Mobile Payments Market, By Purchase (Airtime Transfer and Top-Ups, Money Transfers and Payments, Merchandise and Coupons, Travel and Ticketing, and Digital Products), By Type (Proximity Payment (Near Field Communication (NFC) and QR Code Payment) and Remote Payment (SMS-Based, USSD/STK, Direct Operator Billing (Credit/Debit Card-Based), and Digital Wallet)), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI45619 | Publish Date: May 2023 | No. of Pages: 165

Global Mobile Payments Market By Overview

Mobile Payments Market is referred as m-payment, mobile money, mobile money transfer, and mobile wallet.  Mobile payment uses mobile phone or mobile device, online, to provide information electronically to make a payment instead of paying through cash, checks, and physical credit cards. Common types of mobile payment are near field communication, mobile web payments, QR code, mobile text payment, and direct mobile billing.

Increasing adoption of mobile payment instead of paying via cash, checks, and physical credit is major factor driving growth of the global mobile payment market. In addition, advantages of mobile payment such as, delivering convenience, retaining customers, and improving sales in turn increases demand for mobile payment that is expected to fuel growth of the target market. Furthermore, mobile payment is less expensive than a credit card payment system, coupled with governments’ initiative to boost financial inclusion is another factor that propels growth of the target market. However, growing concerns regarding security is factor that is expected to restrain growth of the global mobile payment market.

Global mobile payment market has been segmented into purchase, type, and region. On the basis of purchase, the target market is categorized into airtime transfer and top-ups, money transfers and payments, merchandise and coupons, travel and ticketing, and digital products. On the basis of basis type, the global mobile payment market is bifurcated into proximity payment and remote payment. Proximity payment sub-segment is classified into near field communication and QR code payment. Remote payment sub-segment is divided into sms-based, USSD/STK, direct operator billing (credit/debit card-based), and digital wallet.

On the basis of region, the global mobile payment market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

The market in North America is expected to account for major revenue share as compared to that of other regions. This can be attributed to increasing adoption and high internet penetration in the countries of the region. Asia Pacific mobile payment market is expected to account for highest revenue share in global mobile payment market, owing to growing adoption of smart appliances such as smartphones and its banking and financial segment in countries of the region.

Key players operating in the global mobile payment market includes MasterCard International Inc., Visa, Inc., American Express, Co., Boku, Inc., Fortumo OU, PayPal, Inc., Bharti Airtel Ltd., Vodafone Ltd., AT & T, Inc., Google, Inc., Apple, Inc., Tencent, Ant Financial Services Group, and Microsoft Corporation.

Global Mobile Payments Market By Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Purchase
      • Market Snippet, By Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Recent Approvals
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Global Mobile Payments Market, By Purchase, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Airtime Transfer and Top-Ups
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Money Transfers and Payments
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Merchandise and Coupons
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Travel and Ticketing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Digital Products
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Mobile Payments Market, By Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Proximity Payment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
        • Near Field Communication (NFC)
        • QR Code Payment
    • Remote Payment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
        • SMS-Based
        • USSD/STK
        • Direct Operator Billing
          • Credit/Debit Card-Based
    • Digital Wallet
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Mobile Payments Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Purchase, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Purchase, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Switzerland
        • Sweden
        • Rest of Europe           
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Purchase, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Australia & New Zealand
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Purchase, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Argentina and Chile
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast (US$ Mn), By Purchase, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast (US$ Mn), By Purchase, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • MasterCard International Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Visa, Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • American Express, Co
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Boku, Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • PayPal, Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Bharti Airtel Ltd
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Vodafone Ltd
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • AT & T, Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Google, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Apple, Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Qualcomm, Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Tencent
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Ant Financial Services Group
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Microsoft Corporation.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
    • Analyst Views
  8. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The Mobile Payments Market is segmented into purchase, type, and region.

Increasing demand for convenient and contactless transactions, emphasis on digital financial inclusion, and the adoption of mobile payment solutions for everyday transactions drive the growth of the mobile payments market globally.

Challenges include potential security concerns, varying levels of digital infrastructure, and the need for widespread user education and adoption, posing global restraints in the mobile payments market.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, MasterCard International Inc., Visa, Inc., American Express, Co., Boku, Inc., Fortumo OU, PayPal, Inc., Bharti Airtel Ltd., Vodafone Ltd., AT & T, Inc., Google, Inc., Apple, Inc., Tencent, Ant Financial Services Group, and Microsoft Corporation and others.