobile Money Industry Size, Global Leading Growth Drivers,Emerging Audience,Market Segments,Sales,Profits and Regional Study

Market Scope

The global mobile money market size can touch USD 99 billion by 2023. It can display a CAGR of 31% during the forecast period. The huge penetration rate of smartphones and opportunities in micropayments and data based financial services can bode well for the market. Efficiency of mobile wallets and its high transaction rate can develop mobile money technology. Moreover, the ease in conducting financial transactions and use of modes such as UPI, smart cards, QR codes can favor the market demand greatly.

The rapid pace of online shopping due to ecommerce websites as well as discounts on products for attracting customers can drive the download rate of mobile money applications. Adoption of mobile payments by physical stores and rise of proximity payments can drive the market growth. Push towards cashless payments amid the COVID-19 pandemic is expected to benefit mobile payment developers. Recently, PayTM and AGTech Holdings have decided to collaborate on development of interactive games and other modes of entertainment for keeping customers engaged on mobile applications. Moreover, the introduction of blockchain for securing financial transactions can facilitate market growth.

However, regulations on online payment can restrain market growth.

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Segmentation

By the nature of payment, the mobile money market is segmented into P2P, P2B, B2P, and B2B. Domestic P2P continues to be the leader in terms of market share in this segment.

By transaction mode, the mobile money market is segmented into SMS, mobile banking, mobile applications, smart card/NFC, and others.

By financial service, the global mobile money market is segmented into mobile money, mobile credit, mobile savings, and mobile insurance.

By industry vertical, the global money market is segmented into BFSI, media & entertainment, travel & hospitality, web services, retail, and healthcare among others. The retail segment is expected to lead in revenues due to the use of mobile wallet applications for purchase of goods. Low processing charges, faster checkouts, and less lines can favor the market over the forecast period.

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ehteshamp · 5 years ago

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Mobile Payment Technologies Market Analysis, Future Plans, Technological Advancement, Target Audience, Growth Prospects, Application, Solutions, Developments Status, Technology, Segmentation, Trends, Business Opportunities 2018-2023

Market Highlights

Global Mobile Payment Technologies market was valued at USD 37 billion in 2017 and is estimated to reach market value of USD 87-88 billion by 2023 growing with 16-17% CAGR during forecast period 2018-2023. Development in digital technology, increasing adoption rate of smartphones and internet on mobile, investment by non-banking institutions in the payment system, and dynamic consumer market are some of the prime factors which are driving the market of mobile payment technology globally. However, lack of cross-border payment standards is expected to hinder the market growth in coming years. Whereas, development in 5G network, introducing artificial intelligence technology in digital payments are expected to build fruitful opportunity for the growth of the market. On the other hand, increasing cyber-attacks is one of the major challenges faced by the market.

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Key Players:

Google

PayPal

Fiserv

First Data

Worldpay

Paytm

Wirecard

Novatti

ACI worldwide

Global Payments

BlueSnap

PayU

Dwolla

Stripe

Six Payment Services

Paysafe

Segmentation:

Market Research Future (MRFR) has segmented the Mobile Payment Technologies market into solutions, deployment mode, organization size, vertical and region.

By solution, the market is segmented into point-of sale (PoS) solutions, in-store payments, and remote payments. By PoS solutions, the market is further bifurcated into near-field communication (NFC) payments, sound-wave based payments, and Magnetic secure transmission (MST) payments. In-store payments solutions are further sub-segmented into mobile wallets, and Quick response (QR) code payments. And, remote payments are classified into Internet payments, SMS payments, Direct carrier billing, and Mobile banking. Among these, point-of sale (PoS) solutions such as NFC, and MST payments are dominating the market due to growing market of IoT-enabled technology and increasing adoption of cloud-based solutions by enterprises, followed by in-store payments.

By deployment, the market is divided into On-premise, on-cloud and hybrid. Among these, on-premise deployment of mobile payment solutions is dominating the market due to its ease of use. Whereas, due to increasing adoption of cloud-based services, on-cloud deployment of payment solutions is projected to grow with fastest growing CAGR. However, security issues associated with On-cloud solutions is one of the major challenges for this market and is expected to hinder the market adoption rate of on-cloud solutions.

By organization size, the market is sub-divided into SMEs and Large enterprises. Among these, large enterprises are leading the market. Whereas, SMEs are expected to grow with fastest growing CAGR due to increasing adoption of digital payment solutions supported by government initiatives to promote digital payments in countries such as India, Australia, and Germany.

By vertical, the market is sub-segmented into BFSI, IT & Telecommunication, Retail & E-commerce, Media & Entertainment among others. Among these, BFSI is dominating the market due to increasing adoption of digital payments solutions by them. Also, increasing adoption of mobile wallets across geographies is propelling the adoption of mobile based payment technologies by banks and financial sectors. Whereas, retail & ecommerce mobile payment technologies market is projected to gain highest CAGR during the forecast period as increasing adoption of smartphones for money transactions is propelling the adoption of PoS solutions by retail outlets and e-commerce.

Regional Analysis:

The market for Semiconductor IP market is estimated to grow at a significant rate during the forecast period 2018 to 2023. The geographical analysis of Mobile Payment Technologies market is studied for North America (U.S, Canada, and Mexico), Europe (Germany, U.K, France, Russia, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, South Korea and Rest of Asia-Pacifc), and the Rest Of The World (including the Middle East & Africa, and South America).

Currently, North America is a leading market in Mobile Payment Technologies. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. Government regulations in key countries such as US, and Canada, designed for the benefit and development of digital payment have benefitted the market in the region. Advancements in technologies such as IoT, AI and cloud computing offer opportunities for the development of mobile payment technologies in the region. Further, mobile PoS is projected to grow with highest CAGR in North America digital commerce market by 2023. US among countries is the leading market, whereas, Canada mobile payment market is projected to witness high growth in the coming years due to increasing adoption rate of contactless payment options by banks and enterprises.

Asia-Pacific is second-leading Mobile Payment Technologies market and is also projected to grow with fastest growing CAGR. Increasing adoption of smartphones, increasing penetration of e-commerce giants such as Google Pay, Samsung Pay, Paytm, government support for digitization, and development in network technologies such as 4G, and 5G, are the prime factors behind the growth of the market. China is the leading market whereas, India, followed by Singapore and Australia are projected to register highest growth rate in the coming years. “Digital India” campaign is one of the major moves by the Government of India to promote mobile based payments in the country. Banking cards, Aadhaar Enabled Payment System (AEPS), UPI, mobile wallets, PoS, Internet Banking, and Bharat Interface for Money (BHIM) app are some of the popular mobile payment methods in India.

Europe is also projected to show significant growth in the coming future. High growth of e-commerce sector and increasing adoption of PoS solutions (including cards as well as NFC) by merchants such as restaurants, supermarkets, food & beverage, and entertainment sector are the major driving factors for the growth of the market. However, security concerns raised by the people is expected to hinder the market growth in coming years.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/mobile-payment-technologies-market-7367

List of Tables

Table 1 Mobile Payment Technologies Market, By Region, 2018–2023

Table 2 North America: Mobile Payment Technologies Market, By Country, 2018–2023

Table 3 Europe: Mobile Payment Technologies Market, By Country, 2018–2023

Table 4 Asia-Pacific: Mobile Payment Technologies Market, By Country, 2018–2023

Table 5 Rest Of The World: Mobile Payment Technologies Market, By Region, 2018–2023

Table 6 North America: Mobile Payment Technologies Solutions Market, By Country, 2018–2023

Table 7 Europe: Mobile Payment Technologies Solutions Market, By Country, 2018–2023

Table 8 Asia-Pacific: Mobile Payment Technologies Solutions Market, By Country, 2018–2023

Table 9 Rest Of The World: Mobile Payment Technologies Solutions Market, By Region, 2018–2023

Table 10 Global Mobile Payment Technologies Solutions Market, By Region, 2018–2023

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marketrf39-blr-blog · 6 years ago

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Mobile Payment Technologies Market Overview, Growth, Opportunities and Development 2023

The report on the global Mobile Payment Technologies market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Market Highlights:

Development in technologies such as IoT, cloud, artificial intelligence, and big data, supported by growth in e-commerce sector, has revolutionized payment options or methods globally. Increasing adoption of smartphones, tablets, and other smart handheld devices, changing payment options which include the growing use of debit cards, credit cards, and other digital payment wallets, and government support in the development of high-speed networks such as 3G, 4G, and 5G are some of the major factors driving the digital payments market globally.

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Major Key players

Google,

PayPal,

Fiserv,

First Data,

Worldpay,

Paytm,

Wirecard,

Novatti,

ACI worldwide,

global payments,

BlueSnap,

PayU, Dwolla, Stripe, Six Payment services, and Paysafe among others

According to MRFR, Mobile Payment Technologies market was valued at USD 37 billion in 2017 and is estimated to reach market value of USD 87-88 billion by 2023 growing with 16-17% CAGR during forecast period 2018-2023

Segmentation:

The global Mobile Payment Technologies market is segmented into solutions, deployment mode, organization size, vertical, and region.

By solutions, the market is sub-segmented into point-of sale (PoS) solutions, in-store payments, and remote payments. By PoS solutions, the market is further bifurcated into near-field communication (NFC) payments, sound-wave based payments, and Magnetic secure transmission (MST) payments. In-store payments solutions are further sub-segmented into mobile wallets, and Quick response (QR) code payments. And, remote payments are classified into Internet payments, SMS payments, Direct carrier billing, and Mobile banking.

By deployment, the market is segmented into on-premise, on-cloud and hybrid.

By organization size, the market is sub-segmented into SMEs and large enterprises

By vertical, the market is classified into BFSI, IT & Telecommunication, Retail & E-commerce, Media & Entertainment among others.

By region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world.

Regional analysis

Browse Complete Report @ https://www.marketresearchfuture.com/reports/mobile-payment-technologies-market-7367

Intended Audience

Mobile Payment Solution and service providers

Government

Financial Institutes

PoS device manufacturers

Software developers

Credit/Debit/Smart card vendors

LIST OF TABLES

Table 1 Mobile Payment Technologies market, by Region, 2018–2023

Table 2 North America: Mobile Payment Technologies market, by Country, 2018–2023

Table 3 Europe: Mobile Payment Technologies market, by Country, 2018–2023

Table 4 Asia-Pacific: Mobile Payment Technologies market, by Country, 2018–2023

Table 5 Rest of the World: Mobile Payment Technologies market, by Region, 2018–2023

Continued……

LIST OF FIGURES

FIGURE 1 Global Mobile Payment Technologies market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Mobile Payment Technologies market

FIGURE 4 Value Chain/supply chain of Global Mobile Payment Technologies market

Continued……

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Contact:,

Market Research Future

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Email: [email protected]

#Mobile Payment Technologies Market

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marketresearchreports07-blog · 6 years ago

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Digital Payment Systems Market Outlook 2018 – Growth Drivers, Opportunities and Forecast Analysis to 2025

Indian payments industry is largely dominated by cash-based transactions. The banking industry in the country was majorly branch-based till 2014. Later, there was a considerable growth in the branch-less channels of banking, which has further explored into digital payments in both rural and urban regions. Indian digital payments industry is expected to reach $700 billion by 2022 in terms of value of transactions.

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It is expected that more than 80% of the urban population in India will adopt digital payments as a part of their routine by 2022, and 70% of the retail chains will adopt the same. The reduced transaction charges and the degree of ease of cash transfers associated with the electronic fund transfers and mobile banking will further drive the growth of digital payment systems in India. Also, the Indian Government is bringing positive policy framework such as Goods and Services Tax (GST), financial inclusion, improving digital infrastructure, launching payment systems such as aadhar enabled payments, UPI, and others which are supporting the digital payments industry. In 2016, Indian Government made a significant move, i.e. demonetization, to curb black money circulation within the country and to increase digital payment penetration. It is a phenomenal step made by India towards improving cashless economy, resulting in sharp increase of several digital payment channels in the country.

Market Analysis

According to Infoholic Research, the “Digital Payment Systems Market in India” market will witness a CAGR of 58.90% during the forecast period FY2017–FY2023. The market is segmented by digital payment system types and regions. The digital payment system types include mobile wallets, internet banking, mobile banking, PoS, and others. The regions covered in the report are urban and rural regions; currently, urban region segment holds the major market share followed by rural segment.

Digital Payment System: Mobile Wallets Analysis

Mobile Wallets; India’s mobile wallet ecosystem is yet to be competitive, however major e-commerce and telecom companies are fuelling this industry through business expansion. Also, a strong regulatory support is yet to come into force for the exponential growth of digital payments ecosystem in India.

The changing customer behavior, increasing internet penetration rate, and government policies are fueling the industry which is indirectly supported by the growing demand for P2P payments, e-commerce platforms, utility bill payments, and others. The development of digital infrastructure in India stands out by providing a strong technological ecosystem for the digital payments industry.

Key players

Some of the leading companies covered in the ‘Digital Payment Systems Market in India’ report are Paytm, MobiKwik, PayUmoney, Airtel Money, Vodafone Mpesa, Idea Money, Stank Bank Buddy, HDFC Bank PayZapp, ICICI Bank Pockets, Axis Bank LIME, Freecharge, PhonePe, Samsung Pay, and others

The report gives insights about various modes of electronic fund transfer – Mobile Banking, Digital Payment Methods, Mobile Wallets, Payment Banks, and others.

Benefits

The study offers a comprehensive analysis of the “Digital Payment Systems market in India”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

View Detailed Report at https://www.wiseguyreports.com/reports/1568669-digital-payment-systems-market-in-india-drivers-opportunities-trends-and-forecasts

Table of Contents

1 Industry Outlook

2 Report Outline

3 Market Outlook

4 Market Characteristics

5 Payment Banks in India

6 Types of Payment Channel: Outlook

7 Digital Payment System Types: Market Size & Analysis

8 Mobile Wallets: Market Size & Analysis

9 Regions: Market Size & Analysis

10 Competitive Landscape

About Us:

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

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#Digital Payment Systems Market #Digital Payment Systems Market 2018 #Digital Payment Systems Market Growth

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techfuturemrfr · 4 years ago

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Global Mobile Money Industry Trends, Depth Research on Market Dynamics, Emerging Growth Factors, Investment Feasibility, Huge Growth till 2027

Market Scope

However, regulations on online payment can restrain market growth.

Get Free Sample Copy Report @ https://www.marketresearchfuture.com/press-release/mobile-money-market

Segmentation

By the nature of payment, the mobile money market is segmented into P2P, P2B, B2P, and B2B. Domestic P2P continues to be the leader in terms of market share in this segment.

By transaction mode, the mobile money market is segmented into SMS, mobile banking, mobile applications, smart card/NFC, and others.

By financial service, the global mobile money market is segmented into mobile money, mobile credit, mobile savings, and mobile insurance.

Regional Analysis

Asia Pacific (APAC) held the largest market share due to presence of mobile payment solution providers and leading market players such as Alipay. China and India are the biggest contributors to the region. Penetration of mobile phones and supportive infrastructure via QR codes can drive the demand for mobile money. Adoption of ecommerce applications and utilization of electronic payments can provide new opportunities to the market.

North America can also capture a sizeable share of the global mobile money market owing to adoption of smartphones and need for payment gateways. Introduction of NFC and point-of-sale terminals for transfer of funds can drive the demand in the region. In addition, collaboration of mobile wallet developers with banks and payment service vendors can augur favorably for the market.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/mobile-money-market-1052

About Market Research Future:

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]

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