Mobile Payment Technology Market by Payment Mode (Proximity Payment and Remote Payment), by Technology (NFC, QR Code, WAP & Card-Based, Digital Wallet, Banking App-based, SMS-based/DCB, and Others [USSD/STK, MST, etc.]), and by Application (BFSI, Retail, Healthcare, Entertainment, IT and Telecom, Energy & Utilities, Hospitality & Tourism, and Others [Education, Government]): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024

Global mobile payment technology market expected to reach approximately USD 3,371.6 billion by 2024, at a CAGR of60% between 2018 and 2024. Payment processed through mobile/ Smartphone for goods, services, or transfer of money is termed as mobile payment, and the technology used to accomplish the task is known as mobile payment technology.

01-Nov-2018 | Number of pages: 142 | Report Code: ZMR-931 | Report Format : | Status : Published

Abstract

The report covers forecast and analysis for the mobile payment technology market on a global and regional level. The study provides historic data for 2015 -2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the mobile payment technology market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the mobile payment technology market on a global level.

This report offers comprehensive coverage on the global mobile payment technology market along with, market trends, drivers, and restraints for the mobile payment technology market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the mobile payment technology market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary, and the primary research team of industry experts.

Global Mobile Payment Technology Market

The study provides a decisive view on the mobile payment technology market by segmenting the market based on payment mode, technology, application, and region. The payment mode segment is divided into proximity payment and remote payment. The technology segment is further divided into NFC, QR code, WAP & card-based, digital wallet, banking app-based, SMS-based/DCB, and others [USSD/STK, MST, etc.]. The application segment is categorized into BFSI, retail, healthcare, entertainment, IT and telecom, energy & utilities, hospitality & tourism, and others [education, government]. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa with further countrywise division into the U.S., Canada, Mexico, the UK, France, Germany, Russia, China, Japan, India, South Korea, Australia, Brazil, Argentina, Saudi Arabia, UAE, and South Africa.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global mobile payment technology market are American Express Co., Fortumo, Bharti Airtel Ltd., MasterCard International Inc., Microsoft Corporation, Boku Inc., PayPal Inc., AT&T Inc., and Visa Inc.

The report segments the global mobile payment technology market as follows:

Mobile Payment Technology Market: Payment Mode Segment Analysis

  • Proximity Payment
  • Remote Payment

Mobile Payment Technology Market: Technology Segment Analysis

  • NFC
  • QR Code
  • WAP & Card-Based
  • Digital Wallet
  • Banking App-based
  • SMS-based/DCB
  • Others ([USSD/STK, MST, etc.]

Mobile Payment Technology Market: Application Segment Analysis

  • BFSI
  • Retail
  • Healthcare
  • Entertainment
  • IT and Telecom
  • Energy & Utilities
  • Hospitality & Tourism
  • Others (Education, Government)

Mobile Payment Technology Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa
Table of Contents
  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Mobile Payment Technology Market, 2015 - 2024, (USD Billion)
    • 2.2. Mobile Payment Technology Market: Market Snapshot
  •  
  • Chapter 3. Mobile Payment Technology Market- Dynamics
    • 3.1. Introduction
    • 3.2. Classification of Mobile Payment Technology
    • 3.3. Industry Ecosystem Analysis
    • 3.4. Technology Landscape
    • 3.5. Market Drivers
      • 3.5.1. North America
      • 3.5.2. Rapid increase in Smartphone penetration
      • 3.5.3. Europe
      • 3.5.4. Asia Pacific
      • 3.5.5. Latin America
      • 3.5.6. Middle East & Africa
    • 3.6. Restraints
      • 3.6.1. Security concerns related to mobile payment processing
    • 3.7. Opportunity
      • 3.7.1. Trending digitization of global mobile payment industry
    • 3.8. Innovation & sustainability
    • 3.9. Regulatory landscape
    • 3.10. Porter's Five Forces Analysis
    • 3.11. PESTLE Analysis
    • 3.12. Market Attractiveness Analysis
      • 3.12.1. Market Attractiveness Analysis by Payment Mode Segment
      • 3.12.2. Market Attractiveness Analysis by Technology Segment
      • 3.12.3. Market Attractiveness Analysis by Applications Segment
      • 3.12.4. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Mobile Payment Technology Market- Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017
    • 4.2. Strategic Developments
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Mobile Payment Technology Market-Payment Mode Segment Analysis
    • 5.1. Mobile Payment Technology Market Overview: by Payment Mode
      • 5.1.1. Mobile Payment Technology Market Revenue Share, by Payment Mode, 2017 and 2024
    • 5.2. Mobile Payment Technology Market, by Proximity Payment Segment, 2015-2024(USD Billion)
    • 5.3. Mobile Payment Technology Market by Remote Payment Segment, 2015-2024(USD Billion)
  •  
  • Chapter 6. Mobile Payment Technology Market - Technology Segment Analysis
    • 6.1. Mobile Payment Technology Market Overview: by Technology
      • 6.1.1. Mobile Payment Technology Market Revenue Share, by Technology, 2017 and 2024
    • 6.2. Mobile Payment Technology Market, by NFC Segment, 2015-2024 (USD Billion)
    • 6.3. Mobile Payment Technology Market by QR CodeSegment, 2015-2024 (USD Billion)
    • 6.4. Mobile Payment TechnologyMarket, by WAP & Card-BasedSegment, 2015-2024 (USD Billion)
    • 6.5. Mobile Payment Technology Market by Digital WalletSegment, 2015-2024 (USD Billion)
    • 6.6. Mobile Payment TechnologyMarket, by Banking App-basedSegment, 2015-2024 (USD Billion)
    • 6.7. Mobile Payment Technology Market by SMS-based/DCBSegment, 2015-2024 (USD Billion)
    • 6.8. Mobile Payment Technology Market by Others (USSD/STK, MST, etc.)Segment, 2015-2024 (USD Billion)
  •  
  • Chapter 7. Mobile Payment TechnologyMarket - ApplicationsSegment Analysis
    • 7.1. Mobile Payment TechnologyMarket Overview: by Applications
      • 7.1.1. Mobile Payment TechnologyMarketRevenue Share, by Applications, 2017 and 2024
    • 7.2. Mobile Payment TechnologyMarket, by BFSISegment, 2015-2024 (USD Billion)
    • 7.3. Mobile Payment Technology Market by RetailSegment, 2015-2024 (USD Billion)
    • 7.4. Mobile Payment Technology Market by HealthcareSegment, 2015-2024 (USD Billion)
    • 7.5. Mobile Payment Technology Market by EntertainmentSectorSegment, 2015-2024 (USD Billion)
    • 7.6. Mobile Payment TechnologyMarket, by IT and TelecomSegment, 2015-2024 (USD Billion)
    • 7.7. Mobile Payment Technology Market by Energy & UtilitiesSegment, 2015-2024 (USD Billion)
    • 7.8. Mobile Payment Technology Market by Hospitality & TourismSegment, 2015-2024 (USD Billion)
    • 7.9. Mobile Payment Technology Market by Others (Education, Government)Segment, 2015-2024 (USD Billion)
  •  
  • Chapter 8. Mobile Payment Technology Market- Regional Analysis
    • 8.1. Mobile Payment TechnologyMarket: Regional Overview
      • 8.1.1. Mobile Payment TechnologyMarketRevenueShare, by Region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America Mobile Payment Technology Market, 2015 - 2024(USD Billion)
      • 8.2.2. North America Mobile Payment Technology Market Revenue, byPayment Mode,2015 - 2024(USD Billion)
      • 8.2.3. North America Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
      • 8.2.4. North America Mobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.2.5.2. U.S. Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.2.5.3. U.S. Mobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.2.6. Canada
        • 8.2.6.1. Canada Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.2.6.2. Canada Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.2.6.3. CanadaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
      • 8.2.7. Mexico
        • 8.2.7.1. Mexico Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.2.7.2. Mexico Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.2.7.3. MexicoMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
    • 8.3. Europe
      • 8.3.1. EuropeMobile Payment Technology Market, 2015 - 2024(USD Billion)
      • 8.3.2. EuropeMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
      • 8.3.3. EuropeMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
      • 8.3.4. EuropeMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.3.5. UK
        • 8.3.5.1. UKMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.3.5.2. UKMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.3.5.3. UKMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.3.6. France
        • 8.3.6.1. FranceMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.3.6.2. FranceMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.3.6.3. FranceMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.3.7. Germany
        • 8.3.7.1. GermanyMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.3.7.2. GermanyMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.3.7.3. GermanyMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.3.8. Russia
        • 8.3.8.1. Russia Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.3.8.2. Russia Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.3.8.3. RussiaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
      • 8.3.9. Rest of Europe
        • 8.3.9.1. Rest of Europe Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.3.9.2. Rest of Europe Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.3.9.3. Rest of EuropeMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia-Pacific Mobile Payment Technology Market, 2015 - 2024(USD Billion)
      • 8.4.2. Asia PacificMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
      • 8.4.3. Asia PacificMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
      • 8.4.4. Asia PacificMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.4.5. China
        • 8.4.5.1. ChinaMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.4.5.2. ChinaMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.5.3. ChinaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.4.6. Japan
        • 8.4.6.1. JapanMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.4.6.2. JapanMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.6.3. JapanMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.4.7. India
        • 8.4.7.1. IndiaMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.4.7.2. IndiaMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.7.3. IndiaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.4.8. South Korea
        • 8.4.8.1. South Korea Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.4.8.2. South Korea Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.8.3. South KoreaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
      • 8.4.9. Australia
        • 8.4.9.1. Australia Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.4.9.2. Australia Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.9.3. AustraliaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
      • 8.4.10. Rest of APAC
        • 8.4.10.1. Rest of APAC Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.4.10.2. Rest of APAC Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.10.3. Rest of APACMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Mobile Payment Technology Market, 2015 - 2024(USD Billion)
      • 8.5.2. Latin AmericaMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
      • 8.5.3. Latin AmericaMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
      • 8.5.4. Latin AmericaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.5.5. Brazil
        • 8.5.5.1. BrazilMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.5.5.2. BrazilMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.5.5.3. BrazilMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.5.6. Argentina
        • 8.5.6.1. Argentina Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.5.6.2. Argentina Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.5.6.3. ArgentinaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
      • 8.5.7. Rest of Latin America
        • 8.5.7.1. Rest of Latin America Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.5.7.2. Rest of Latin America Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.5.7.3. Rest of Latin AmericaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa Mobile Payment Technology Market, 2015 - 2024(USD Billion)
      • 8.6.2. Middle East & AfricaMobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
      • 8.6.3. Middle East & AfricaMobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
      • 8.6.4. Middle East & AfricaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024(USD Billion)
      • 8.6.5. Saudi Arabia
        • 8.6.5.1. Saudi Arabia Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.6.5.2. Saudi Arabia Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.6.5.3. Saudi ArabiaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
      • 8.6.6. UAE
        • 8.6.6.1. UAE Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.6.6.2. UAE Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.6.6.3. UAEMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
      • 8.6.7. South Africa
        • 8.6.7.1. South Africa Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.6.7.2. South Africa Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.6.7.3. South AfricaMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
      • 8.6.8. Rest of MEA
        • 8.6.8.1. Rest of MEA Mobile Payment Technology Market Revenue, by Payment Mode, 2015 - 2024(USD Billion)
        • 8.6.8.2. Rest of MEA Mobile Payment Technology Market Revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.6.8.3. Rest of MEAMobile Payment Technology Market Revenue, by Applications, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. Company Profiles
    • 9.1. American Express Co.
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. Fortumo
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. BhartiAirtel Ltd.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. MasterCard International Inc.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. Microsoft Corporation
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. Boku Inc.
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product Portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Developments
    • 9.7. PayPal Inc.
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product Portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Developments
    • 9.8. AT&T Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Developments
    • 9.9. Visa Inc.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Developments

List of Figures

1. Market Research Process
2. Market Research Methodology
3. Mobile Payment Technology Market, 2015 - 2024(USD Billion)
4. Porter’s Five Forces Analysis: Mobile Payment Technology Market
5. Mobile Payment Technology MarketAttractivenessbyPayment Mode
6. Mobile Payment Technology MarketAttractivenessby Technology
7. Mobile Payment Technology MarketAttractivenessby Applications
8. Mobile Payment Technology MarketAttractiveness, by Region
9. Mobile Payment Technology Market Revenue Share, by Payment Mode, 2017&2024
10. Mobile Payment Technology Market, by Proximity Payment, 2015 - 2024(USD Billion)
11. Mobile Payment Technology Market, by Remote Payment, 2015-2024 (USD Billion)
12. Mobile Payment Technology Market Revenue Share, by Technology, 2017 & 2024
13. Mobile Payment Technology Market, by NFC, 2015 - 2024(USD Billion)
14. Mobile Payment Technology Market, by QR Code, 2015-2024 (USD Billion)
15. Mobile Payment Technology Market, by WAP & Card-Based, 2015 - 2024(USD Billion)
16.  Mobile Payment Technology Market, by Digital Wallet, 2015-2024 (USD Billion)
17. Mobile Payment Technology Market, by Banking App-based, 2015 - 2024(USD Billion)
18.  Mobile Payment Technology Market, by SMS-based/DCB, 2015-2024 (USD Billion)
19. Mobile Payment Technology Market, by Others (USSD/STK, MST, etc.), 2015 - 2024(USD Billion)
20. Mobile Payment Technology Market Revenue Share, by Applications, 2017 & 2024
21. Mobile Payment Technology Market, byBFSI, 2015 - 2024(USD Billion)
22. Mobile Payment Technology Market, by Retail, 2015-2024(USD Billion)
23. Mobile Payment Technology Market, by Healthcare, 2015-2024 (USD Billion)
24. Mobile Payment Technology Market, by Entertainment, 2015-2024 (USD Billion)
25. Mobile Payment Technology Market, by IT and Telecom, 2015 - 2024(USD Billion)
26. Mobile Payment Technology Market, by Energy & Utilities, 2015-2024 (USD Billion)
27. Mobile Payment Technology Market, by Hospitality & Tourism, 2015-2024 (USD Billion)
28. Mobile Payment Technology Market, by Others (Education, Government), 2015-2024 (USD Billion)
29. Mobile Payment Technology MarketRevenue Share, by Region, 2017&2024
30. North AmericaMobile Payment Technology, 2015 - 2024, (USD Billion)
31. Europe Mobile Payment Technology Market, 2015 - 2024, (USD Billion)
32. Asia Pacific Mobile Payment Technology Market, 2015 – 2024(USD Billion)
33. Latin America Mobile Payment Technology Market, 2015-2024(USD Billion)
34.  Middle East & Africa Mobile Payment Technology Market, 2015 – 2024, (USD Billion)


List of Tables

1. Mobile Payment Technology Market: Snapshot
2. Drivers for Mobile Payment Technology Market: Impact Analysis
3. Restraints of Mobile Payment Technology Market: Impact Analysis
4. North America Mobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
5. North America Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
6. North America Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
7. U.S.Mobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
8. U.S. Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
9. U.S. Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
10. CanadaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
11. CanadaMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
12. CanadaMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
13. MexicoMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
14. MexicoMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
15. MexicoMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
16. EuropeMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
17. EuropeMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
18. EuropeMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
19. UKMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
20. UK Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
21. UK Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
22. FranceMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
23. France Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
24. France Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
25. GermanyMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
26. Germany Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
27. Germany Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
28. RussiaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
29. RussiaMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
30. RussiaMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
31. Rest of EuropeMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
32. Rest of EuropeMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
33. Rest of EuropeMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
34. Asia PacificMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
35. Asia Pacific Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
36. Asia Pacific Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
37. ChinaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
38. China Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
39. China Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
40. JapanMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
41. Japan Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
42. Japan Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
43. India Mobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
44. India Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
45. India Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
46. South KoreaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
47. South KoreaMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
48. South KoreaMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
49. AustraliaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
50. AustraliaMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
51. AustraliaMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
52. Rest of APACMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
53. Rest of APACMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
54. Rest of APACMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
55. Latin AmericaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
56. Latin America Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
57. Latin America Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
58. BrazilMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
59. Brazil Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
60. Brazil Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
61. ArgentinaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
62. ArgentinaMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
63. ArgentinaMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
64. Rest of Latin AmericaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
65. Rest of Latin AmericaMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
66. Rest of Latin AmericaMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
67. Middle East & AfricaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
68. Middle East & Africa Mobile Payment Technology Market Revenue, by Technology, 2015 – 2024 (USD Billion)
69. Middle East & Africa Mobile Payment Technology Market Revenue, by Applications, 2015 – 2024 (USD Billion)
70. Saudi ArabiaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
71. Saudi ArabiaMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
72. Saudi ArabiaMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
73. UAEMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
74. UAEMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
75. UAEMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
76. South AfricaMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
77. South AfricaMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
78. South AfricaMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)
79. Rest of MEAMobile Payment Technology Market Revenue, by Payment Mode, 2015 – 2024(USD Billion)
80. Rest of MEAMobile Payment Technology Market Revenue, by Technology, 2015 – 2024(USD Billion)
81. Rest of MEAMobile Payment Technology Market Revenue, by Applications, 2015 – 2024(USD Billion)

Analysis

There are various types of mobile payment technologies that are playing an important role in modifying the consumer’s payment method along with transforming the global payment industry.

Rapidly increasing Smartphone penetration globally is primarily driving the growth of mobile payment technology market. Consumers are shifting towards mobile payments from traditional cash transactions considering the advantages offered by technology such as quick payment processing and perks offered by major brands. Other benefits offered by this technology are the commencement of payment irrespective of the time and place of transaction. Increasing adoption of mobile wallets and various banking apps that provide an enhanced security level by sending an OTP/2FA to the user is anticipated to trigger the mobile payment technology market growth. It has been estimated that mobile wallets will surpass the use of both debit and credit cards by 2020.

Global Mobile Payment Technology Market

The global usage of smartphones by population was around 50% in 2017 and is expected to reach 66% by 2022,i.e., around 3.8 billion people will use smartphones by 2022. Escalating growth trajectory of mobile phone users is projected to drive the mobile payment technology market in the forecast period. Introduction of numerous mobile payment applications based on Android and iOSoperating platforms by third-party providers to easily accommodate payment process is another factor that is likely to fuel the growth trajectory of the mobile payment technology market in the upward direction.

Consistently increasing internet users in developing countries of the world is projected to contribute considerably towards the mobile payment industry. Security concerns related to mobile payment processing can hamper the growth of the market. According to a survey, 47% of the cyber security personnel have cast doubts regarding payments made through mobile devices. However, providing a high level of security by means of biometric access and trending digitization of the global payment industry is expected to open new growth avenues for the mobile payment technology market over the years ahead.

Global mobile payment technology market is segmented on the basis of payment mode, technology, applications, and regions. Payment mode segment is classified into proximity payment and remote payment mode. Remote payment sub-segment is projected to have a substantial share in the forecast period. Technology segment is fragmented into NFC, QR code, WAP &card-based, digital wallet, banking app-based, SMS-based/DCB, and others [USSD/STK, MST, etc.]. Digital or mobile wallet segment is anticipated to have lucrative growth during the estimated period. BFSI, retail, healthcare, entertainment, IT and telecom, energy & utilities, hospitality & tourism, and others [education, government]isthe application landscape of the global mobile payment technology market. The retail industry is prognosticated to have a significant share in the global market. The regional segmentation is divided into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.

Major players operating in the global mobile payment technology market are Google Inc., Visa Inc., American Express Co., Fortumo, BhartiAirtel Ltd., MasterCard International Inc., Microsoft Corporation, Boku Inc., PayPal Inc., and AT&T Inc. Launching of advanced technological applications is one of the primary strategies adopted by the leading players of the market.


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