$3,081 Billion Mobile Payment Market - Global Industry Trends, Share, Size, Growth and Forecast 2019-2024

1. Global Mobile Payment Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Mobile Payment Market Overview: IMARC Group’s latest market research report, titled “Mobile Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global mobile payment market reached a value of US$ 881 Billion in 2018. Mobile payment, also known as m-payment, refers to an e-payment method which utilizes mobile devices to authorize, initiate and confirm an exchange of money. These payments are facilitated by the availability of point-of-sale (POS) terminals that process transactions using nearfield communications. Nowadays, mobile payments are gaining popularity as they offer enhanced security features and convenience to users. Moreover, the growing penetration of smartphones and easy access to the internet have encouraged tech-savvy consumers to prefer mobile-based payments. Besides this, many payment networks are collaborating with mobile operators to provide advanced mobile payment solutions, especially in emerging markets. Mobile Payment Market Trends Nowadays, many vendors are offering special discount coupons on m-commerce platforms to attract a broader consumer base. Various banks and companies are also providing mobile payment options in their apps to enable immediate transactions from the consumers’ bank accounts.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ In Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Moreover, governments of various nations are taking initiatives to promote digital payments which are anticipated to create opportunities in the mobile payment market. Looking forward, the market value is projected to exceed US$ 3,081 Billion by 2024, expanding at a CAGR of 23.2% during the forecast period (2019-2024). Request for a free sample report: https://www.imarcgroup.com/mobile-payment- market/requestsample

5. Report Description and Highlights Report Description Apart from this, non-bank entities have also introduced pre-payment instruments (PPI) which help in conducting interpersonal transactions. Additionally, several leading companies have recently developed applications, such as Google Pay and Apple Pay, that allow payments by scanning a unique barcode or QR code displayed on the screen of a smartphone. Key Market Segmentation: Market Segmentation by Mode of Transaction • • • • • WAP NFC SMS USSD Others Based on the mode of transaction, the market has been segmented into WAP (Wireless Application Protocol), NFC (Near field communications), SMS (Short Message Service), USSD (Unstructured Supplementary Service Data) and others. Amongst these, SMS (Short Message Service) represents the most popular mode of transaction.

6. Report Description and Highlights Report Description For more information, click here: https://www.imarcgroup.com/mobile-payment-market Market Segmentation by Application • • • • • • Entertainment Energy and Utilities Healthcare Retail Hospitality and Transportation Others On the basis of the application, retail is the largest segment, accounting for the majority of the market share. Other major segments include entertainment, energy and utilities, healthcare, hospitality and transportation, and others. Market Segmentation by Region • • North America Europe

7. Report Description and Highlights Report Description • • • Asia Pacific Latin America Middle East and Africa Region-wise, Asia Pacific enjoys the leading position in the global mobile payment market. Asia Pacific is followed by North America, Europe, Middle East and Africa, and Latin America. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • • • FIS Gemalto MasterCard PayPal Visa Apple Google

8. Report Description and Highlights Report Description • • • • • • • • • • • • Samsung Electronics Bharti Airtel American Express Bank of America Citrus Payment Solutions MobiKwiK One97 Communication Orange Oxigen Square Venmo ZipCash Card Services Browse Related Report Payment Gateways Market Report: https://www.imarcgroup.com/payment-gateways-market Kenya Mobile Money Market Report: https://www.imarcgroup.com/kenya-mobile-money-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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