‘Financial Inclusion’ Dependent Upon Mobile Payments Market By Materials, By Product, By Preparation Method, By Application and By Geography Analysis - Forecast 2019 - 2024 www.industryarc.com
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‘Financial Inclusion’ Dependent Upon Mobile Payments Market 2019-2024
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Industry Market Research for Business Leaders, Strategists, Decision Makers
Press Release
According to the latest business intelligence report by IndustryARC on Mobile Payments market, the ongoing trend of financial inclusion has led the market size towards staggering $3.21 billion in 2018. As quoted by the analyst “With smartphones impacting consumer’s lifestyle from communication to entertainment, it is undertaking the financial inclusion process via mobile payments.” And, with several types of transactions such as Direct, WAP, SMS and USSD, equipping the consumers with desired and preferred options, the opportunities in the market are progressing with a global CAGR of 29.85% during the forecast period 2019-2025. This research study examines the current mobile payments market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an overall picture of the market. The analysis presents in-depth information regarding the industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been thoroughly covered to offer stakeholders a better understanding of the key factors affecting the overall market environment. The report is titled “Mobile Payments Market: By Transaction Types (Direct, WAP, SMS and USSD); By Applications (Travel & Ticketing, Banking and Others); By Geography – Forecast (2019 - 2025).”
Mobile Banking - The new front of BFSI Since myriad of services are available over the internet to be utilized and internet banking receiving the utmost penetration[PN2] with the advent of mobile banking, combined ticketing and banking services are estimated to be the fastest growing application segment opting for mobile payments. As per the analyst, this segment is gaining momentum through 2025 with a CAGR of 37.80%. Similarly, as per India Brand Equity Foundation (IBEF), 81% of existing digital payment users in India prefer digital and mobile medium for banking over other non-cash payment methods such as demand draft or cheque.[1] North America leveraging its existing IT infrastructure, and unparalleled growth of ecommerce platform. It is the most lucrative region for the market with a share of 34.18% in global demand in 2018. With majority of key players in North America such as PayPal and Microsoft, this region leads the innovative front with trial of novel technologies such as contactless payments and near filed communication.
Mobile Payments Market Growth Drivers and Trends: 1. Innovations such as bank to bank transfers via UPI, contactless payments, QR code payments, cloud-based mobile payments and security measures including biometric sign-ins and OTP are boosting the adoption of mobile payment services.
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2. The number of smartphone users across the globe is witnessing an unprecedented growth. According to GSMA (Global System for Mobile Communications), there will 700 million new [2]
mobile subscribers by 2025. . With brands like Xiomi and Samsung penetrating the budgetsegment devices, high number of consumers are opting for smartphones with mobile payments compatibility.
3. E-commerce market globally is disrupted by the advent of m-commerce (mobile commerce). It is a major factor impelling the growth of mobile payments market share as it is exclusively reliant on mobile phones for digital transactions. M-commerce is reducing the cash transaction by providing various offers and discounts to customers opting for mobile payments.
4. The trend of sanctioning loans from international financial institutions for ‘financial inclusion’ in developing economies is a disruptive trend for mobile payments market, as it provides funding for financial institutions to leverage novel innovation and adopt modern infrastructure. For instance, Pakistan Financial Inclusion and Infrastructure Project received an assistance of $130m by two World Bank institutions - Development and the International Development Association and International Bank for the Reconstruction.
Mobile Payments Market - Competitive Landscape Some of the key players operating in the global mobile payments market are Amazon, PayPal holdings, Inc., Alipay, Alphabet Inc., Microsoft Corporation, Boku, Inc., AT&T, Inc., MasterCard International, Inc., Visa, Inc., and American Express.
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Related Reports:
A. Contactless Payment Market https://industryarc.com/Report/16196/contactless-payment-market.html B. Digital Payment Market
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https://industryarc.com/Research/Digital-Payment-Market-Research-500591
What can you expect from the report? The Mobile Payments Market report is prepared with the main agenda to cover the following 20 points: 1. Market Size by Product Categories & Application Volume)
11. Demand Analysis (Revenue &
2. Market trends & Relevant Market Data
12. Country level Analysis
3. Manufacturer Landscape
13. Competitor Analysis
4. Distributor Landscape
14. Market Shares Analysis
5. Pricing Analysis
15. Value Chain Analysis
6. Top 10 End user Analysis
16. Supply Chain Analysis
7. Product Benchmarking
17. Strategic Analysis
8. Product Developments Landscape Analysis 9. Mergers & Acquisition Analysis
18. Current & Future Market 19. Opportunity Analysis
10. Patent Analysis Analysis
20. Revenue and Volume
Frequently Asked Questions: Q. Does IndustryARC provide customized reports and charge additionally for limited customization? Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization: 1. Increase the level of data in application or end user industry. 2. Increase the number of countries in geography chapter. 3. Find out market shares for other smaller companies or companies which are of interest to you. 4. Company profiles can be requested based on your interest. 5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
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Media Contact: Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare. Reference: [1] https://www.ibef.org/
[2] https://www.gsmaintelligence.com
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Industry Market Research for Business Leaders, Strategists, Decision Makers
Table of Contents 1. Executive Summary 2. Global Mobile Payments Market Overview 2.1. Introduction 2.2. Market Segmentation 2.3. Industry Lifecycle 2.4. Key Industry Players 3. Global Mobile Payment Market Dynamics 3.1. Growth Drivers 3.2. Market Concerns 3.3. Market Opportunities 3.4. Industry Pain Points 4. Mobile Payments Market – Strategic Analysis 4.1. Value Chain Analysis 4.2. Pricing Analysis 4.3. Opportunities Analysis 4.4. Product/Market Life Cycle Analysis 4.5. Suppliers and Distributors 5. Mobile Payment Market by Transaction Types 5.1. Near Field Communication (NFC) 5.2. Direct 5.3. WAP 5.4. SMS 5.5. USSD 6. Mobile Payments Market by Applications 6.1. Travel and Ticketing 6.2. Banking 6.3. Merchandise 6.4. Food and Beverages 6.5. Airtime 6.6. Others 7. Mobile Payment Market - Geographic Analysis 7.1. Introduction 7.2. Americas 7.2.1. North America 7.2.2. Brazil 7.2.3. Argentina 7.2.4. Mexico 7.3. Europe 7.3.1. UK 7.3.2. France 7.3.3. Germany 7.4. APAC 7.4.1. China 7.4.2. South Korea 7.4.3. Japan 7.4.4. Australia 7.5. ROW 8. Mobile Payment Market Entropy 8.1. New Product Launches
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8.2. M&As, Collaborations, JVs and Partnerships 9. Investment Opportunities – Analysis by Target companies/customers, Capital Investments, ROI, Payback Period and Source of Funds. 10. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio) 10.1.ISIS 10.2.Google 10.3.PayOne 10.4.Square 10.5.Redeban 10.6.G&D 10.7.Mastercard 10.8.Visa 10.9.Otto 10.10. MTS 10.11. VimpelCom 10.12. Paypal 10.13. PayU 10.14. Aepona 10.15. Gemalto 10.16. Obopay 10.17. Utiba 10.18. C-Sam 10.19. Comviva 10.20. Xius *More than 10 Companies are profiled in this Research Report* "*Financials would be provided on a best efforts basis for private companies" 11. Appendix 11.1. Abbreviations 11.2. Sources 11.3. Research Methodology 11.4. Bibliography 11.5. Compilation of Expert Insights 11.6. Disclaimer
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Industry Market Research for Business Leaders, Strategists, Decision Makers
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