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Global Mobile Payment Market 2019-2027

  • ID: 4773772
  • Report
  • Region: Global
  • 147 pages
  • Triton Market Research
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FEATURED COMPANIES

  • 99Bill Corporation
  • Bank Of America
  • Google
  • Mastercard
  • Paypal
  • Tenpay Technology, Ltd.
  • MORE
Market Outlook
The research report Market Research concludes that the global mobile payments market is set to see an upsurge in terms of revenue by growing at a CAGR of 24.22% in the forecasting years 2019-2027.

Mobile payment enables transfer of money through mobile phones with the help of payment services operating under financial authorization. These mobile payments are processed by using e-wallets, and are an alternative payment mode to cash, checks, or credit and debit cards. The biggest advantage that mobile wallets provide customers is convenience; one need not stop by an ATM to withdraw cash or fill his/her wallet or purse with credit cards.

The market is driven by factors such as the growth in the e-commerce industry, mergers & acquisitions, preference of mobile payment over traditional banking methods, adoption of mobile payment systems by small business owners, advancements in technology and a large number of unbanked populace opting for this service. The increased adoption of smartphones by people from all hailing from different sections of the economic strata is fueling the industry. However, the security concerns looming over the use of mobile wallets is a restraining factor. Mobile applications that help process online transactions contain sensitive data, and it is imperative to secure it at all costs. With poor security systems, hackers perform data-theft and hence mobile wallets need to build stronger systems to guard sensitive information.

The benefit of mobile payment systems is that they are user-friendly and unlike banking processes, do not require any paperwork. Also, in regions where the number of banks is scarce, mobile payment systems have come as a huge relief. Sometimes, the users are not familiar with the jargons mentioned in the ‘terms & conditions’ section of the app, which makes customers vulnerable to risks. If the legal framework across all the platforms is harmonized, the challenges faced by the global mobile payments industry can be overcome.

Regional Outlook:
The global mobile payments market report consists of regions such as North America, Europe, the Asia-Pacific, Latin America, the Middle East and Africa. India is one of the most important countries in the Asia-Pacific mobile payment market. The mobile payment market in India is set to witness a burgeoning growth. Mobile payment systems are a suitable option for a large number of people living in areas that are unbanked. The mobile payment market in the country is primarily driven by the growing number of smartphone users and the rapid rise in the internet subscriber base. Ongoing developments in the IT sector and the lack of a proper banking infrastructure have further propelled the growth of this market in India.

Competitive Outlook
The prominent companies in the global mobile payment market are We Pay, Inc., Mastercard, Boku, China UnionPay, Airtel Money, Obopay, Inc., Alipay, iZettle, Google, Square, Inc., Paymentwall, M-Pesa, Beijing Qiandaibao Payment Technology, Ltd., Bank of America, Merchant Customer Exchange, G-Xchange, Tenpay Technology, Ltd., Apple, Inc., Yeepay, The Western Union Company, Banco Bilbao Vizcaya Argentaria Wallet, 99Bill Corporation, Intuit Pay, Paytm, Softcard and PayPal.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 99Bill Corporation
  • Bank Of America
  • Google
  • Mastercard
  • Paypal
  • Tenpay Technology, Ltd.
  • MORE
1. Mobile Payment Market - Summary

2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Mobile Person-To-Person Transfer (P2P) Dominates The Global Mobile Payment Market By Type Of Payment
2.2.2. Contactless Medium For Mobile Payment To Grow At Significant Rate
2.2.3. Retail Industry Shows A Large Demand In The Mobile Payment Market
2.3. Evolution & Transition Of Mobile Payment
2.4. Porter's Five Force Analysis
2.5. Market Attractiveness Matrix
2.6. Vendor Scorecard
2.7. Industry Player Positioning
2.8. Key Market Strategies
2.9. Market Drivers
2.9.1. Growth In E-Commerce
2.9.2. Inorganic Growth Via Mergers And Acquisitions
2.9.3. Mobile Payment Is Being Preferred Over Traditional Banking Methods
2.9.4. Mobile Payments Being Accepted By Small Merchants And Businesses
2.9.5. Technological Advancement
2.9.6. Unbanked Population Opting For Extensive Use Of Mobile Payment
2.10. Market Restraints
2.10.1. Security Concern
2.10.2. Interoperability Is A Key Concern
2.10.3. Spyware And Malware Attacks May Slow Down The Market
2.11. Market Opportunities
2.11.1. Emphasis On User-Convenience Giving Rise To Adoption Of Mobile Payment Systems
2.11.2. Entry Of Big Players In Mobile Payment Market
2.11.3. Growing Smart City Projects
2.11.4. Introduction Of More User-Friendly Technologies
2.11.5. Limitations On Cash Transaction
2.11.6. Unbanked Geographies Are The Opportunity Markets
2.12. Market Challenges
2.12.1. Addressing The Complexities Is A Concern
2.12.2. Huge Capital Requirement
2.12.3. Lack Of Technological Standards
2.12.4. Late Arrival Scenario And Lack Of Industry Standard
2.12.5. Mobile Payments Need To Create Space For Long-Term Growth
2.12.6. New Additions To The Technology And Unclear Rules Confuse The Market Players And Customers
2.12.7. Reluctance To Switch To New Technology

3. Mobile Payment Market Outlook - By Medium
3.1. Sms
3.2. Internet
3.3. Contactless
3.4. Ussd

4. Mobile Payment Market Outlook - By Type
4.1. Mobile Person-To-Person Transfer (P2P)
4.2. Mobile Commerce (Pos)
4.3. Prepaid Mobile Wallet
4.4. In-App Billing
4.5. Carrier Billing
4.6. Closed-Loop Payments

5. Mobile Payment Market Outlook - By Application
5.1. Healthcare
5.2. Retail
5.3. Energy & Utilities
5.4. Hospitality And Transportation
5.5. Entertainment
5.6. Other Applications

6. Mobile Payment Market - Regional Outlook
6.1. North America
6.1.1. Market By Medium
6.1.2. Market By Type
6.1.3. Market By Application
6.1.4. Country Analysis
6.1.4.1. United States
6.1.4.2. Canada
6.2. Europe
6.2.1. Market By Medium
6.2.2. Market By Type
6.2.3. Market By Application
6.2.4. Country Analysis
6.2.4.1. United Kingdom
6.2.4.2. Germany
6.2.4.3. France
6.2.4.4. Italy
6.2.4.5. Spain
6.2.4.6. Russia
6.2.4.7. Rest Of Europe
6.3. Asia-Pacific
6.3.1. Market By Medium
6.3.2. Market By Type
6.3.3. Market By Application
6.3.4. Country Analysis
6.3.4.1. China
6.3.4.2. Japan
6.3.4.3. India
6.3.4.4. South Korea
6.3.4.5. ASEAN Countries
6.3.4.6. Australia & New Zealand
6.3.4.7. Rest Of Asia-Pacific
6.4. Latin America
6.4.1. Market By Medium
6.4.2. Market By Type
6.4.3. Market By Application
6.4.4. Country Analysis
6.4.4.1. Brazil
6.4.4.2. Mexico
6.4.4.3. Rest Of Latin America
6.5. The Middle East
6.5.1. Market By Medium
6.5.2. Market By Type
6.5.3. Market By Application
6.5.4. Country Analysis
6.5.4.1. United Arab Emirates
6.5.4.2. Turkey
6.5.4.3. Saudi Arabia
6.5.4.4. Rest Of The Middle East & Africa
6.6. Africa
6.6.1. Market By Medium
6.6.2. Market By Type
6.6.3. Market By Application
6.6.4. Country Analysis
6.6.4.1. Kenya
6.6.4.2. Tanzania
6.6.4.3. Zimbabwe
6.6.4.4. South Africa
6.6.4.5. Nigeria
6.6.4.6. Rest Of Africa

7. Competitive Landscape
7.1. Apple, Inc.
7.2. Alipay
7.3. Airtel Money
7.4. Boku
7.5. Bank Of America
7.6. Banco Bilbao Vizcaya Argentaria Wallet
7.7. Beijing Qiandaibao Payment Technology, Ltd.
7.8. China Unionpay
7.9. Merchant Customer Exchange
7.10. M-Pesa
7.11. Dwolla Corp.
7.12. G-Xchange
7.13. Google
7.14. Izettle
7.15. Intuit Pay
7.16. Mastercard
7.17. Square Inc
7.18. Tenpay Technology, Ltd.
7.19. The Western Union Company
7.20. We Pay, Inc.
7.21. Yeepay
7.22. 99Bill Corporation
7.23. Softcard
7.24. Paytm
7.25. Paypal
7.26. Paymentwall
7.27. Obopay, Inc.

8. Methodology & Scope
8.1. Research Scope
8.2. Sources Of Data
8.3. Research Methodology

List of Tables
Table 1: Global Mobile Payment Market, By Geography, 2019-2027 (In $ Billion)
Table 2: Market Attractiveness Index
Table 3: Vendor Scorecard
Table 4: List Of Partnership And Collaborations
Table 5: Global Mobile Payment Market, By Medium, 2019-2027, (In $ Billion)
Table 6: Mobile Payment Risks And Challenges
Table 7: Global Mobile Payment Market, By Type, 2019-2027, (In $ Billion)
Table 8: Global Mobile Payment Market, By Application, 2019-2027, (In $ Billion)
Table 9: Global Mobile Payment Market, By Geography, 2019-2027, (In $ Billion)
Table 10: North America Mobile Payment Market, By Country, 2019-2027 (In $ Billion)
Table 11: North America Mobile Payment Market, By Medium, 2019-2027 (In $ Billion)
Table 12: North America Mobile Payment Market, By Type, 2019-2027 (In $ Billion)
Table 13: North America Mobile Payment Market, By Application, 2019-2027 (In $ Billion)
Table 14: Europe Mobile Payment Market, By Country, 2019-2027 (In $ Billion)
Table 15: Europe Mobile Payment Market, By Medium, 2019-2027 (In $ Billion)
Table 16: Europe Mobile Payment Market, By Type, 2019-2027 (In $ Billion)
Table 17: Europe Mobile Payment Market, By Application, 2019-2027 (In $ Billion)
Table 18: Asia-Pacific Mobile Payment Market, By Country, 2019-2027 (In $ Billion)
Table 19: Asia-Pacific Mobile Payment Market, By Medium, 2019-2027 (In $ Billion)
Table 20: Asia-Pacific Mobile Payment Market, By Type, 2019-2027 (In $ Billion)
Table 21: Asia-Pacific Mobile Payment Market, By Application, 2019-2027 (In $ Billion)
Table 22: Latin America Mobile Payment Market, 2019-2027 (In $ Billion)
Table 23: Latin America Mobile Payment Market, By Medium, 2019-2027 (In $ Billion)
Table 24: Latin America Mobile Payment Market, By Type, 2019-2027 (In $ Billion)
Table 25: Latin America Mobile Payment Market, By Application, 2019-2027 (In $ Billion)
Table 26: The Middle East Mobile Payment Market, 2019-2027 (In $ Billion)
Table 27: The Middle East Mobile Payment Market, By Medium, 2019-2027 (In $ Billion)
Table 28: The Middle East Mobile Payment Market, By Type, 2019-2027 (In $ Billion)
Table 29: The Middle East Mobile Payment Market, By Application, 2019-2027 (In $ Billion)
Table 30: Africa Mobile Payment Market, 2019-2027 (In $ Billion)
Table 31: Africa Mobile Payment Market, By Medium, 2019-2027 (In $ Billion)
Table 32: Africa Mobile Payment Market, By Type, 2019-2027 (In $ Billion)
Table 33: Africa Mobile Payment Market, By Application, 2019-2027 (In $ Billion)

List of Figures
Figure 1: Global Mobile Payment Market, By Type, 2018 & 2027 (In %)
Figure 2: Evolution Of Payment System
Figure 3: Mobile P2P Transfer Market, 2019-2027 (In $ Billion)
Figure 4: Contactless Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 5: Retail Industry Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 6: Porter's Five Force Analysis
Figure 7: Industry Player Positioning Of Top Players In 2018 (%)
Figure 8: Global Urban Population, 2016-2050 (%)
Figure 9: Global Mobile Payment Market, By Sms, 2019-2027 (In $ Billion)
Figure 10: Global Mobile Payment Market, By Internet, 2019-2027 (In $ Billion)
Figure 11: Global Mobile Payment Market, By Contactless, 2019-2027 (In $ Billion)
Figure 12: Global Mobile Payment Market, By Ussd, 2019-2027 (In $ Billion)
Figure 13: Global Mobile Payment Market, By Mobile Person-To-Person Transfer (P2P), 2019-2027 (In $ Billion)
Figure 14: Global Mobile Payment Market, By M-Commerce (Pos), 2019-2027 (In $ Billion)
Figure 15: Global Mobile Payment Market, By Prepaid Mobile Wallet, 2019-2027 (In $ Billion)
Figure 16: Global Mobile Payment Market, By In-App Billing, 2019-2027 (In $ Billion)
Figure 17: Global Mobile Payment Market, By Carrier Billing, 2019-2027 (In $ Billion)
Figure 18: Global Mobile Payment Market, By Closed-Loop Payments, 2019-2027 (In $ Billion)
Figure 19: Global Mobile Payment Market, By Application, 2018 & 2027 (In %)
Figure 20: Global Mobile Payment Market, By Healthcare, 2019-2027 (In $ Billion)
Figure 21: Global Mobile Payment Market, By Retail, 2019-2027 (In $ Billion)
Figure 22: Global Mobile Payment Market, By Energy & Utilities, 2019-2027 (In $ Billion)
Figure 23: Global Mobile Payment Market, By Hospitality And Transportation, 2019-2027 (In $ Billion)
Figure 24: Global Mobile Payment Market, By Entertainment, 2019-2027 (In $ Billion)
Figure 25: Global Mobile Payment Market, By Other Applications, 2019-2027 (In $ Billion)
Figure 26: Global Mobile Payment Market, Regional Outlook, 2018 & 2027 (In %)
Figure 27: United States Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 28: Number Of Smartphone And Tablet Users In Canada 2014-2018 (In Million)
Figure 29: Canada Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 30: United Kingdom Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 31: Germany Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 32: France Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 33: Spain Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 34: Italy Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 35: Russia Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 36: Rest Of Europe Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 37: China Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 38: Japan Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 39: India Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 40: South Korea Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 41: ASEAN Countries Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 42: Australia & New Zealand Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 43: Rest Of Asia-Pacific Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 44: Brazil Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 45: Mexico Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 46: Rest Of Latin America Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 47: United Arab Emirates Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 48: Turkey Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 49: Saudi Arabia Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 50: Rest Of The Middle East Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 51: Kenya Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 52: Tanzania Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 53: Zimbabwe Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 54: South Africa Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 55: Nigeria Mobile Payment Market, 2019-2027 (In $ Billion)
Figure 56: Rest Of Africa Mobile Payment Market, 2019-2027 (In $ Billion)
Note: Product cover images may vary from those shown
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  • Apple, Inc.
  • Alipay
  • Airtel Money
  • Boku
  • Bank Of America
  • Banco Bilbao Vizcaya Argentaria Wallet
  • Beijing Qiandaibao Payment Technology, Ltd.
  • China Unionpay
  • Merchant Customer Exchange
  • M-Pesa
  • Dwolla Corp.
  • G-Xchange
  • Google
  • Izettle
  • Intuit Pay
  • Mastercard
  • Square Inc
  • Tenpay Technology, Ltd.
  • The Western Union Company
  • We Pay, Inc.
  • Yeepay
  • 99Bill Corporation
  • Softcard
  • Paytm
  • Paypal
  • Paymentwall
  • Obopay, Inc.
Note: Product cover images may vary from those shown
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