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Mobile Payment Technologies Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5446067
  • Report
  • September 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • Amazon
  • Bharti Airtel
  • First Data Corporation
  • MTN Group
  • Paytm
  • Visa
Mobile Payment Technologies Global Market Report 2021: COVID-19 Growth and Change to 2030 provides strategists, marketers and senior management with the critical information they need to assess the global mobile payment technologies market.



The report focuses on the mobile payment technologies market which is experiencing strong growth. The report gives a guide to the mobile payment technologies market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for mobile payment technologies? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Mobile Payment Technologies Market Global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The Market Characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope


Markets Covered:

  • By Solutions: Point-Of Sale (POS); In-Store Payments; Remote Payments
  • By Application: Retail & E-Commerce; Healthcare; BFSI; Enterprise
  • By Pos Solutions: Near-Field Communication (NFC) Payments; Sound-Wave Based Payments; Magnetic Secure Transmission (MST) Payments
  • By In-Store Payments Solutions: Mobile Wallets; Quick Response (QR) Code Payments
  • By Remote Payments: Internet Payments; SMS Payments; Direct Carrier Billing; Mobile Banking

Companies Mentioned:


PayPal; MasterCard; Bharti Airtel; Google; Apple Inc.

Countries:


Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions:


Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series:


Five years historic and ten years forecast.

Data Segmentations:


Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing:


Data and analysis throughout the report is sourced using end notes.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Mobile Payment Technologies Market

What is the estimated value of the Global Mobile Payment Technologies Market?

The Global Mobile Payment Technologies Market was estimated to be valued at €60.40 billion in 2021.

What is the growth rate of the Global Mobile Payment Technologies Market?

The growth rate of the Global Mobile Payment Technologies Market is 30.3%, with an estimated value of €174.30 billion by 2025.

What is the forecasted size of the Global Mobile Payment Technologies Market?

The Global Mobile Payment Technologies Market is estimated to be worth €174.30 billion by 2025.

Who are the key companies in the Global Mobile Payment Technologies Market?

Key companies in the Global Mobile Payment Technologies Market include PayPal Inc., MasterCard, Bharti Airtel, Google Inc., Apple Inc., First Data Corporation, American Express Co., Vodacom Group and Mahindra Comviva.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amazon
  • Bharti Airtel
  • First Data Corporation
  • MTN Group
  • Paytm
  • Visa
1. Executive Summary

2. Mobile Payment Technologies Market Characteristics

3. Mobile Payment Technologies Market Trends and Strategies

4. Impact Of COVID-19 On Mobile Payment Technologies

5. Mobile Payment Technologies Market Size and Growth
5.1. Global Mobile Payment Technologies Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Mobile Payment Technologies Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market

6. Mobile Payment Technologies Market Segmentation
6.1. Global Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Point-of sale (PoS)
  • In-store payments
  • Remote payments
6.2. Global Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Retail & E-Commerce
  • Healthcare
  • BFSI
  • Enterprise
6.3. Global Mobile Payment Technologies Market, Segmentation by PoS Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Near-field communication (NFC) payments
  • Sound-wave based payments
  • Magnetic secure transmission (MST) payments
6.4. Global Mobile Payment Technologies Market, Segmentation by In-store Payments Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Mobile wallets
  • Quick response (QR) code payments
6.5. Global Mobile Payment Technologies Market, Segmentation by Remote Payments, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Internet payments
  • SMS payments
  • Direct carrier billing
  • Mobile banking
7. Mobile Payment Technologies Market Regional and Country Analysis
7.1. Global Mobile Payment Technologies Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Mobile Payment Technologies Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Mobile Payment Technologies Market
8.1. Asia-Pacific Mobile Payment Technologies Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Mobile Payment Technologies Market
9.1. China Mobile Payment Technologies Market Overview
9.2. China Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Mobile Payment Technologies Market
10.1. India Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Mobile Payment Technologies Market
11.1. Japan Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Mobile Payment Technologies Market
12.1. Australia Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Mobile Payment Technologies Market
13.1. Indonesia Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Mobile Payment Technologies Market
14.1. South Korea Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Mobile Payment Technologies Market
15.1. Western Europe Mobile Payment Technologies Market Overview
15.2. Western Europe Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Mobile Payment Technologies Market
16.1. UK Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Mobile Payment Technologies Market
17.1. Germany Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Mobile Payment Technologies Market
18.4. France Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Mobile Payment Technologies Market
19.1. Eastern Europe Mobile Payment Technologies Market Overview
19.2. Eastern Europe Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Mobile Payment Technologies Market
20.1. Russia Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Mobile Payment Technologies Market
21.1. North America Mobile Payment Technologies Market Overview
21.2. North America Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Mobile Payment Technologies Market
22.1. USA Mobile Payment Technologies Market Overview
22.2. USA Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Mobile Payment Technologies Market
23.1. South America Mobile Payment Technologies Market Overview
23.2. South America Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Mobile Payment Technologies Market
24.1. Brazil Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Mobile Payment Technologies Market
25.1. Middle East Mobile Payment Technologies Market Overview
25.2. Middle East Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Mobile Payment Technologies Market
26.1. Africa Mobile Payment Technologies Market Overview
26.2. Africa Mobile Payment Technologies Market, Segmentation by Solutions, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Mobile Payment Technologies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Mobile Payment Technologies Market Competitive Landscape and Company Profiles
27.1. Mobile Payment Technologies Market Competitive Landscape
27.2. Mobile Payment Technologies Market Company Profiles
27.2.1. PayPal, Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. MasterCard
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Bharti Airtel
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Google, Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Apple Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions in the Mobile Payment Technologies Market

29. Mobile Payment Technologies Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amazon
  • Bharti Airtel
  • First Data Corporation
  • MTN Group
  • Paytm
  • Visa
Major players in the mobile payment technologies market are PayPal, Inc., MasterCard, Bharti Airtel, Google, Inc. and Apple Inc.

The global mobile payment technologies market is expected to grow from $51.96 billion in 2020 to $60.42 billion in 2021 at a compound annual growth rate (CAGR) of 16.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $174.29 billion in 2025 at a CAGR of 30.3%.

The mobile payment technologies market consists of sales of mobile payment technologies and related services. This market deals with a method of payment that does not involve cash or cheques, but allows consumer to make immediate payments using portable electronic devices such as smartphones or tablets.

The mobile payment technologies market covered in this report is segmented by solutions into point-of sale (PoS), in-store payments, remote payments. It is also segmented by application into retail & E-commerce, healthcare, BFSI, enterprise; by PoS solutions into near-field communication (NFC) payments, sound-wave based payments, magnetic secure transmission (MST) payments; by in-store payments solutions into mobile wallets, quick response (QR) code payments and by remote payments into internet payments, SMS payments, direct carrier billing, mobile banking.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Security issues and threat of data breach is an important restraint on the mobile payment technologies market. This is mainly because lot of information and data is transferred in digital payments, which becomes a challenge for data security. There are multiple security issues like frauds & chargebacks, technical integration, malicious app clones, and mobile frauds that have an adverse impact on this market. For example, PayPal announced a security breach that put over 1.6 million customer's data at risk and as a compensation, the company had to offer free credit monitoring services for those who needed it.

The integration of Internet of Things (IoT) with mobile payments is an emerging trend in the mobile payment technologies market. IoT is a system of interrelated computing devices, mechanical and digital machines, or people that can transfer data over a network without requiring any human-to-human or human-to-computer interaction. The integration of IoT in mobile payment technologies eases the payment experience of consumers and merchants, ensuring smooth and efficient payments on both ends. Due to increased convenience and safety provided by IoT-based mobile payments, many people are moving towards mobile payment technologies. For example, MasterCard integrated IoT for bringing payments to a wide range of consumer products for around 50 billion devices that are expected to be connected to the internet by 2020. The company is also planning to come up with latest IoT-based devices to boost digital payments.

In 2019, Fidelity National Information Services (FIS) acquired Worldpay Inc. for approximately $35 billion. Through this acquisition, FIS aims to expand its payment processing capabilities and also enhance the scalability of both the companies. Worldpay is a global company providing payment processing technology & solutions to their customers. It was founded in 1997 and is headquartered in London, the UK.

The initiatives taken by governments to promote a cashless economy is a major driver for the growth of the mobile payment technologies market. A cashless economy is the one in which financial transactions are not done with banknotes or physical currency but via digital modes of payment. In this regard, government across the world along with the central banks are taking several initiatives to move towards a cashless economy, which ultimately leads to the growth of the mobile payment technologies market. According to a study conducted by MasterCard in 2019, the UAE has one of the fastest changing payment ecosystems because of a strong government leadership to promote electronic payments. For example, in May 2019, the Dubai Department of Finance launched a new digital payment wallet which is specially designed to pay government fees. This digital payment wallet facilitates smooth transfer of funds and promotes mobile payment technologies.

The mobile payment technologies market is governed by the Payment Services Directives (PSD2) which regulates the payment service providers throughout the European Union (EU) and European Economic Area (EEA). This regulation primarily focuses on developing a more integrated payments market in Europe and encourages non-banks to participate in this industry to enhance competition. PSD2 also ensures safer and more secured payments to increase protection of the customers and their data. Hence, this regulation is expected to further drive the mobile payment technologies market by providing smooth and efficient payment experience for both customers and payment service providers.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • PayPal Inc.
  • MasterCard
  • Bharti Airtel
  • Google Inc.
  • Apple Inc.
  • First Data Corporation
  • American Express Co.
  • Vodacom Group
  • Millicom International Cellular
  • Mahindra Comviva
  • Orange
  • Dwolla Inc.
  • WorldPay
  • Paytm
  • AT & T Inc.
  • Safaricom Limited
  • MTN Group
  • Econet Wireless Zimbabwe
  • Visa
  • BlueSnap
  • PayU
  • Bank of America
  • Amazon
  • Citrus Payment Solutions
  • Stripe
  • Six Payment services
  • Paysafe
  • Wirecard
  • Novatti
  • Vodafone Ltd.
  • Microsoft Corporation
Note: Product cover images may vary from those shown

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