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NORTH AMERICA MOBILE PAYMENT MARKET FORECAST 2018-2026

NORTH AMERICA MOBILE PAYMENT MARKET FORECAST 2018-2026

  • April 2018
  • 98 pages
  • ID: 5059796
  • Format: PDF

Summary

Table of Contents

KEY FINDINGS
The North American mobile payment market is anticipated to grow at an approximate CAGR of 21.20% over the forecast years of 2018-2026. Rising awareness among the population, a developed infrastructure, the growing number of active users, and a huge number of people opting for mobile payments can be asserted as the major causes for the market growth in this region.

MARKET INSIGHTS
The market is mainly categorized according to its type of medium (Internet, SMS, USSD, contactless), by the type of payment (mobile commerce, mobile person to person transfer (P2P), and various mobile commerce services that include in-app billing, carrier billing, closed-loop payments and prepaid mobile wallet).The United States is a major country contributing to the market growth in North America.

Along with being the world’s biggest economy, the US is also at the forefront when it comes to technological innovations and scientific research, thus showing a strong growth for the technologically advanced mobile payments. On the other hand, the Canadian mobile payment market is also attracting several global vendors due to the ubiquitous acceptance and consumer adoption of mobile payments in the region.

COMPETITIVE INSIGHTS
The pioneering companies in the market include Apple Inc, Bank Of America, M-Pesa, Banco Bilbao Vizcaya Argentaria Wallet, Mastercard, Paypal, The Western Union Company, Paymentwall, 99bill Corporation, Intuit Pay, Yeepay, Softcard, Google, We Pay Inc Izettle, etc.

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