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Mobile Payment Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Mobile Payment Technologies Industry: Forecasts to 2024

  • February 2017
  • 193 pages
  • ID: 4743086
In this report:
Growing adoption of advanced technologies such as near field communication, wearable devices, and mobile point-of-sale are expected to lift the demand for mobile payment technologies in forthcoming years.
This is also a major factor which is expected to boost the mobile payment technologies market in the coming years.


Table of Contents

Global Mobile Payment Technologies Market: Summary

This business report offers an analysis of the overall mobile payment technologies market for the time span from 2014 to 2024, wherein the time from 2016 to 2024 comprises the outlook period and 2015 is the base year. Info for 2014 is provided as historical information. The study covers all the main trends and technologies playing a main role in the growth of the mobile payment technologies segment over the outlook period. It also accentuates different drivers, market restraints, and alternatives forecasted to influence the market's growth during this period. The market research offers a holistic perspective of the growth of the mobile payment technologies market overall the outlook period in terms of income estimates, across Asia Pacific (APAC), South America region, North America continent, Europe (EU), and Middle East (ME) & African continent.

Global Mobile Payment Technologies Market: Drivers and Trends

Mobile payment is a technology which allows consumers to make immediate payments for products and services by using a portable electronic device including a clever phones, tablets or cell phones, which are operated as a payment vehicles. Increasing adoption of advanced technologies including close field communication, wearable devices, and mobile point-of-sale are anticipated to lift the industry demand for mobile payment technologies in forthcoming years. The adoption of immediate payment technologies are unceasingly growing in developing regions including Asia Pacific and MEA. This is also a main factor which is forecast to boost the mobile payment technologies market in the next years. Apart from this, quick developments in the mobile payment solutions to offer superior payment service to the end-users are also anticipated to fuel the growth of the mobile payment technologies market. Additionally, increasing government led initiatives and rising adoption of clever appliances are anticipated to drive the sector. Furthermore, integration of IoT with payment applications offers main opportunities to extend payment solution offerings and develop enhanced payment technologies. Consequently, it is anticipated that the Internet of Things will boost more payments through digital wallets during the estimate period

Global Mobile Payment Technologies Market: Segmentation

The reports includes overall mobile payment technologies market broken down based on type, purchase type, and end-use application. By category, the mobile payment technologies market is split into proximity payments and remote payments. The industry for proximity payment technology is farther cross-segmented into close field communication and QR code payments. Whilst, the remote payment technology market is divided into SMS-based, USSD/STK, direct operator billing and digital wallets. Based on purchase type, the mobile payment technology market is broken down into money transfers & payments, travel and ticketing, airtime transfers & top-ups, merchandise and coupons, and others. Futhermore, the end-use application segmentation includes hospitality and tourism, BFSI, media and entertainment, retail, health care, IT and telecommunication, education and others. Among these end-use industries, retail application is estimated to observe strong growth primarily due to growing in-store payments through clever phones in developing regions. The analysis includes the analysis of these segments across all geographies, together with qualitative analysis for main market indicators supplementing the growth of mobile payments market during the outlook period.

Top competitors specified in this report

The market research also comprises challenging profiling of the top players associated with the mobile payment technologies market. The crucial business strategies approved by them, their market positioning, and recent evolutions have also been identified in the research report. The ambitious landscape section of the report also gives an overview about the main contributing regions/territories by these main players in order to enhance their market position in the outlook.

Increasing demand for advanced payment technology and rising focus on making cashless economy has led to the strong presence of mobile payment technology providers in the sector. Some of the main players in overall mobile payment technologies market are MasterCard International Inc., Visa, Incorporated, American Express, Co., Boku, Incorporated, Fortumo, PayPal, Incorporated, Bharti Airtel Ltd., Vodafone Ltd., AT & T, Incorporated, Google, Incorporated, Apple, Incorporated and Microsoft Corporation.

Market Segmentation

Mobile Payment Technologies Market, by category

Mobile Payment Technologies Market, by Geography:

North America (NA)


Canada (CA)

Rest of North America (NA)

Europe (EU)

The U.K.

Germany (DE)

France (FR)

Rest of europe (EU)


China (CN)

Japan (JP)

India (IN)

Australia (AU)

Rest of Asia-Pac

Middle East and Africa

GCC Countries

South africa (SA)

Rest of middle east and African regions (MEA)

South America

Brazil (BR)

Argentina (AR)

Rest of South America

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