There have been various mobile applications created by various software developers to ensure the safety of one’s money which also reduces the need to carry extra cash.
These mobile payments can be recharged as required or it can be directly linked with bank accounts which further reduce the need of recharging.Global Mobile Payment Market report is segmented on the basis of mode of transaction, type of mobile payment, application and by regional.
Based upon mode of transaction, the mobile payment market is fragmented into Short Message Service (SMS), Near-field Communication (NFC), and Wireless Application Protocol (WAP).
The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.The mobile payments market is mainly driven by the constant rising demand of smartphone along with fast developing mobile applications.
On the other hand, constant update of existing mobile payment application accompanied by the high penetration rate of internet services along with the launch of new mobile payment application with user friendly interface & developed security.
Moreover, growth in consumer awareness along with high end services as well as constant updates to enhance the user experience is expected to contribute the market growth.The major market players profiled in the mobile payment market includes Orange S.A., Bharti Airtel Limited, Vodacom Group Limited, Safaricom Limited, Econet Wireless Zimbabwe Limited, Millicom International Cellular SA, MasterCard Incorporated, PayPal Holdings, Inc., MTN Group Limited, and Mahindra Comviva among others.About Us:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.