Global M-Commerce Payments Market: Snapshot
Owing to the growing ubiquity of smartphones, the prosperity of the m-commerce payments is almost certain, with the demand projected to increment at an exceptional CAGR of 46.9% during the forecast period of 2017 to 2022. Sheer ease of usability that m-commerce brings to the users is the most powerful driver of this market, although the slow adoptability has been a little hindrance. Nevertheless, a number of companies are now offering in-app payments, enhancing security of the transactions and personal details, and promoting sales via “buy button” on social media platforms. In addition to that, since m-commerce enables the merchants to analyze the buying habit of individual customer and make lucrative offers to increment sales, growing number of vendors of various fields are expected to adopt m-commerce payment methods. In terms of valuation, the revenue in the global m-commerce payments market is estimated to reach US$7.55 bn by 2022, exponentially up from its evaluated worth of merely US$1.11 bn in 2017.
Peer-to-Peer Most Preferred Mode of Payment Segment
On the basis of mode of payment, the global m-commerce payments market has been segmented into peer-to-peer transfer payments, near field communication m-commerce payments, and barcode m-commerce payments. In 2017, the peer-to-peer transfer payments segment accounted for US$2.68 bn or 45.1% of the overall demand, and by 2022, the figures are projected to reach US$4.97 bn or 46.2%, respectively. The demand for P2P transfer payments is anticipated to expand at a CAGR of 40.0%, and this absolute growth is larger than that of any other segment.
Grab an Exclusive PDF Brochure of this Report @
https://www.transparencymarketresearch.com/m-commerce-payments-market.html
Based on end-use industry, the global m-commerce payments market has been bifurcated into retail m-commerce, hospitality and tourism, IT and telecommunication, banking, financial services and insurance (BFSI), media and entertainment, healthcare, airline, and others. Device-wise, the market for m-commerce payments has been categorized into smart devices, feature phones, and other electronic devices. On the basis of transaction, the market for m-commerce payments has been classified into mobile retailing, mobile booking or ticketing, mobile banking, mobile billing, and other modes of transactions.
Get More Press Releases by TMR:
Asia Pacific Projected for Most Robust Growth Rate
Geographically, the report takes stock of the potential of m-commerce payments market in the country of Japan as well as in the regions of North America, Latin America, Europe, Asia Pacific except Japan (APEJ), and the Middle East and Africa (MEA). Among these, North America constitutes the most profitable regional market for the vendors operating in the m-commerce payments market, expanding the demand at an above-average CAGR of 47.4% during the forecast period of 2017 to 2022. In terms of revenue, the North America m-commerce payments market is estimated to be worth US$2.47 bn by 2022. High adoptability of new technology, ubiquity of electronic devices, healthy e-commerce sector, and greater buying power of the citizens of developed countries such as the U.S. and Canada are some of the factors favoring the North America m-commerce payments market.
Purchase our premium research report@
https://www.transparencymarketresearch.com/checkout.php?rep_id=30728<ype=S
While Europe currently is the second most lucrative region in the m-commerce payments market, and is projected to increment the demand at a healthy CAGR of 44.0%, the APEJ region is anticipated to exhibit the most promising growth rate of 51.4% during the forecast period of 2017 to 2022. India and China are two of the world’s most populous countries and governments in both these countries are pushing for cashless transactions in order to maintain parity. Various merchants in these APEJ countries are adopting new technology and are experiencing increased sales. The m-commerce payments market valuation of this region is estimated to reach US$ 189,506.4 mn by 2022.
Apple Inc., Alphabet Inc., Mastercard Incorporated, ACI Worldwide, Inc., DH Corporation, Fidelity National Information Services, Inc., Fiserv, Inc., Paypal Holdings, Inc., Square, Inc., Visa, Inc., Jack Henry & Associates Inc., and Samsung Electronics Company Limited are some of the key companies currently operating in the global m-commerce payments market.
About TMR
TMR has a track record to provide ace market research solutions that has earned us the trust of our clients for their business intelligence needs. Serving 13 industry verticals with a database of over 1,000 reports and 1 million + data points, our expanse to provide market research solutions is exceptional. We deep dive for a thorough understanding of the subject, gather precise information, and then analyze it to present solutions that are par excellence.
Contact us:
Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY – 12207,
United States
Tel: +1-518-618-1030
Email: [email protected]
The e-payment mode will help you have a successful shopping on the go and should be incorporated during the mobile app development phase.
A direct and simple technique with quick payments consolidates the best payment gateway.
The payment gateway providers list is described below:
There are some aspects to be considered like security, cost, and other payment modes while going for an online payment gateway.
There are four key parties required in an online transaction:
The payment processor and payment portal help in connecting all 4 parties in the payment chain.
ReportCrux Market Research has published a new report titled " Mobile Payment Market by Payment Mode (Remote Payment, and Proximity Payment); by Technology (NFC, Digital Wallet, WAP & Card-Based, SMS-Based/DCB, Banking Based App, QR Code, and Others); by Application (BFSI, Entertainment, Energy & Utilities, IT & Telecom, Retail, Healthcare, Hospitality & Tourism, and Others); and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.Mobile Payment MarketMobile Payment market is estimated to grow from USD 827.6 Billion in 2019 to USD 8,724.2 Billion by 2027, at a CAGR of 34.2% during 2020-2027Market OverviewMobile payments apply to purchases or transactions made using a mobile device by regulatory bodies under financial supervision.
This service removes conventional alternatives such as cheque and cash, credit cards thus offering end users a high degree of ease.Smart phones have become an important commodity to all individuals with the increasingly growing global economy.
As a result, organizations and regulatory bodies have earned favorable initiatives as it is especially useful in regions with low bank penetration.The growth in demand for simple and trouble-free transactions of goods and services is contributing to the growing consumer preference for digital and cashless payments.
Several global players have introduced new strategies, such as Apple and Samsung, to extend their scope and gain a greater share in the global mobile payment industry.Worldwide stores and utilities are rapidly embracing and incorporating mobile payment apps such as Apple Pay, Samsung Pay, AliPay, PayPal, Amazon Pay, GPay, and WeChat Pay to accept payments.
This pattern is expected to continue for several years to come due to regular trade, changing lifestyle, and rapid growth in online retailing.However, it is anticipated that security issues among users will limit the market.
In addition, failure of configured mobile device with financial data is a serious concern in the mobile payments market.Key Player analysisMajor players in mobile payment market are• Vodacom Group Limited (South Africa) • MTN Group Limited (South Africa) • Econet Wireless Zimbabwe Limited (Zimbabwe) • Safaricom Limited (Kenya) • Orange S.A. (France) • Mahindra Comviva (India) • PayPal Holdings, Inc. (U.S.) • Millicom International Cellular S.A. (Luxembourg) • Bharti Airtel Limited (India) • MasterCard Incorporated (U.S.)Segmentation AnalysisThe global market for the mobile payment is segmented into payment mode, technology, application, and region.By Payment ModeBased on payment mode, the market is segmented into remote payment, and proximity payment.
The latest trending report Global E-commerce Payment 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 E-commerce Payment 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.The global E-commerce Payment market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 11.0%% in the forecast period of 2020 to 2025 and will expected to reach USD 6390580 million by 2025, from USD 4211740 million in 2019.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/16010-e-commerce-payment-market-analysis-reportThe major players covered in E-commerce Payment are:AlipayJCBVisaTenpayAmerican ExpressPayPalChina UnionPayMasterCardDiscoverBy Type, E-commerce Payment market has been segmented into:Cash on deliveryDirect debitsE-invoicesDigital walletsPostPayPrePayPre-paid cardsDebit cardsCredit cardsCharge cardsBy Application, E-commerce Payment has been segmented into:CommercialBanksFinanceThe report offers in-depth assessment of the growth and other aspects of the E-commerce Payment 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 E-commerce Payment Market @ https://www.decisiondatabases.com/contact/download-sample-16010There are 14 Chapters to deeply display the global E-commerce Payment market.1 E-commerce Payment Market Overview2 Company Profiles3 Global E-commerce Payment Market Competition, by Players4 Global E-commerce Payment Market Size by Regions5 North America E-commerce Payment Revenue by Countries6 Europe E-commerce Payment Revenue by Countries7 Asia-Pacific E-commerce Payment Revenue by Countries8 South America E-commerce Payment Revenue by Countries9 Middle East and Africa Revenue E-commerce Payment by Countries10 Global E-commerce Payment Market Segment by Type11 Global E-commerce Payment Market Segment by Application12 Global E-commerce Payment Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global E-commerce Payment Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-16010Other Reports by DecisionDatabases.com:Global P2P Payments Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Mobile Payments Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Online Payment Gateway 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.com/
