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Global Mobile Payment Market by Types of Payment(Mobile Person to Person Transfer (P2P), Mobile Commerce, Prepaid Mobile Wallet, in App Billing, Carrier Billing, Closed Loop Payments) by Medium (Sms, Internet, Contactless, USSD) & by Geography
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MOBILE PAYMENT MARKET (Global Market Trends, Size, Share & Analysis 2018-2026)
GLOBAL MOBILE PAYMENT MARKET FORECAST 2018-2026 “The Global Mobile payment market is predicted to grow at a CAGR of 22.25% over the forecast period of 2018-2026.” Some of the factors that have been instrumental for such a phenomenal growth of the market include the growing preference for Mobile payment over traditional banking methods, technological advancements, increasing usage of mobile payments by unbanked population and the rising e-commerce. Inkwood Research
MARKET DRIVERS • MOBILE PAYMENT IS BEING PREFERRED OVER TRADITIONAL BANKING METHODS 01 • TECHNOLOGICAL ADVANCEMENT BLOOMING THE MOBILE PAYMENT MARKET 02 • EXTENSIVE USE OF MOBILE PAYMENT BY UNBANKED POPULATION 03 04 • SMALL MERCHANTS AND BUSINESSES ACCEPTING MOBILE PAYMENTS Inkwood Research
MARKET INSIGHTS • The mobile payment market can be segmented on the basis of the type of Medium that comprises of SMS, Internet, Contactless, and USSD. • The SMS is a major segment of the market by medium. • The market is also segmented by the type of payments that include P2P, Mobile Commerce, Prepaid Mobile Wallet, In-App Billing, Carrier Billing and Closed Loop Payments. • The P2P mobile payment is popular in this market because of its growing use in emerging nations like Tanzania, Kenya, Rwanda, Vietnam, and the Philippines. Inkwood Research
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REGIONAL INSIGHTS Europe Mobile Payment Growing at a CAGR 23.70% During the Forecast Period of 2018-2026 Asia Pacific Mobile Payment Market Growing at a CAGR 22.91% During the Forecast Period of 2018-2026 North America Mobile Payment Market Growing at a CAGR 21.20% During the Forecast Period of 2018-2026 • Downlaod Free Sample Downlaod Free Sample Downlaod Free Sample Inkwood Research
COMPETITIVEINSIGHTS Major companies that are already established in this market include Apple Inc, Alipay, Airtel Money, M-pesa, Square Inc, Yeepay, 99billCorporation, Softcard, Paytm, Paypal, Paymentwall, Boku, Bank Of America, Banco Bilbao VizcayaArgentaria Wallet, Beijing Qiandaibao Payment Technology Ltd., China Unionpay and Merchant Customer Exchange. Inkwood Research
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