Mobile payment is money paid through the mobile. In traditional payment systems, people use cash, cheques, or credit cards as a way to make payments. Mobile payment allows paying money for products and services through a wireless portable electronic device like smartphones, desktops, and tablets. Mobile payments are done by using different technologies like NFC, direct mobile billing, and SMS-based transactional payments which provide safe transactions. This technology is used to send money to make B2B, and B2C, transactions or to send money to friends and family with the use of mobile applications like venom, PayPal. In the second quarter of 2021, PayPal’s net payment volume amounted to around 311 billion U.S. dollars, representing a 41 percent growth.
The latest research on the Mobile Payment Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Mobile Payment Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Mobile Payment Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions to help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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The world explores and there are endless limits of urbanization, with cities rapidly expanding infrastructures and populations, rural area is also developing. Digitalization helps in redefining the entire business strategy adopting the latest and new emerging digital technology to drive the business. As a result small scale enterprises in urban and especially in rural areas are shifting towards online mode of money transitions. Digitalization provides opportunities to carry out all the payment process digitally which gives more security and fast services. Digitalization has propagated the banking industry, food industry, agriculture industry, service industry through mobile payment functionality. Mobile payments are a subset of digital payment that allows payment through mobile devices. Hence digitalization provides opportunities for the growth of mobile payment market.
Segmentation Analysis of the Mobile Payment Market :
By Payment Type
· Proximity Payment
· Remote Payment
By End-User
· BFSI
· IT & Telecommunication
· Retail
· Others
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Top Company Players Covered in the Mobile Payment Market are:
· Google (US)
· American Express Company (US)
· MasterCard (US)
· PayPal (US)
· Isis Mobile Wallet (US)
· Visa (US)
· Merchant Customer Exchange (US)
· Alibaba Group Holdings Limite (China)
· Amazon.com Inc. (US)
· M Pesa (Africa)
· Money Gram International (US)
· Samsung Electronics Co. Ltd. (South Korea)
· WeChat (Tencent Holdings Limited) (China), and other major players.
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The report includes the Competitor's Landscape:
· Major trends and growth projections by region and country
· Key winning strategies followed by the competitors
· Who are the key competitors in this industry?
· What shall be the potential of this industry over the forecast tenure?
· What are the factors propelling the demand for the Action Figures And Statues?
· What are the opportunities that shall aid in significant proliferation of the market growth?
· What are the regional and country-wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
· How has the covid-19 impacted the growth of the market?
· Has the supply chain disruption caused changes in the entire value chain?
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