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.