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The mobile payment market is expected to grow at a CAGR of 29.9% during the forecast period, 2019u20132026.
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What is Mobile Payment (M-payment)? | Why Do You Need Mobile Payments? Mobile payment are also known as referred to as mobile money, mobile money transfer, and mobile wallet. Mobile payment generally refer to payment services functioned under financial regulation and performed from or via a mobile device. in place of paying with cash, cheque, or credit cards, a consumer can usage a mobile to pay for a broad range of services and digital or hard goods. Although the idea of using non-coin-based currency systems has a long history, Mobile payments are becoming a key tool for PSPs and other market participants, in order to attain new growth opportunities, in accordance the European Payments Council. The EPC states that "new technology solutions offer a direct improvement to the operations efficiency, ultimately resulting in cost savings & in an growth in business volume". Development in Mobile Payment Market: The Mobile Payment Market is expected to grow at a CAGR of 29.9% during the forecast period, 2019–2026. Competitive Landscape:
Some of the major Companies in the Mobile Payment Market are Google Inc., Apple Inc., Samsung Pay, Alipay.com, PayPal Pte. Ltd., MasterCard, Visa, Square Inc., and Paytm. Segmental Insights Trends: The Mobile Payment Market is Segmented By Mode of Transaction, Application, Method, End User and Region. By Mode of Transaction NFC SMS WAP On the Basis of By Application:- Business Users, Personal Users. By Method Point of Sale (PoS) Payment Remote Payment On the Basis of By End User:- Education, Healthcare & Hospitality, Retail. Regional Insights: Geographically, the Mobile Payment Market is segmented into four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). North America Europe Asia Pacific The Middle East & Africa Get FREE Sample copy of Mobile Payment Market @ https://straitsresearch.com/report/mobile-payment-market/request-sample About StraitsResearch:
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