The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile Payments Market Report. The growth sectors of the Mobile Payments Market Report are identified with precision for a better growth perspective.
The mobile payments market is set to score high as the ease of monetary transaction is taking the world by storm. All one needs now is a smartphone to transfer or receive money quickly. The cashless medium has become quite popular in no time as it keeps the hassles of carrying currency at bay. What wins it accolades is the transparency and accessibility with which it can operate. In addition, the mobile payments market is gaining the favors of governments who are now promoting guidelines to banks asking them to encourage mobile payments. The global mobile payments market is now eyeing for an astonishing USD 3,300 billion valuation with a 32% CAGR during the forecast period (2018-2023). Market Research Future’s (MRFR’s) report on the same market provides a detailed analysis of segments and worthwhile factors. Apart from the benefits enjoyed by consumers, businesses can also benefit as the transaction becomes smoother and hassle-free. The digitalized process also helps in the analysis of customer behavior which can be a great tool for customer retention policies. Small businesses are also gaining much by knowing consumer behaviors from their payment patterns.
Despite such benefits, the mobile payments market has a drawback as it can get breached by online hackers. This would then leave a lot of personal information defenseless making individuals vulnerable to further attacks. However, banks and other organizations are fighting hard to constantly update their apps and secure them for faster transaction procedure.
Segmentation:
The global mobile payments market can be segmented by mode of payment, mode of transaction, and application.
Based on the mode of payment, the mobile payments market can be segmented into mobile wallet/bank cards and mobile money.
Based on the mode of transaction, the mobile payments market includes short message service (SMS), wireless application protocol (WAP), near field communication (NFC), and others.
Application-wise segmentation of the mobile payments market includes retail, education, entertainment, healthcare, hospitality, and others.
Competitive Analysis:
Some of the prominent mobile payments market influencers are Alipay.com (China), Amazon.com, Inc. (U.S.), Apple (U.S.), Starbucks Corporation (U.S.), PayPal holdings, Inc. (U.S.), General Motors Company (U.S.), MasterCard Incorporated (U.S.), Samsung Group (South Korea), Paytm (India), Square, Inc. (U.S.), and others.
In December 2017, Apple launched its Apple Pay using which the users can now send or receive money. The process is simple and much secured than the regular apps which Apple thinks can make the app popular among the Apple users.
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The latest trending report Global Mobile Payments Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Mobile Payments market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 9.3% in the forecast period of 2020 to 2025 and will expected to reach USD 21730 million by 2025, from USD 15240 million in 2019.The Mobile Payments market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/31558-mobile-payments-market-analysis-reportThe major players covered in Mobile Payments are:AppleOrangeMastercardGoogleVodafonePayPalGlanceBharti AirtelOne97 CommunicationsSamsungPaytmVerifone SystemsWeChat PayAmazon PaySquareAlipayBy Type, Mobile Payments market has been segmented into: Mobile wallet/Bank cards Mobile moneyBy Application, Mobile Payments has been segmented into: Retail Education Entertainment HealthcareThe report offers in-depth assessment of the growth and other aspects of the Mobile Payments market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia) South America (Brazil, Argentina, Colombia) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Mobile Payments Market @ https://www.decisiondatabases.com/contact/download-sample-31558There are 14 Chapters to deeply display the global Mobile Payments market.1 Mobile Payments Market Overview2 Company Profiles3 Global Mobile Payments Market Competition, by Players4 Global Mobile Payments Market Size by Regions5 North America Mobile Payments Revenue by Countries6 Europe Mobile Payments Revenue by Countries7 Asia-Pacific Mobile Payments Revenue by Countries8 South America Mobile Payments Revenue by Countries9 Middle East and Africa Revenue Mobile Payments by Countries10 Global Mobile Payments Market Segment by Type11 Global Mobile Payments Market Segment by Application12 Global Mobile Payments Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global Mobile Payments Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-31558Other Reports by DecisionDatabases.com:Global E-commerce Payment Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Unified Payments Interface Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global P2P Payments Market 2020 by Company, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.comNews Source – https://www.industrynewsengine.com/2020/11/18/mobile-payments-market-2020-covid-19-impact-analysis-report-2025/
Mobile Payments MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile Payments Market.
Mobile payments are slowly replacing the traditional alternatives like credit cards, debit cards, cash etc.
As the number of internet users is increasing day by day, mobile payments are gaining immense popularity.The regional analysis of mobile payments market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World.
Mode of transaction includes three modes, short message service, wireless application protocol and near field communication.
Among the end use applications, retails is observed to have a high market share due to increasing in-store payments through smartphones.According to Market Research Future Analysis, Mobile Payments Market has been valued at approx.
USD 3,300 Billion by the end of forecast period with 32% of CAGR during forecast period 2017 to 2023Market Research Future (MRFR) recognizes the following companies as the key players in the mobile payments market - Alipay.com (China), Amazon.com, Inc. (U.S.), Apple (U.S.), Starbucks Corporation (U.S.), PayPal holdings, Inc. (U.S.), General Motors Company (U.S.), MasterCard Incorporated (U.S.), Samsung Group (South Korea), Paytm (India), Square, Inc. (U.S.) among others.Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:The Mobile Payments Market has been segmented on the basis of mode of payment, mode of transaction and end use application.
Global Mobile Payments Market AnalysisThe global Mobile Payments Market size is predicted to touch USD 3,300 billion at a 32% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis.
Mobile payment, simply put, is the payment of services or goods or transfer of money with smartphones/mobiles.
This form of payment is used in different operations such as buying movie tickets, smartphone game upgrades, ordering takeaway food, and others.The research report consisting of the Mobile Payments Industry share, size, volume and cost structure coupled with the exact industry valuation and determination of the demand to supply ratio.Various factors are propelling the global mobile payments market share.
According to the recent MRFR report, such factors include increasing use during COVID-19 pandemic, increased penetration of internet and smartphone users worldwide, changing lifestyle, booming retail industry, daily commerce, rigorous investments in mobile payment technology, and governments encouraging banks to develop infrastructure for secure and safe mobile payments especially in rural areas.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2922On the contrary, the gap between the adoption of mobile payment technology and closing the gap may limit the global mobile payments market growth over the forecast period.Mobile Payments Market Key PlayersLeading contenders profiled in the global mobile payment technologies market report include -Starbucks Corporation (U.S.)com (China)Samsung Group (South Korea)com, Inc. (U.S.)Square, Inc. (U.S.) PayPal Holdings, Inc. (U.S.)Apple (U.S.)MasterCard Incorporated (U.S.)General Motors Company (U.S.)Paytm (India)Check Discount @ https://www.marketresearchfuture.com/check-discount/2922Mobile Payments Market SegmentationThe MRFR report highlights an inclusive segmental analysis of the global mobile payments market based on end use application, mode of transaction, and mode of payment.By mode of payment, the global mobile payments market is segmented into mobile wallet/bank cards and mobile money.
Of these, the mobile wallet/bank cards segment will lead the market over the forecast period.By mode of transaction, the global mobile payments market is segmented into near field communication (NFC), short message service (SMS), and wireless application protocol (WAP).
Of these, the retail segment will have a major share in the market over the forecast period.Mobile Payments Market Regional AnalysisBased on the region, the global mobile payments market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW).Of these, the APAC region will dominate the market over the forecast period.
All one needs now is a smartphone to transfer or receive money quickly.
What wins it accolades is the transparency and accessibility with which it can operate.
The global mobile payments market is now eyeing for an astonishing USD 3,300 billion valuation with a 32% CAGR during the forecast period (2018-2023).
Apart from the benefits enjoyed by consumers, businesses can also benefit as the transaction becomes smoother and hassle-free.
The digitalized process also helps in the analysis of customer behavior which can be a great tool for customer retention policies.
Mobile payments are slowly replacing the traditional alternatives like credit cards, debit cards, cash etc.
