Mobile payment also alludes to as mobile money, mobile money transfer, and mobile wallet generally refers to payment services controlled under financial regulations and performed from or via mobile phones. In place of paying with cash, cheque, or credit cards, a consumer can use a mobile device to pay for a wide range of services including digital or physical goods. Under mobile payment, a mobile wallet is an app that contains your debit and credit card details so that users can pay for products and services digitally by using their mobile devices.
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Some Of The Leading Players In Global Market:
1.BHARTI AIRTEL LIMITED
2.ECONET WIRELESS ZIMBABWE LIMITED
5.MILLICOM INTERNATIONAL CELLULAR S.A.
8.PAYPAL HOLDINGS, INC.
10.VODACOM GROUP LIMITED
Advantages such as fast and easy payments, convenience, flexibility, and the rising demand & penetration of mobile phones are anticipated to boost the mobile payment market globally. Concerns such as cyberthieves who spoof your mobile wallet and malware in cell phones are one of the major restraining factors in the mobile payment market. Growing market attractiveness of mobile payments in emerging industry verticals especially retail, e-commerce, and entertainment is anticipated to further provide good opportunities to the players operating in the mobile payment market.
The global mobile payment market is segmented on the basis of mode of transaction, type of mobile payment and application. On the basis of mode of transaction, the mobile payment market is segmented into short message service, wireless application protocol and near field communication. The mobile payment market on the basis of the type of mobile payment is classified into, mobile money and mobile wallets. Based on application, the mobile payment market is segmented into hospitality and transportation, retail, healthcare, energy and utilities, entertainment and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mobile payment market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The mobile payment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mobile payment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mobile payment market in these regions.
The reports cover key developments in the mobile payment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from mobile payment market are anticipated to lucrative growth opportunities in the future with the rising demand for mobile payment in the global market. Below mentioned is the list of few companies engaged in the mobile payment market.
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