Mobile payment market

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.

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• 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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ABOUT US

Inkwood Research specializes in syndicated research reports, customized research reports and consulting services. We offer market intelligence studies across a range of industries including Technology, Chemicals, Materials, Healthcare and Energy. With 20 years of research experience, we ensure you efficient deliverables with global and country industry knowledge and research expertise. Our analysis covers North & South America, Europe, CEE, CIS, Middle East, Africa and Asia.

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