Mobile payments are money paid for a product or service through a portable electronic device such as a tablet or mobile phone. You can also use mobile billing technology to send money to friends and family. Many banks have recently adopted technology into banking applications that allow customers to send money from their bank accounts to friends and family immediately. You can also make a mobile payment in your store by scanning the barcode in the app on your phone.
Consumer preference for digital and cashless payments has increased as the demand for easy and simple purchases of products and services increases. Several global companies, such as Apple and Samsung, have devised new strategies to broaden their reach and take up a larger portion of the global mobile payment market.
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Mobile payment markets are categorized by transaction type, mobile payment type, application, and region. Short Message Service (SMS), short-range communication, and Wireless Application Protocol (WAP), depending on transaction mode. Depending on the type of mobile payment, it is divided into mobile wallet / bank card and mobile money. Applications are subdivided into entertainment, energy and utilities, medical, retail, hospitality and transportation and other areas. The mobile billing industry by region is analyzed in North America, Europe, Asia Pacific and LAMEA. According to the analysis, Asia Pacific accounted for the largest mobile payment market share in 2017 due to its high mobile penetration platform for e-commerce.
This Mobile Payment market research is an informational report with a great deal of effort to study the right and valuable information. The data we saw was taken into account both the existing top players and the upcoming competitors. Detailed study of business strategies for key players and new market entry industries. Well-described SWOT analysis, revenue sharing, and contact information are shared in this report analysis.
Included key players are:
Orange S.A., Vodacom Group Limited, MasterCard Incorporated, Bharti Airtel Limited, MTN Group Limited, PayPal Holdings, Millicom International Cellular SA, Apple, Google, Tecent, Alibaba, MCX etc.
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Geographical segmentation is made up of several key regions, such as North America, the Middle East and Africa, Asia Pacific, Europe and Latin America. Production, consumption, imports, shares of wheat UDS, Mobile payment market growth rates during the forecast period from 2017 to 2022 are well documented.
To accomplish this, we use a number of criteria to investigate the global mobile payment market and segment it into sub-segments. Growth forecasts for each segment are included in the report. Finally, this study focuses on possible strengths, weaknesses, opportunities and threats that can affect the growth of the global mobile payment market. The feasibility of a new project is also measured in analyst reports.