Summary:
The global Mobile Payment Technology Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview:
Mobile payment is a money payment made for product or service through a portable electronic device such as a tablet or cell phone. It is an alternative method for traditional payment systems where cash, cheques, or credit cards are the medium of payment. Mobile payments can be more secure than physical cash, and are equally secure as a physical credit or debit card, and provide hassle-free transactions. The idea of using mobile payment technologies derives from avoiding the usage of currency, coins, plastic, and paper media such as checks, cash, bank transactions, and debit/credit cards.
Market Drivers:
Increasing Internet penetration and increasing number of smartphone users around the world is expected to boost growth of the global mobile payment technology market during the forecast period. For instance, according to India Brand Equity Foundation (IBEF), India is projected to have 900 million active Internet users by 2025 as against around 622 million as of 2020, and smartphone user base in India will reach 1.1 billion by 2024. Hence, such factors are expected to drive growth of the global mobile payment technology market.
Moreover, increase in adoption of mobile payment services, rising m-commerce industry, and growing e-commerce industry is expected to augment the growth of the global mobile payment technology market growth over the forecast period.
Market Restraints:
Security issues associated with mobile payments and lack of acceptance or lack of awareness are some major factors expected to hamper the growth of the global mobile payment technology market over the forecast period.
Regional Insights:
Among regions, North America, Europe, and Asia Pacific are expected to witness substantial growth in the global mobile payment technology market due to increase in adoption of mobile payment services, increasing number of Internet and smartphone users, rise in demand for fast and hassle-free transaction services, and growing m-commerce and e-commerce industry.
For instance, in March 2022, the Reserve Bank of India (RBI) launched a new digital payment mode called UPI 123Pay for feature phones. Moreover, in October 2019, SBI announced the launch of SBI Card Pay for faster, convenient and more secure card payments using mobiles.
Competitive Section:
Major companies involved in the global mobile payment technology market are Apple, Google, Bharti Airtel Ltd., Vodafone Ltd., AT & T, Fortumo, Boku, PayPal, and Microsoft Corporation, among others.
For instance, in July 2021, BLIK launched a new approach to contactless payments without credit or debit card, providing a solution based on the Mastercard Digital Enablement Services (MDES) technology.
The Mobile Payment Technology Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Mobile Payment Technology Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- PayPal
- Boku, Inc
- Fortumo
- AT & T
- Vodafone Ltd
- Bharti Airtel Ltd
- Google
- Apple
- Microsoft Corporation
By Product Type, the market is primarily segmented into:
- Proximity Payment
- Near field Communication (NFC)
- QR Code Payment
- Remote Payment
- SMS-based
- USSD/STK
- Direct Operator Billing (Credit/debit card-based)
- Digital Wallet
By Applications, the market is segmented into:
- Retail
- Hospitality & Tourism
- BFSI
- Media & Entertainment
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Mobile Payment Technology Market Report:
- To assess the size of the market by value and volume
- Analyze the Mobile Payment Technology Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Mobile Payment Technology Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Mobile Payment Technology Market
The Mobile Payment Technology Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Mobile Payment Technology Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Contents
Mobile Payment Technology Market Report by Company, Regions, Types and Applications, Global Status and Forecast to 2025
1 Industry Overview of Mobile Payment Technology
1.1 Mobile Payment Technology Market Overview
1.1.1 Mobile Payment Technology Product Scope
1.1.2 Market Status and Outlook
1.2 Global Mobile Payment Technology Market Size and Analysis by Regions
1.2.1 North America
1.2.2 Europe
1.2.3 China
1.2.4 Rest of Asia Pacific
1.2.5 Central & South America
1.2.6 Middle East & Africa
1.3 Mobile Payment Technology Market by Type
1.3.1 Global Mobile Payment Technology Revenue (Million US$) and Growth Comparison by Type (2014-2025)
1.3.2 Global Mobile Payment Technology Revenue Market Share by Type in 2018
1.3.3 Proximity Payment
1.3.4 Near field Communication (NFC)
1.3.5 QR Code Payment
1.3.6 Remote Payment
1.3.7 SMS-based
1.3.8 USSD/STK
1.3.9 Direct Operator Billing (Credit/debit card-based)
1.3.10 Digital Wallet
1.4 Mobile Payment Technology Market by End Users/Application
1.4.1 Retail
1.4.2 Hospitality & Tourism
1.4.3 BFSI
1.4.4 Media & Entertainment
1.4.5 Others
2 Global Mobile Payment Technology Competition Analysis by Players
2.1 Global Mobile Payment Technology Market Size (Million US$) by Players (2014-2019)
2.2 Competitive Status
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 Mergers & Acquisitions, Expansion Plans
3 Company (Top Players) Profiles and Key Data
3.1 PayPal
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Mobile Payment Technology Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 Boku, Inc
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Mobile Payment Technology Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 Fortumo
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Mobile Payment Technology Revenue (Value) (2014-2019)
3.3.5 Recent Developments
3.4 AT & T
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Mobile Payment Technology Revenue (Value) (2014-2019)
3.4.5 Recent Developments
3.5 Vodafone Ltd
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Mobile Payment Technology Revenue (Value) (2014-2019)
3.5.5 Recent Developments
3.6 Bharti Airtel Ltd
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Mobile Payment Technology Revenue (Value) (2014-2019)
3.6.5 Recent Developments
3.7 Google
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Mobile Payment Technology Revenue (Value) (2014-2019)
3.7.5 Recent Developments
3.8 Apple
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Mobile Payment Technology Revenue (Value) (2014-2019)
3.8.5 Recent Developments
3.9 Microsoft Corporation
3.9.1 Company Profile
3.9.2 Main Business/Business Overview
3.9.3 Products, Services and Solutions
3.9.4 Mobile Payment Technology Revenue (Value) (2014-2019)
3.9.5 Recent Developments
4 Global Mobile Payment Technology Market Size by Type and Application (2014-2019)
4.1 Global Mobile Payment Technology Market Size by Type (2014-2019)
4.2 Global Mobile Payment Technology Market Size by Application (2014-2019)
4.3 Potential Application of Mobile Payment Technology in Future
4.4 Top Consumer/End Users of Mobile Payment Technology
5 North America Mobile Payment Technology Development Status and Outlook
5.1 North America Mobile Payment Technology Market Size (2014-2019)
5.2 North America Mobile Payment Technology Market Size and Market Share by Players (2014-2019)
5.3 North America Mobile Payment Technology Market Size by Application (2014-2019)
6 Europe Mobile Payment Technology Development Status and Outlook
6.1 Europe Mobile Payment Technology Market Size (2014-2019)
6.2 Europe Mobile Payment Technology Market Size and Market Share by Players (2014-2019)
6.3 Europe Mobile Payment Technology Market Size by Application (2014-2019)
7 China Mobile Payment Technology Development Status and Outlook
7.1 China Mobile Payment Technology Market Size (2014-2019)
7.2 China Mobile Payment Technology Market Size and Market Share by Players (2014-2019)
7.3 China Mobile Payment Technology Market Size by Application (2014-2019)
8 Rest of Asia Pacific Mobile Payment Technology Development Status and Outlook
8.1 Rest of Asia Pacific Mobile Payment Technology Market Size (2014-2019)
8.2 Rest of Asia Pacific Mobile Payment Technology Market Size and Market Share by Players (2014-2019)
8.3 Rest of Asia Pacific Mobile Payment Technology Market Size by Application (2014-2019)
9 Central & South America Mobile Payment Technology Development Status and Outlook
9.1 Central & South America Mobile Payment Technology Market Size (2014-2019)
9.2 Central & South America Mobile Payment Technology Market Size and Market Share by Players (2014-2019)
9.3 Central & South America Mobile Payment Technology Market Size by Application (2014-2019)
10 Middle East & Africa Mobile Payment Technology Development Status and Outlook
10.1 Middle East & Africa Mobile Payment Technology Market Size (2014-2019)
10.2 Middle East & Africa Mobile Payment Technology Market Size and Market Share by Players (2014-2019)
10.3 Middle East & Africa Mobile Payment Technology Market Size by Application (2014-2019)
11 Market Forecast by Regions and Application (2019-2025)
11.1 Global Mobile Payment Technology Market Size by Regions (2019-2025)
11.1.1 North America Mobile Payment Technology Revenue and Growth Rate (2019-2025)
11.1.2 Europe Mobile Payment Technology Revenue and Growth Rate (2019-2025)
11.1.3 China Mobile Payment Technology Revenue and Growth Rate (2019-2025)
11.1.4 Rest of Asia Pacific Mobile Payment Technology Revenue and Growth Rate (2019-2025)
11.1.5 Central & South America Mobile Payment Technology Revenue and Growth Rate (2019-2025)
11.1.6 Middle East & Africa Mobile Payment Technology Revenue and Growth Rate (2019-2025)
11.2 Global Mobile Payment Technology Market Size by Application (2019-2025)
11.3 The Market Drivers in Future
12 Mobile Payment Technology Market Dynamics
12.1 Industry Trends
12.2 Market Drivers
12.3 Market Challenges
12.4 Porters Five Forces Analysis
13 Research Finding /Conclusion
14 Methodology and Data Source
14.1 Methodology/Research Approach
14.1.1 Research Programs/Design
14.1.2 Market Size Estimation
14.1.3 Market Breakdown and Data Triangulation
14.2 Data Source
14.2.1 Secondary Sources
14.2.2 Primary Sources
14.3 Disclaimer
14.4 Author List
List of Table
List of Tables and Figures
Figure Global Mobile Payment Technology Market Size (Million USD) Status and Outlook (2014-2025)
Table Global Mobile Payment Technology Market Size (Million USD) and Growth Rate by Regions (2014-2025)
Figure Global Mobile Payment Technology Market Share by Regions (2014-2019)
Figure North America Mobile Payment Technology Market Size (Million USD) and Growth Rate (2014-2019)
Figure Europe Mobile Payment Technology Market Size (Million USD) and Growth Rate (2014-2019)
Figure China Mobile Payment Technology Market Size (Million USD) and Growth Rate (2014-2019)
Figure Rest of Asia Pacific Mobile Payment Technology Market Size (Million USD) and Growth Rate (2014-2019)
Figure Central & South America Mobile Payment Technology Market Size (Million USD) and Growth Rate (2014-2019)
Figure Middle East & Africa Mobile Payment Technology Market Size (Million USD) and Growth Rate (2014-2019)
Figure Global Mobile Payment Technology Market Share by Type in 2018 & 2025
Figure Proximity Payment Market Size (Million USD) and Growth Rate (2014-2019)
Figure Near field Communication (NFC) Market Size (Million USD) and Growth Rate (2014-2019)
Figure QR Code Payment Market Size (Million USD) and Growth Rate (2014-2019)
Figure Remote Payment Market Size (Million USD) and Growth Rate (2014-2019)
Figure SMS-based Market Size (Million USD) and Growth Rate (2014-2019)
Figure USSD/STK Market Size (Million USD) and Growth Rate (2014-2019)
Figure Direct Operator Billing (Credit/debit card-based) Market Size (Million USD) and Growth Rate (2014-2019)
Figure Digital Wallet Market Size (Million USD) and Growth Rate (2014-2019)
Table Global Mobile Payment Technology Market Size (Million US$) Comparison by Application (2014-2025)
Figure Global Mobile Payment Technology Market Share by Application in 2018 & 2025
Figure Mobile Payment Technology Market Size (Million USD) and Growth Rate in Retail (2014-2019)
Figure Mobile Payment Technology Market Size (Million USD) and Growth Rate in Hospitality & Tourism (2014-2019)
Figure Mobile Payment Technology Market Size (Million USD) and Growth Rate in BFSI (2014-2019)
Figure Mobile Payment Technology Market Size (Million USD) and Growth Rate in Media & Entertainment (2014-2019)
Figure Mobile Payment Technology Market Size (Million USD) and Growth Rate in Others (2014-2019)
Table Global Mobile Payment Technology Revenue (Million US$) by Players (2014-2019)
Table Global Mobile Payment Technology Revenue Market Share by Players (2014-2019)
Eigure Mobile Payment Technology Market Size Share by Players in 2018
Table Global Mobile Payment Technology Manufacturers Market Concentration Ratio (CR5 and HHI)
Figure Global Top 5 Players Mobile Payment Technology Market Share in 2018
Figure Global Top 10 Players Mobile Payment Technology Market Share in 2018
Table Mobile Payment Technology Key Players Product/Service
Table Mergers & Acquisitions, Expansion Plans
Table PayPal Basic Information List
Table PayPal Description and Business Overview
Table PayPal Mobile Payment Technology Products, Services and Solutions
Table Revenue (Million US$) in Mobile Payment Technology Business of PayPal (2014-2019)
Table PayPal Mobile Payment Technology Recent Developments
Table Boku, Inc Basic Information List
Table Boku, Inc Description and Business Overview
Table Boku, Inc Mobile Payment Technology Products, Services and Solutions
Table Revenue (Million US$) in Mobile Payment Technology Business of Boku, Inc (2014-2019)
Table Boku, Inc Mobile Payment Technology Recent Developments
Table Fortumo Basic Information List
Table Fortumo Description and Business Overview
Table Fortumo Mobile Payment Technology Products, Services and Solutions
Table Revenue (Million US$) in Mobile Payment Technology Business of Fortumo (2014-2019)
Table Fortumo Mobile Payment Technology Recent Developments
Table AT & T Basic Information List
Table AT & T Description and Business Overview
Table AT & T Mobile Payment Technology Products, Services and Solutions
Table Revenue (Million US$) in Mobile Payment Technology Business of AT & T (2014-2019)
Table AT & T Mobile Payment Technology Recent Developments
Table Vodafone Ltd Basic Information List
Table Vodafone Ltd Description and Business Overview
Table Vodafone Ltd Mobile Payment Technology Products, Services and Solutions
Table Revenue (Million US$) in Mobile Payment Technology Business of Vodafone Ltd (2014-2019)
Table Vodafone Ltd Mobile Payment Technology Recent Developments
Table Bharti Airtel Ltd Basic Information List
Table Bharti Airtel Ltd Description and Business Overview
Table Bharti Airtel Ltd Mobile Payment Technology Products, Services and Solutions
Table Revenue (Million US$) in Mobile Payment Technology Business of Bharti Airtel Ltd (2014-2019)
Table Bharti Airtel Ltd Mobile Payment Technology Recent Developments
Table Google Basic Information List
Table Google Description and Business Overview
Table Google Mobile Payment Technology Products, Services and Solutions
Table Revenue (Million US$) in Mobile Payment Technology Business of Google (2014-2019)
Table Google Mobile Payment Technology Recent Developments
Table Apple Basic Information List
Table Apple Description and Business Overview
Table Apple Mobile Payment Technology Products, Services and Solutions
Table Revenue (Million US$) in Mobile Payment Technology Business of Apple (2014-2019)
Table Apple Mobile Payment Technology Recent Developments
Table Microsoft Corporation Basic Information List
Table Microsoft Corporation Description and Business Overview
Table Microsoft Corporation Mobile Payment Technology Products, Services and Solutions
Table Revenue (Million US$) in Mobile Payment Technology Business of Microsoft Corporation (2014-2019)
Table Microsoft Corporation Mobile Payment Technology Recent Developments
Table Global Mobile Payment Technology Market Size by Type (2014-2019) (Million US$)
Figure Global Mobile Payment Technology Revenue Market Share by Type in 2018
Table Global Mobile Payment Technology Market Size by Application (2014-2019) (Million US$)
Figure Global Mobile Payment Technology Revenue Market by Application in 2018
Table Top Consumer/End Users of Mobile Payment Technology
Figure North America Mobile Payment Technology Market Size and Growth Rate(2014-2019) (Million USD)
Table North America Mobile Payment Technology Market Size by Players (2014-2019)(Million US$)
Figure North America Mobile Payment Technology Market Size Share by Players in 2018
Table North America Mobile Payment Technology Market Size by Application (2014-2019) (Million US$)
Figure North America Mobile Payment Technology Revenue Market Share by Application (2014-2019)
Figure North America Mobile Payment Technology Market Size Share by Application in 2018
Figure Europe Mobile Payment Technology Market Size and Growth Rate(2014-2019) (Million USD)
Table Europe Mobile Payment Technology Market Size by Players (2014-2019)(Million US$)
Figure Europe Mobile Payment Technology Market Size Share by Players in 2018
Table Europe Mobile Payment Technology Market Size by Application (2014-2019) (Million US$)
Figure Europe Mobile Payment Technology Revenue Market Share by Application (2014-2019)
Figure Europe Mobile Payment Technology Market Size Share by Application in 2018
Figure China Mobile Payment Technology Market Size and Growth Rate(2014-2019) (Million USD)
Table China Mobile Payment Technology Market Size by Players (2014-2019)(Million US$)
Figure China Mobile Payment Technology Market Size Share by Players in 2018
Table China Mobile Payment Technology Market Size by Application (2014-2019) (Million US$)
Figure China Mobile Payment Technology Revenue Market Share by Application (2014-2019)
Figure China Mobile Payment Technology Market Size Share by Application in 2018
Figure Rest of Asia Pacific Mobile Payment Technology Market Size and Growth Rate(2014-2019) (Million USD)
Table Rest of Asia Pacific Mobile Payment Technology Market Size by Players (2014-2019)(Million US$)
Figure Rest of Asia Pacific Mobile Payment Technology Market Size Share by Players in 2018
Table Rest of Asia Pacific Mobile Payment Technology Market Size by Application (2014-2019) (Million US$)
Figure Rest of Asia Pacific Mobile Payment Technology Revenue Market Share by Application (2014-2019)
Figure Rest of Asia Pacific Mobile Payment Technology Market Size Share by Application in 2018
Figure Central & South America Mobile Payment Technology Market Size and Growth Rate(2014-2019) (Million USD)
Table Central & South America Mobile Payment Technology Market Size by Players (2014-2019)(Million US$)
Figure Central & South America Mobile Payment Technology Market Size Share by Players in 2018
Table Central & South America Mobile Payment Technology Market Size by Application (2014-2019) (Million US$)
Figure Central & South America Mobile Payment Technology Revenue Market Share by Application (2014-2019)
Figure Central & South America Mobile Payment Technology Market Size Share by Application in 2018
Figure Middle East & Africa Mobile Payment Technology Market Size and Growth Rate(2014-2019) (Million USD)
Table Middle East & Africa Mobile Payment Technology Market Size by Players (2014-2019)(Million US$)
Figure Middle East & Africa Mobile Payment Technology Market Size Share by Players in 2018
Table Middle East & Africa Mobile Payment Technology Market Size by Application (2014-2019) (Million US$)
Figure Middle East & Africa Mobile Payment Technology Revenue Market Share by Application (2014-2019)
Figure Middle East & Africa Mobile Payment Technology Market Size Share by Application in 2018
Figure Global Mobile Payment Technology Market Size and Growth Rate (Value) (2019-2025) (Million US$)
Table Global Mobile Payment Technology Market Size by Regions (2019-2025) (Million US$)
Figure Global Mobile Payment Technology Market Size Share by Regions (2019-2025)
Figure Global Mobile Payment Technology Market Size Share by Regions in 2025
Figure North America Mobile Payment Technology Revenue (Million USD) and Growth Rate (2019-2025)
Figure Europe Mobile Payment Technology Revenue (Million USD) and Growth Rate (2019-2025)
Figure China Mobile Payment Technology Revenue (Million USD) and Growth Rate (2019-2025)
Figure Rest of Asia Pacific Mobile Payment Technology Revenue (Million USD) and Growth Rate (2019-2025)
Figure Central & South America Mobile Payment Technology Revenue (Million USD) and Growth Rate (2019-2025)
Figure Middle East & Africa Mobile Payment Technology Revenue (Million USD) and Growth Rate (2019-2025)
Table Global Mobile Payment Technology Market Size by Application (2019-2025) (Million USD)
Figure Global Mobile Payment Technology Market Size by Application (2019-2025)
Figure Global Mobile Payment Technology Market Size by Application in 2025
Table Global Mobile Payment Technology Market Size by Type (2019-2025) (Million US$)
Figure Global Mobile Payment Technology Market Size by Type (2019-2025)
Figure Global Mobile Payment Technology Market Size by Type in 2025
Table Market Top Trends
Table Key Drivers: Impact Analysis (2019-2025)
Table Key Challenges
Figure Porter's Five Forces Analysis
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
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