Mobile payment is an alternative method for traditional payment systems where cash, cheques or credit cards are the medium of payment. Mobile Payment provide customers a way to purchase any good or services with the help of wireless devices such as smartphones, tablets and others. In addition, Mobile Payment use different technologies such as NFC (Near Field Communication), SMS-based transactional payments and direct mobile billing, for improving the security of the transaction and to provide hassle-free transactions.
mobile payment market has grown rapidly over the past few years. Digital transformation projects across verticals witnessed huge uptake and are also expected to contribute further in the near future. – market gains popularity in various industries including IT & telecom, BFSI, and healthcare, owing to its supreme benefits such as high-speed random access of data and low power consumption.
The report offers key drivers that propel the growth in the global mobile payment market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
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The research offers a detailed segmentation of the global mobile payment market. Key segments analyzed in the research include payment type, transaction mode, purchase type, applicationand geography. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables.
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include
North America (United States, Canada and Mexico),
Europe (Germany, France, UK, Russia and Italy),
Asia-Pacific (China, Japan, Korea, India and Southeast Asia),
South America (Brazil, Argentina, Colombia),
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
