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Mobile Payment Transaction Market - Global Industry Analysis

Mobile Payment Transaction Market - By Type of Mobile Payment (Mobile Money And Mobile Wallet/Bank Cards), By Mode Of Transaction (NFC, WAP, And SMS), By Application (Energy & Utilities, Hospitality & Transportation, Entertainment, Retail, Healthcare, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Published Date: 15-Jan-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-1704 Status : Published

The global Mobile Payment Transaction Market value was estimated at 924.98 (USD Billion) in 2018 and is projected to register a CAGR of nearly 27.9% during the period from 2019 to 2025.

Description

The global Mobile Payment Transaction Market value was estimated at 924.98 (USD Billion) in 2018 and is projected to register a CAGR of nearly 27.9% during the period from 2019 to 2025. Apparently, the market is likely to accrue revenue worth about 6,798.01(USD Billion) by 2025. The report offers valuation and analysis of the Mobile Payment Transaction Market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

Introduction

Mobile payment is a substitute method of conventional payment system where cash, credit cards, and cheque are the mode of payment. Mobile payment offers the customer a method of purchasing goods & services through smartphone, iPhone, and tablets. Apart from this, mobile payment facilitates online cashless transactions and makes use of myriad techniques including direct mobile billing, near field communication, and SMS-based transactional payment. It also enables hassle-free financial deals and enhances transactional security. Thriving e-commerce activities along with surge in the m-commerce sector in developing economies will make notable contributions towards overall mobile payment transaction market revenue over the assessment period.

Furthermore, mobile payments are utilized for myriad operations such as movie ticket ordering, upgrading of games on smartphones, and ordering of food through mobile. All these aspects have garnered high popularity for the mobile payment transactions in the years ahead.

Global Mobile Payment Transaction Market

Market Growth Drivers

Burgeoning demand for payment deals through mobile or smartphones is predicted to enlarge the scope of mobile payment transaction market over the assessment period. With massive customer demand, mammoth firms are devising new payment methods and this will further steer the expansion of the industry over the forecast timeline. Launching of payment wallets and new cash back offers on mobile payment will translate into humungous market penetration across the globe over the forecast timespan. With internet penetration witnessed in nook & corner across the globe and rise in the use of smartphones in the developing countries will pave a way for expansion of mobile payment transaction market in the years ahead. The emergence of e-Commerce industry will play a vital role in shaping the growth of mobile payment transaction industry in the ensuing years.

Furthermore, a prominent surge in online retail activities and changing lifestyles is predicted to result in humungous surge in the business growth over the forecast timespan. Governments across the globe are trying to create secured mobile payment infrastructure in the remote & distant locations and also aiding banks to develop such infrastructure to enable cashless transactions. This, in turn, will generate massive demand for mobile payment transactional activities across the globe in the years to come.

Asia Pacific Market Revenue To Hit Scalable Heights By 2025

The expansion of mobile payment transaction industry in Asia Pacific during 2019-2025 can be credited to presence of strong FinTech infrastructure facility and huge investments by the key players in the region. In addition to this, the introduction of quick payment methods including NFC, mobile point- of-sale, and banking app transactions is prevalent in the countries such as India, China, Japan, Singapore, and Philippines and this will translate into huge regional market expansion over the ensuing years.

Key participants profiled in the report include Mahindra Comviva Safaricom Ltd, Econet Wireless Zimbabwe ltd, Millicom International Cellular, MasterCard Incorporated, MTN Group Ltd, Bharti Airtel Ltd, Orange S.A., and PayPal Holdings, Inc.

The global mobile payment Transaction market is segmented as follows:

By Mode of Transaction

  • Short Message Service (SMS)
  • Near-field Communication (NFC)
  • Wireless Application Protocol (WAP)

By Type of Mobile Pay

  • Mobile Wallet/Bank Cards
  • Mobile Money

By Application

  • Entertainment
  • Energy & Utilities
  • Healthcare
  • Retail
  • Hospitality & Transportation
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • 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
  • Chapter 2. Executive Summary
    • 2.1. Mobile Payment Transaction Market, 2015–2025 (USD Billion)
    • 2.2. Mobile Payment Transaction Market: Snapshot
  • Chapter 3. Global Mobile Payment Transaction Market– Industry Analysis
    • 3.1. Mobile Payment Transaction Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Burgeoning demand for payment deals through mobile or smartphones is predicted to enlarge the scope of mobile payment transaction market over the assessment period.
      • 3.2.2. With internet penetration witnessed in nook & corner across the globe and rise in the use of smartphones in the developing countries will pave a way for expansion of mobile payment transaction market in the years ahead.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Type of Mobile Pay
      • 3.4.2. Market attractiveness analysis By Application
      • 3.4.3. Market attractiveness analysis By Mode of Transaction
  • Chapter 4. Global Mobile Payment Transaction Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Mobile Payment Transaction Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Mobile Payment Transaction Market– Type of Mobile Pay Analysis
    • 5.1. Global Mobile Payment Transaction Market overview: By Type of Mobile Pay
      • 5.1.1. Global Mobile Payment Transaction Market share, By Type of Mobile Pay , 2019 and 2025
    • 5.2. Mobile Money
      • 5.2.1. Global Mobile Payment Transaction Market By Mobile Money , 2015–2025 (USD Billion)
    • 5.3. Mobile Wallet/Bank Cards
      • 5.3.1. Global Mobile Payment Transaction Market By Mobile Wallet/Bank Cards, 2015–2025 (USD Billion)
  • Chapter 6. Global Mobile Payment Transaction Market– Mode Of Transaction Analysis
    • 6.1. NFC
      • 6.1.1. Global Mobile Payment Transaction Market By NFC , 2015–2025 (USD Billion)
    • 6.2. WAP
      • 6.2.1. Global Mobile Payment Transaction Market By WAP, 2015–2025 (USD Billion)
    • 6.3. SMS
      • 6.3.1. Global Mobile Payment Transaction Market By SMS, 2015–2025 (USD Billion)
  • Chapter 7. Global Mobile Payment Transaction Market– Application Analysis
    • 7.1. Global Mobile Payment Transaction Market overview: By Application
      • 7.1.1. Global Mobile Payment Transaction Market share, By Application , 2019 and 2025
    • 7.2. Energy & Utilities
      • 7.2.1. Global Mobile Payment Transaction Market By Energy & Utilities, 2015–2025 (USD Billion)
    • 7.3. Hospitality & Transportation
      • 7.3.1. Global Mobile Payment Transaction Market By Hospitality & Transportation, 2015–2025 (USD Billion)
    • 7.4. Entertainment
      • 7.4.1.1. Global Mobile Payment Transaction Market By Entertainment, 2015–2025 (USD Billion)
    • 7.5. Retail
      • 7.5.1.1. Global Mobile Payment Transaction Market By Retail, 2015–2025 (USD Billion)
    • 7.6. Healthcare
      • 7.6.1.1. Global Mobile Payment Transaction Market By Healthcare, 2015–2025 (USD Billion)
    • 7.7. Others
      • 7.7.1.1. Global Mobile Payment Transaction Market By Others, 2015–2025 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Econet Wireless Zimbabwe ltd
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Service Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. MasterCard Incorporated
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Service Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. MTN Group Ltd
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Service Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Orange S.A.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Service Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Mahindra Comviva Safaricom Ltd
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Service Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Bharti Airtel Ltd
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Service Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Millicom International Cellular
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Service Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. PayPal Huldings, Inc.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Service Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development

List of Figures

1. Market research process
2. Market research methodology
3. Global Mobile Payment Transaction Market, 2015–2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global  Mobile Payment Transaction Market attractiveness, By Type of Mobile Pay 
6. Global  Mobile Payment Transaction Market attractiveness, By Application
7. Global  Mobile Payment Transaction Market attractiveness, By Mode of Transaction
8. Global  Mobile Payment Transaction Market Share by Type of Mobile Pay ,2019 and 2025 (USD Billion)
9. Global  Mobile Payment Transaction Market by Mobile Money  ,2015–2025 (USD Billion)
10. Global  Mobile Payment Transaction Market by Mobile Wallet/Bank Cards ,2015–2025 (USD Billion)
11. Global  Mobile Payment Transaction Market Share by Mode of Transaction, 2019 and 2025 (USD Billion)
12. Global  Mobile Payment Transaction Market by NFC ,2015–2025 (USD Billion)
13. Global  Mobile Payment Transaction Market by WAP ,2015–2025 (USD Billion)
14. Global  Mobile Payment Transaction Market by SMS ,2015–2025 (USD Billion)
15. Global  Mobile Payment Transaction Market Share by Application,2019 and 2025 (USD Billion)
16. Global  Mobile Payment Transaction Market by Energy & Utilities,2015–2025 (USD Billion)
17. Global  Mobile Payment Transaction Market by Hospitality & Transportation,2015–2025 (USD Billion)
18. Global  Mobile Payment Transaction Market by Entertainment,2015–2025 (USD Billion)
19. Global  Mobile Payment Transaction Market by Entertainment,2015–2025 (USD Billion)
20. Global  Mobile Payment Transaction Market by Retail, 2015–2025 (USD Billion)
21. Global  Mobile Payment Transaction Market by Healthcare,2015–2025 (USD Billion)
22. Global  Mobile Payment Transaction Market by Others,2015–2025 (USD Billion)
23. Global  Mobile Payment Transaction Market share, by Region, 2019 and 2025
24. North America Mobile Payment Transaction Market, 2015–2025 (USD Billion)
25. Europe Mobile Payment Transaction Market, 2015–2025 (USD Billion)
26. Asia Pacific Mobile Payment Transaction Market, 2015–2025 (USD Billion)
27. Latin America Mobile Payment Transaction Market, 2015–2025 (USD Billion)
28. The Middle East and Africa Mobile Payment Transaction Market, 2015–2025 (USD Billion)
 


List of Tables

1. Global Mobile Payment Transaction Market: snapshot
2. Drivers of the Mobile Payment Transaction Market: impact analysis
3. North America  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
4. North America  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
5. North America  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
6. The U.S.  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
7. The U.S.  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
8. The U.S.  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
9. Rest of North America  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
10. Rest of North America  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
11.  Rest of North America  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
12.  Europe  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
13. Europe  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
14. Europe  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
15. UK  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
16. UK  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
17. UK  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
18. France  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
19. France  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
20. France  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
21. Germany  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
22. Germany  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
23. Germany  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
24. Rest of Europe  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
25. Rest of Europe   Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
26. Rest of Europe  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
27. Asia Pacific  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
28. Asia Pacific  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
29. Asia Pacific Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
30. China  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
31. China  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
32. China  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
33. Japan  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
34. Japan  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
35. Japan  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
36. India  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
37. India  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
38. India  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
39. Rest of Asia Pacific  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
40. Rest of Asia Pacific  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
41. Rest of Asia Pacific Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
42. Latin America  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
43.  Latin  America  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
44. Latin America  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
45. Brazil  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
46. Brazil  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
47. Brazil  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
48. Rest of Latin America  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
49. Rest of Latin America  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
50. Rest of Latin America  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
51. The Middle East and Africa  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
52. The Middle East and Africa  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
53. The Middle East and Africa  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
54. Saudi Arabia  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
55. Saudi Arabia  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
56. Saudi Arbia  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
57. South Africa  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
58. South Africa  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
59. South Africa  Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)
60. Rest of the Middle East & Africa  Mobile Payment Transaction Market revenue, By Type of Mobile Pay , 2015–2025 (USD Billion)
61. Rest of the Middle East & Africa  Mobile Payment Transaction Market revenue, By Application, 2015–2025 (USD Billion)
62. Rest of the Middle East & Africa   Mobile Payment Transaction Market revenue, By Mode of Transaction, 2015–2025 (USD Billion)


 
 

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FrequentlyAsked Questions

Burgeoning demand for payment deals through mobile or smartphones is predicted to enlarge the scope of mobile payment transaction market over the assessment period. With massive customer demand, mammoth firms are devising new payment methods and this will further steer the expansion of the industry over the forecast timeline. Launching of payment wallets and new cash back offers on mobile payment will translate into humungous market penetration across the globe over the forecast timespan. With internet penetration witnessed in nook & corner across the globe and rise in the use of smartphones in the developing countries will pave a way for expansion of mobile payment transaction market in the years ahead. The emergence of e-Commerce industry will play a vital role in shaping the growth of mobile payment transaction industry in the ensuing years.

According to Zion market research, the global Mobile Payment Transaction Market value was estimated at 924.98 (USD Billion) in 2018 and is projected to register a CAGR of nearly 27.9% during the period from 2019 to 2025. Apparently, the market is likely to accrue revenue worth about 6,798.01(USD Billion) by 2025.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue during 2019-2025. The surge in the expansion of market in the sub-continent over the estimated timespan is due to presence of strong FinTech infrastructure facility and huge investments by the key players in the region. In addition to this, the introduction of quick payment methods including NFC, mobile point- of-sale, and banking app transactions is prevalent in the countries such as India, China, Japan, Singapore, and Philippines and this will translate into huge regional market expansion over the ensuing years.

The key players profiled in the report include Mahindra Comviva Safaricom Ltd, Econet Wireless Zimbabwe ltd, Millicom International Cellular, MasterCard Incorporated, MTN Group Ltd, Bharti Airtel Ltd, Orange S.A., and PayPal Holdings, Inc. New product innovations and expansion of the product portfolio will further contribute towards the market revenue over the years ahead.

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