Global Mobile Payment Market - Analysis of Growth, Trends Progress and Challenges (2016 - 2021)

  • ID: 3971239
  • Report
  • Region: Global
  • 121 pages
  • Mordor Intelligence
1 of 3
The global mobile payment market is projected to reach USD 1.3 trillion by the end of 2020 from USD 422 billion in 2015, growing at a CAGR of 25.85% during the forecast period. With the increasing global economy, mobile phones (especially smartphones) have become a basic commodity for an individual. Similarly, the internet has also become a part and parcel of life for a lot of people. This has increased the penetration of smartphones and internet usage is one the key driver for this market. The advancements in technology and introduction of various innovative products and services made mobile phones not only as a telecommunication device but also as a monetary transferring device. Many governments are also encouraging banks to build infrastructure to enable safe and secure mobile payments in rural areas, which is a huge opportunity for the vendors. Conversely, closing the gap between the awareness and adoption of this technology is considered as a major challenge for this industry.

The major boost to the industry has come with the partnerships between various payment networks and mobile operators to prove mobile payment solutions in the emerging markets. For instance, MasterCard has an agreement with Telefonica to provide mobile payment services in Latin America and Visa acquired South Africa based Fundamo, a financial service platform, as a move to increase its presence in Middle East and African mobile payment market. Mobile acceptance is also estimated to grow in developed countries driven by increased penetration of m-payments and various mobile card readers such as iZettle, PayPal Here, and Square as an alternative to traditional POS devices.

In this study, the global mobile payment market is segmented based on the mode of payment; by application, by category, by type of purchase, by end user and by geography. The geographical areas considered under this study are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. P2P m-payments are extremely popular in developing or emerging markets like Africa, providing many growth opportunities. C2B m-payments are major drivers in developed markets, like Japan, where mobile wallet payments are popular.

The Brazilian government has introduced many regulations for mobile phone transactions, which aim to reduce the payment operational costs, increase merchant service providers and deepen banking penetration. M-Pesa is a popular mobile payment solution in Africa. India has witnessed a surge in development and implementation of mobile wallets because of the initiatives taken by the Reserve Bank of India (RBI) in allowing of 100% FDI (Foreign Direct Investment).

Some of the key players of the global mobile payment market identified in this report are:

- Bharati Airtel Limited
- Cachet Financial Solutions
- Eserve Global
- Gemalto
- Google Inc
- Mahindra Comviva
- MasterCard Incorporated
- Monitise Plc
- Moremagic VISA
- Orange S.A
- Paypal (Ebay Inc)
- Vodafone Group Plc
- Yellow Pepper.

Key Deliverables of the Study

- Market definition global mobile payment market along with identification of key drivers and restraints for the market.
- Market analysis for the global mobile payment market, with region specific assessments and competition analysis on a global and regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the global mobile payment market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

Please note: As this product is updated at the time of order, dispatch will be 72 hours from the date the order and full payment is received.
Note: Product cover images may vary from those shown
2 of 3
1. Introduction

1.1 Key Deliverables of the study

1.2 Study Assumptions

1.3 Market Definition

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

4.1 Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Value Chain Analysis

4.5 Industry Attractiveness - Porter's Five Forces Model

4.5.1 Bargaining Power of Suppliers

4.5.2 Bargaining Power of Buyers

4.5.3 Threat of New Entrants

4.5.4 Threat of Substitute Products and Services

4.5.5 Degree of Competition

5. Global Mobile Payment Market Segmentation - By Mode of Payment

5.1 Contactless Mobile Payments

5.1.1 NFC/Smart Cards

5.2 Direct Mobile Billing

5.3 Mobile Web Payments (WAP)

5.3.1 Direct Operator Billing

5.3.2 Credit Cards

5.3.3 Online Wallets/In App payments

5.4 Premium SMS based/USSD

5.5 Mobile Credit Card Readers

5.6 Closed Loop Mobile Payment or Virtual Prepaid cards

5.7 Others

6. Global Mobile Payment Market Segmentation - By Application

6.1 Peer to Peer (P2P)

6.2 Consumer to Business (C2B)

6.3 Business to Business (B2B)

6.4 Business/Government to Consumer (B2C/G2C)

7. Global Mobile Payment Market Segmentation - By Category

7.1 Proximity Payments

7.2 Remote Payments

7.3 Mobile Point of Sale (mPOS)

8. Global Mobile Payment Market Segmentation - By End User Industry

7.1 Banking & Financial Services

7.2 IT & Telecommunications

7.3 Retail

7.4 Life Sciences (Healthcare)

7.5 Government Services

7.6 Manufacturing

7.7 Media & Entertainment

7.8 Travel and Hospitality

7.9 Transportation and Logistics

7.10 Others

8. Global Mobile Payment Market Segmentation - By type of Purchase

8.1 Recharges and Airtime Transfers

8.2 Bill payments and Money Transfers

8.3 Merchandise and Coupons

8.4 Ticketing and Travel

8.5 Others

9. Global Mobile Payment Market Segmentation - By Geography

9.1 North America

9.1.1 United States

9.1.2 Canada

9.2 Europe

9.2.1 UK

9.2.2 Russia

9.2.3 Others

9.3 Asia-Pacific

9.3.1 China

9.3.2 South Korea

9.3.3 India

9.3.4 Others

9.4 Middle East & Africa

9.4.1 UAE

9.4.2 Saudi Arabia

9.4.3 Others

9.5 Latin America

9.5.1 Brazil

9.5.2 Others

10. Competitive Landscape - Vendor Market Share

11. Key Vendor Profiles

11.1 Vodafone Group Plc

11.1.1 Overview

11.1.2 Products and Services

11.1.3 Financials

11.1.4 Recent Developments

11.2 Gemalto

11.2.1 Overview

11.2.2 Products and Services

11.2.3 Financials

11.2.4 Recent Developments

11.3 FIS

11.3.1 Overview

11.3.2 Products and Services

11.3.3 Financials

11.3.4 Recent Developments

11.4 Google, Inc.

11.4.1 Overview

11.4.2 Products and Services

11.4.3 Financials

11.4.4 Recent Developments

11.5 Mastercard Incorporated

11.5.1 Overview

11.5.2 Products and Services

11.5.3 Financials

11.5.4 Recent Developments

11.6 Bharti Airtel Limited

11.6.1 Overview

11.6.2 Products and Services

11.6.3 Financials

11.6.4 Recent Developments

11.7 Orange S.A.

11.7.1 Overview

11.7.2 Products and Services

11.7.3 Financials

11.7.4 Recent Developments

11.8 Monitise Plc

11.8.1 Overview

11.8.2 Products and Services

11.8.3 Financials

11.8.4 Recent Developments

11.9 Mahindra Comviva

11.9.1 Overview

11.9.2 Products and Services

11.9.3 Financials

11.9.4 Recent Developments

11.10 Paypal (Ebay, Inc.)

11.10.1 Overview

11.10.2 Products and Services

11.10.3 Financials

11.10.4 Recent Developments

11.11 Eserve Global

11.11.1 Overview

11.11.2 Products and Services

11.11.3 Financials

11.11.4 Recent Developments

11.12 Cachet Financial Solutions

11.12.1 Overview

11.12.2 Products and Services

11.12.3 Financials

11.12.4 Recent Developments

11.13 Moremagic

11.13.1 Overview

11.13.2 Products and Services

11.13.3 Financials

11.13.4 Recent Developments

11.14 VISA

11.14.1 Overview

11.14.2 Products and Services

11.14.3 Financials

11.14.4 Recent Developments

12. Future Trends and Opportunities in Global Mobile Payment Market
Note: Product cover images may vary from those shown
3 of 3


4 of 3
Note: Product cover images may vary from those shown