Mobile Payment Market Size, Share & Growth Rate by 2030

Global mobile payment market size was valued at USD 1.99 trillion in 2021, and is projected to reach USD 13.53 trillion by 2028, growing at a CAGR of 31.5% from 2022 to 2028.

Mobile payment is an advanced method for making transactions. Traditional modes of payment are cash, cheques, or credit cards. Mobile payment is a medium through which individuals or enterprises do cashless transactions securely in minimum time. This method provides customers a new way to purchase any goods or services with the help of wireless devices such as smartphones, tablets, and others. Additionally, mobile payment uses different technologies such as SMS-based transactional payments, direct mobile billing, and NFC (Near Field Communication) to improve security and provide hassle-free transactions anytime and from anywhere.

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Key Prominent Players In The?Mobile Payment?Market:

Apple (US), Google (US), American Express Company (US), MasterCard (US), PayPal (US), Isis Mobile Wallet (US), Visa (US), Merchant Customer Exchange (US), Alibaba Group Holdings Limite (China), Amazon.com Inc. (US), M Pesa (Africa), Money Gram International (US), Samsung Electronics Co. Ltd. (South Korea), WeChat (Tencent Holdings Limited) (China), and other major players.

Market segmentation

By Payment Type

• Proximity Payment
• Remote Payment

By End-User

• BFSI
• IT & Telecommunication
• Retail
• Others

Regional Analysis for COVID-19 Outbreak-Global?Mobile Payment?Market:

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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The report contains insights about the following:

1. Market Penetration:?provides comprehensive information on the market, including the key players
2. Market Development:?Provides detailed information about profitable emerging markets and analyses penetration across the mature markets
3. Market Diversification:?Information about new product launches and untapped geographies is provided. Recent developments.
4. Competitive Assessment and Intelligence:?This comprehensive report analyzes market shares, strategies, and products, as well as certifications, regulatory approvals, patent landscapes, and manufacturing capabilities for the top players.
5. Product Development & Innovation:?Provides smart insights about future technologies, R&D activities as well as breakthrough product developments

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The report answers such questions as:

1. What is the market size for Mobile Payment and its forecast?
2. What are the limiting factors and the impact of COVID-19 in shaping the Global Mobile Payment Market?
3. Which products/segments/applications/areas to invest in over the Global Mobile Payment Market forecast period?
4. What is the Global Mobile Payment Market’s strategic competitive window for new opportunities?
5. What technology trends are there in the Global Mobile Payment Market?
6. What is the market size of the most prominent vendors in the Global Mobile Payment Marketplace?
7. What strategic moves and methods are appropriate for entry into the Global Mobile Payment Market?