The Mobile Payments Market size is expected to grow at a CAGR of 33.8% during the forecast period, to reach USD 19,756.89 Billion by 2028 from USD 2,573.51 Billion in 2021.
Mobile payment enables instant money transfer and a secured substitute for cash-based transactions to the customers. The increasing availability of high-speed mobile networks along with the increasing penetration of smartphones is boosting the adoption of mobile-based payment solutions. The digitalization of payment services and growing e-commerce businesses are contributing to the growing market trends. The digital generation, i.e. generation , is likely to create vast opportunities for the payment industry. The companies are offering rewards, redeem points, loyalty points, and among others to attract the customer for paying through mobile devices. Mobile Payments Market - Size, Competitive Landscape and Segmentation Analysis: The coronavirus COVID-19 has impacted the global economy and humans significantly. It has drastically changed the channels and modes of transactions done by consumers and merchants. Today, people are more cautious about transacting in cash while shopping in public places. This has triggered a sudden spike in demand for contactless payment methods such as mobile wallets, NFC, QR code and more. In March 2020, the World Health Organization (WHO) recommended the consumers across the globe to adopt a contactless payment mode. This has helped to raise the payment transaction using mobile and boosted the contactless payments modes such as QR code, tap to pay by near field payment NFC, and carrier billing payment, among others. Download Free Sample: https://introspectivemarketresearch.com/request/7153 The Top Key Players covered in the Mobile Payments market report is: · Apple Inc. · Google LLC · American Express Company · JP Morgan Chase & Co · Paypal Holdings · PayU · Samsung · Visa · Mastercard · One97 Communications Limited · Others Segmentation of Mobile Payments Market Market Segmentation Analysis By Type: · Remote · Proximity Market Segmentation Analysis By Transaction Mode: · Personal · Business Market Segment by Regions and Countries Level Analysis: · North America (U.S., Canada, Mexico) · Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) · Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC) · Middle East & Africa (GCC Countries, South Africa, Rest of MEA) · South America (Brazil, Argentina, Rest of South America) Covid-19 Impact and Recovery Analysis on Industry: We've kept track of Covid-19's direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the Mobile Payments industry. The study categorizes the Mobile Payments industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles. Inquiry Before purchasing: https://introspectivemarketresearch.com/inquiry/7153 Market Scope: The "Global Mobile Payments Market Analysis To 2028" is a specialized and in-depth study of the Mobile Payments industry with a special focus on the global market trend analysis. The report aims to provide an overview Mobile Payments market with detailed market segmentation by type, component, end-users, and geography. The global Mobile Payments market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Mobile Payments market players and offers key trends and opportunities in Mobile Payments market. The goal of the research report is to help develop business strategies that help meet the needs of end-user consumers and penetrate deeply into the market. Mobile Payments market research also discusses significant market events that could have a positive or negative impact on the participants. It covers product offerings, revenue analysis, production capabilities, gross margins and many other important aspects that affect a company's profitability in the marketplace Points Covered in The Mobile Payments Report
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