MOBILE PAYMENT MARKET (Global Market Trends, Size, Share & Analysis 2018-2026)
GLOBAL MOBILE PAYMENT MARKET FORECAST 2018-2026
Some of the factors that have been
GLOBAL MOBILE PAYMENT MARKET 2000
instrumental for such a phenomenal growth
1800 1600
of the market include the growing
1400
1200
preference for Mobile payment over
1000 800
traditional banking methods, technological
600 400
advancements, increasing usage of mobile
200 0 2016
2017
2018
2019
North America
2020
2021
Europe
2022 Asia Pacific
2023
2024
ROW
2025
2026
payments by unbanked population and the rising e-commerce.
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MARKET DRIVERS
01
MOBILE PAYMENT IS BEING PREFERRED OVER TRADITIONAL BANKING METHODS
03
SMALL MERCHANTS AND BUSINESSES ACCEPTING MOBILE PAYMENTS
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02
TECHNOLOGICAL ADVANCEMENT BLOOMING THE MOBILE PAYMENT MARKET
04
EXTENSIVE USE OF MOBILE PAYMENT BY UNBANKED POPULATION
MARKET INSIGHTS
• The mobile payment market can be segmented on the basis of the type of Medium that comprises of SMS, Internet, Contactless, and USSD. • The SMS is a major segment of the market by medium. Inkwood Research
• The market is also segmented by the type of payments that include P2P, Mobile Commerce, Prepaid Mobile Wallet, In-App Billing, Carrier Billing and Closed Loop Payments.
• The P2P mobile payment is popular in this market because of its growing use in emerging nations like Tanzania, Kenya, Rwanda, Vietnam, and the Philippines.
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Global Mobile Payment Market Growing at a CAGR 22.25% During the Forecast Period of 2018-2026 Download Free Sample
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REGIONAL INSIGHTS
North America Mobile Payment Market Growing at a CAGR 21.20% During the Forecast Period of 2018-2026 Downlaod Free Sample Inkwood Research
Asia Pacific Mobile Payment Market Growing at a CAGR 22.91% During the Forecast Period of 2018-2026 Downlaod Free Sample
Europe Mobile Payment Growing at a CAGR 23.70% During the Forecast Period of 2018-2026 Downlaod Free Sample
COMPETITIVE INSIGHTS
Major companies that are already established in this market include Apple Inc, Alipay, Airtel Money, M-pesa, Square Inc, Yeepay, 99billCorporation, Softcard, Paytm, Paypal, Paymentwall, Boku, Bank Of America, Banco Bilbao Vizcaya Argentaria Wallet, Beijing Qiandaibao Payment Technology Ltd., China Unionpay and Merchant Customer Exchange.
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