Mobile Payment Market

Mobile Payment Market Analysis By Technology (Direct Mobile Billing, Mobile App based Payments, Mobile Web Payment), By Type (B2B, B2C, B2G), By Location (Remote, Proximity), By End Use & By Region - Global Market Insights 2022-2032

Analysis of Mobile Payment market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Mobile Payment Market Growth Outlook (2022-2032)

Demand for mobile payments is likely to garner a market value of US$ 42 Billion in 2022 and is expected to register a staggering double digit CAGR of 30% by accumulating a market value of US$ 590 Billion through the assessment period 2022-2032

Rise in m-commerce industry and increase in the penetration of smartphones across the globe is driving the dependency on mobile payments. Furthermore, online shopping of various goods along with businesses using mobile payments is bolstering the demand for mobile payments.

Report Attributes 

Details

Market Size in 2022

US$ 42 Billion

Project Market Forecast Value in 2032

US$ 590 Billion

Global Growth Rate (2022-2032)

30%

Market Share of Asia Pacific

35%      

Key Companies Profiled

  • Google (Alphabet Inc.)
  • Samsung Electronics Co. Ltd.
  • Visa Inc.
  • Alibaba Group Holdings Limited
  • PayPal Holdings Inc.
  • WeChat (Tencent Holdings Limited)
  • American Express Company
  • M Pesa
  • Money Gram International
  • Amazon.com Inc.
  • Apple Inc.

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Demand Analysis of Mobile Payment from 2015 to 2021 Vs Market Projections for 2022 to 2032

As per Fact.MR’s report, from 2015 to 2021, demand for mobile payments reached US$ 36 Bn by the end of the said historical period. According to Fact.MR- market research and competitive intelligence provider- mobile payment demand surged at a CAGR of 27%. Rising ownership of smartphones amid deepening digital literacy has popularized mobile payments in the past few years.

The growth of money transactions through mobile payments surged in the COVID-19 pandemic, as governments globally enforced strict social distancing norms, preventing the occurrence of conventional face-to-face financial transactions. The number of mobile based online payment gateways experienced a staggering incline, with consumers relying on various e-commerce websites to purchase goods and services.  

Moreover, mobile payments are offering rewards and cashbacks. This, in turn, is attracting consumers to use mobile payments. Thus, the sales of mobile payment are expected to exceed US$ 590 Bn by registering a CAGR of 30% in the forecast period 2022-2032.

Easy to Use Design Accelerating Growth of Mobile Payments?

Mobile payment solutions are not only fast but are also convenient. The penetration of smartphones and tablets along with strong network connections is playing a key role in the usage of mobile payments. In addition, e-commerce and traditional businesses are adapting to changing customer behaviour that includes cashless payment methods through mobile devices.

Furthermore, the convenience of using mobile payments is playing a key role in the adoption of mobile payments as they do not require multiple steps of verification for making payments. Moreover, banks are providing instant payment services to consumers and are offering an easy to use experience for consumers.

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How has COVID-19 Pandemic Influenced the Growth of Mobile Payments?

In comparison to PIN and chip technology, mobile payment technology helps in making transaction instant and easy. As mobile payment technology uses NFC in mobile devices, customers need not come into physical contact with the POS devices to transfer information and only the mobile devices need to be near the terminal. Thus, consumers and businesses are rapidly adopting mobile payments.

Furthermore, due to the restriction on movements, consumers preferred using mobile payments during the time of COVID-19 pandemic. The ease of using mobile payments along with having transaction details is driving the usage of mobile payments. In addition, E-commerce websites are accepting money through mobile payments. This, in turn, has accelerated the growth of mobile payments.

Country-wise Analysis

Inclination Towards Cashless Transactions Driving Demand for Mobile Payments in Asia Pacific?

Changing lifestyle along with latest online retailing trends in countries like India and China is playing a key role in an increase in the use of mobile payments. In addition, government initiatives across the Asia Pacific countries to go cashless are is creating lucrative opportunities for regional players.

Moreover, widespread adoption of mobile technology in emerging countries is offering offers fintech players and banks a new way to offer mobile banking solutions to customers in remote areas. Thus, Asia Pacific is expected to dominate by possessing nearly 35% market share for mobile payment.

E-Commerce Industry Creating Lucrative Opportunities for Mobile Payments in North America?

North America has been an early adopter of the latest and advanced technologies. In addition, growth in the e-commerce industry is mainly responsible for the extensive adoption of mobile payment solutions in North America.

Moreover, the growing number of unmanned stores in the U.S. are driving the adoption of mobile payments. Thus, North America is anticipated to possess more than 25% market share for mobile payments.

Category-Wise Insights

COVID-19 Pandemic Positively Affecting the Growth of Remote Payments?

The COVID-19 pandemic positively impacted the remote payment segment due to the restriction on movements. In addition, several companies are launching remote payment apps to allow customers to make payments remotely.

Furthermore, the increasing adoption of a virtual terminal for remote billing is expected to drive segment growth. Thus, remote payment is expected to hold more than 60% market share for mobile payments through 2032.

Convenience of Making Payments Escalating Demand for Mobile Payments in BFSI?

Several banks are focusing on introducing mobile payments. This, in turn, is increasing the usage of mobile payments. In addition, mobile banking and payments are creating new opportunities for banks to offer additional convenience to their existing customers and to reach a large population of unbanked customers in developing countries.

Moreover, businesses, particularly, are adopting a custom suite of comprehensive payment solutions. This helps in resolving unique challenges across various end user sectors. Thus, by end user, BFSI is expected to hold more than 20% market share for mobile payments.

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Competitive Landscape

Prominent mobile payment service providers are continuously striving to enhance the digital financial transactions landscape by introducing highly secure and fast acting wallets and payment gateways. Furthermore, collaborations with governments to facilitate transition towards a digitized economy are also being witnessed. Some prominent developments are as follows:

  • In October 2021, Samsung Electronics Co. Ltd launched a scan QR feature with camera and quick panel for easier and faster payments in India. The feature is currently live on Samsung pay compatible devices.
  • In August 2021, Visa Inc launched “Bring India Home” initiative. Through this initiative, the company is focusing on making 50 million small businesses across India to go digital. This will help businesses earn money via mobile payments.

Key Segments Covered

  • By Technology :

    • Direct Mobile Billing
    • Interactive Voice Response System based Mobile Payment
    • Mobile App based Payments
    • Mobile Payments via Near Field Communication
    • Mobile Web Payment
    • Mobile Payment via SMS
    • Other Mobile Payment Technologies
  • By Type :

    • B2B 
    • B2C 
    • B2G 
    • Other Payment Types
  • By Location :

    • Remote 
    • Proximity 
  • By End Use :

    • Media & Entertainment
    • Healthcare
    • IT & Telecom
    • Retail & E-commerce
    • Transportation
    • BFSI
    • Other End Uses
  • By Region :

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook 

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Fact.MR Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage 

    2.2. Market Definition 

3. Market Risks and Trends Assessment

    3.1. Risk Assessment 

        3.1.1. COVID-19 Crisis and Impact on Mobile Payment

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis 

        3.1.3. Impact on Market Value (US$ Mn)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background 

    4.1. Mobile Payment Market, by Key Countries

    4.2. Mobile Payment Market Opportunity Assessment (US$ Mn)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast 

        4.3.1. Demand in optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario 

    4.4. Investment Feasibility Analysis

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact

        4.5.1. Top Companies Historical Growth

        4.5.2. Growth in Automation, By Country

        4.5.3. Mobile Payment Adoption Rate, By Country

    4.6. Market Dynamics

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Mobile Payment Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking 

6. Global Mobile Payment Market Demand Analysis 2015-2021 and Forecast, 2022-2032

    6.1. Historical Market Analysis, 2015-2021

    6.2. Current and Future Market Projections, 2022-2032

    6.3. Y-o-Y Growth Trend Analysis

7. Global Mobile Payment Market Value Analysis 2015-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032, By Technology

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Technology, 2015-2021

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Technology, 2022-2032

        8.3.1. Near Field Communication

        8.3.2. Direct Mobile Billing

        8.3.3. Mobile Web Payment

        8.3.4. SMS

        8.3.5. Interactive Voice Response System

        8.3.6. Mobile App

        8.3.7. Others

    8.4. Market Attractiveness Analysis By Technology

9. Global Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032, By Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) Analysis By Type, 2015-2021

    9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2022-2032

        9.3.1. B2B

        9.3.2. B2C

        9.3.3. B2G

        9.3.4. Others

    9.4. Market Attractiveness Analysis By Type

10. Global Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032, By Location

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) Analysis By Location, 2015-2021

    10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Location, 2022-2032

        10.3.1. Remote Payment

        10.3.2. Proximity Payment

    10.4. Market Attractiveness Analysis By Location

11. Global Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032, By End Use

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) Analysis By End Use, 2015-2021

    11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End Use, 2022-2032

        11.3.1. BFSI

        11.3.2. Healthcare

        11.3.3. IT & Telecom

        11.3.4. Media & Entertainment

        11.3.5. Retail & E-commerce

        11.3.6. Transportation

        11.3.7. Others

    11.4. Market Attractiveness Analysis By End Use

12. Global Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032, By Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021

    12.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. Asia Pacific 

        12.3.5. Middle East and Africa (MEA)

    12.4. Market Attractiveness Analysis By Region

13. North America Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        13.4.1. By Country

            13.4.1.1. U.S.

            13.4.1.2. Canada

            13.4.1.3. Rest of North America

        13.4.2. By Technology

        13.4.3. By Type

        13.4.4. By End Use

        13.4.5. By Location

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Technology

        13.5.3. By Type

        13.5.4. By End Use

        13.5.5. By Location

14. Latin America Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Mexico

            14.4.1.3. Rest of Latin America

        14.4.2. By Technology

        14.4.3. By Type

        14.4.4. By End Use

        14.4.5. By Location

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Technology

        14.5.3. By Type

        14.5.4. By End Use

        14.5.5. By Location

15. Europe Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. France

            15.4.1.3. U.K.

            15.4.1.4. Italy

            15.4.1.5. Benelux

            15.4.1.6. Nordic Countries

            15.4.1.7. Rest of Europe

        15.4.2. By Technology

        15.4.3. By Type

        15.4.4. By End Use

        15.4.5. By Location

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Technology

        15.5.3. By Type

        15.5.4. By End Use

        15.5.5. By Location

16. Asia Pacific Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    16.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        16.4.1. By Country

            16.4.1.1. China

            16.4.1.2. Japan

            16.4.1.3. South Korea

            16.4.1.4. Rest of Asia Pacific

        16.4.2. By Technology

        16.4.3. By Type

        16.4.4. By End Use

        16.4.5. By Location

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Technology

        16.5.3. By Type

        16.5.4. By End Use

        16.5.5. By Location

17. Middle East and Africa Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    17.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        17.4.1. By Country

            17.4.1.1. GCC Countries

            17.4.1.2. South Africa

            17.4.1.3. Turkey

            17.4.1.4. Rest of Middle East and Africa

        17.4.2. By Technology

        17.4.3. By Type

        17.4.4. By End Use

        17.4.5. By Location

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Technology

        17.5.3. By Type

        17.5.4. By End Use

        17.5.5. By Location

18. Key Countries Mobile Payment Market Analysis 2015-2021 and Forecast 2022-2032

    18.1. Introduction

        18.1.1. Market Value Proportion Analysis, By Key Countries

        18.1.2. Global Vs. Country Growth Comparison

    18.2. US Mobile Payment Market Analysis

        18.2.1. Value Proportion Analysis by Market Taxonomy

        18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.2.2.1. By Technology

            18.2.2.2. By Type

            18.2.2.3. By End Use

            18.2.2.4. By Location

    18.3. Canada Mobile Payment Market Analysis

        18.3.1. Value Proportion Analysis by Market Taxonomy

        18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.3.2.1. By Technology

            18.3.2.2. By Type

            18.3.2.3. By End Use

            18.3.2.4. By Location

    18.4. Mexico Mobile Payment Market Analysis

        18.4.1. Value Proportion Analysis by Market Taxonomy

        18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.4.2.1. By Technology

            18.4.2.2. By Type

            18.4.2.3. By End Use

            18.4.2.4. By Location

    18.5. Brazil Mobile Payment Market Analysis

        18.5.1. Value Proportion Analysis by Market Taxonomy

        18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.5.2.1. By Technology

            18.5.2.2. By Type

            18.5.2.3. By End Use

            18.5.2.4. By Location

    18.6. Germany Mobile Payment Market Analysis

        18.6.1. Value Proportion Analysis by Market Taxonomy

        18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.6.2.1. By Technology

            18.6.2.2. By Type

            18.6.2.3. By End Use

            18.6.2.4. By Location

    18.7. France Mobile Payment Market Analysis

        18.7.1. Value Proportion Analysis by Market Taxonomy

        18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.7.2.1. By Technology

            18.7.2.2. By Type

            18.7.2.3. By End Use

            18.7.2.4. By Location

    18.8. Italy Mobile Payment Market Analysis

        18.8.1. Value Proportion Analysis by Market Taxonomy

        18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.8.2.1. By Technology

            18.8.2.2. By Type

            18.8.2.3. By End Use

            18.8.2.4. By Location

    18.9. BENELUX Mobile Payment Market Analysis

        18.9.1. Value Proportion Analysis by Market Taxonomy

        18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.9.2.1. By Technology

            18.9.2.2. By Type

            18.9.2.3. By End Use

            18.9.2.4. By Location

    18.10. UK Mobile Payment Market Analysis

        18.10.1. Value Proportion Analysis by Market Taxonomy

        18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.10.2.1. By Technology

            18.10.2.2. By Type

            18.10.2.3. By End Use

            18.10.2.4. By Location

    18.11. Nordic Countries Mobile Payment Market Analysis

        18.11.1. Value Proportion Analysis by Market Taxonomy

        18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.11.2.1. By Technology

            18.11.2.2. By Type

            18.11.2.3. By End Use

            18.11.2.4. By Location

    18.12. China Mobile Payment Market Analysis

        18.12.1. Value Proportion Analysis by Market Taxonomy

        18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.12.2.1. By Technology

            18.12.2.2. By Type

            18.12.2.3. By End Use

            18.12.2.4. By Location

    18.13. Japan Mobile Payment Market Analysis

        18.13.1. Value Proportion Analysis by Market Taxonomy

        18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.13.2.1. By Technology

            18.13.2.2. By Type

            18.13.2.3. By End Use

            18.13.2.4. By Location

    18.14. South Korea Mobile Payment Market Analysis

        18.14.1. Value Proportion Analysis by Market Taxonomy

        18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.14.2.1. By Technology

            18.14.2.2. By Type

            18.14.2.3. By End Use

            18.14.2.4. By Location

    18.15. GCC Countries Mobile Payment Market Analysis

        18.15.1. Value Proportion Analysis by Market Taxonomy

        18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.15.2.1. By Technology

            18.15.2.2. By Type

            18.15.2.3. By End Use

            18.15.2.4. By Location

    18.16. South Africa Mobile Payment Market Analysis

        18.16.1. Value Proportion Analysis by Market Taxonomy

        18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.16.2.1. By Technology

            18.16.2.2. By Type

            18.16.2.3. By End Use

            18.16.2.4. By Location

    18.17. Turkey Mobile Payment Market Analysis

        18.17.1. Value Proportion Analysis by Market Taxonomy

        18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.17.2.1. By Technology

            18.17.2.2. By Type

            18.17.2.3. By End Use

            18.17.2.4. By Location

        18.17.3. Competition Landscape and Player Concentration in the Country

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies 

    19.2. Market Concentration

    19.3. Market Share Analysis of Top Players

    19.4. Market Presence Analysis

        19.4.1. By Regional footprint of Players

        19.4.2. Product footprint by Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive 

        20.3.1. Google (Alphabet Inc.)

            20.3.1.1. Overview

            20.3.1.2. Product Portfolio

            20.3.1.3. Sales Footprint

            20.3.1.4. Strategy Overview

        20.3.2. Alibaba Group Holdings Limited

            20.3.2.1. Overview

            20.3.2.2. Product Portfolio

            20.3.2.3. Sales Footprint

            20.3.2.4. Strategy Overview

        20.3.3. Amazon.com Inc.

            20.3.3.1. Overview

            20.3.3.2. Product Portfolio

            20.3.3.3. Sales Footprint

            20.3.3.4. Strategy Overview

        20.3.4. Apple Inc.

            20.3.4.1. Overview

            20.3.4.2. Product Portfolio

            20.3.4.3. Sales Footprint

            20.3.4.4. Strategy Overview

        20.3.5. American Express Company

            20.3.5.1. Overview

            20.3.5.2. Product Portfolio

            20.3.5.3. Sales Footprint

            20.3.5.4. Strategy Overview

        20.3.6. M Pesa

            20.3.6.1. Overview

            20.3.6.2. Product Portfolio

            20.3.6.3. Sales Footprint

            20.3.6.4. Strategy Overview

        20.3.7. Money Gram International

            20.3.7.1. Overview

            20.3.7.2. Product Portfolio

            20.3.7.3. Sales Footprint

            20.3.7.4. Strategy Overview

        20.3.8. PayPal Holdings Inc.

            20.3.8.1. Overview

            20.3.8.2. Product Portfolio

            20.3.8.3. Sales Footprint

            20.3.8.4. Strategy Overview

        20.3.9. Samsung Electronics Co. Ltd.

            20.3.9.1. Overview

            20.3.9.2. Product Portfolio

            20.3.9.3. Sales Footprint

            20.3.9.4. Strategy Overview

        20.3.10. Visa Inc.

            20.3.10.1. Overview

            20.3.10.2. Product Portfolio

            20.3.10.3. Sales Footprint

            20.3.10.4. Strategy Overview

21. Assumptions and Acronyms Used

22. Research Methodology

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List Of Table

Table 1: Global Mobile Payment Market Value (US$ Mn),By Technology, 2015 – 2021

Table 2: Global Mobile Payment Market Value (US$ Mn),By Technology, 2022 – 2032

Table 3: Global Mobile Payment Market Value (US$ Mn), By Type, 2015 – 2021

Table 4: Global Mobile Payment Market Value (US$ Mn), By Type, 2022 – 2032

Table 5: Global Mobile Payment Market Value (US$ Mn), By Location, 2015 – 2021

Table 6: Global Mobile Payment Market Value (US$ Mn), By Location, 2022 – 2032

Table 7: Global Mobile Payment Market Value (US$ Mn), By End Use, 2015 – 2021

Table 8: Global Mobile Payment Market Value (US$ Mn), By End Use, 2022 – 2032

Table 9: Global Mobile Payment Market, By Region, 2015 – 2021

Table 10: Global Mobile Payment Market, By Region, 2022 – 2032

Table 11: North America Mobile Payment Market Value (US$ Mn),By Technology, 2015 – 2021

Table 12: North America Mobile Payment Market Value (US$ Mn),By Technology, 2022 – 2032

Table 13: North America Mobile Payment Market Value (US$ Mn), By Type, 2015 – 2021

Table 14: North America Mobile Payment Market Value (US$ Mn), By Type, 2022 – 2032

Table 15: North America Mobile Payment Market Value (US$ Mn), By Location, 2015 – 2021

Table 16: North America Mobile Payment Market Value (US$ Mn), By Location, 2022 – 2032

Table 17: North America Mobile Payment Market Value (US$ Mn), By End Use, 2015 – 2021

Table 18: North America Mobile Payment Market Value (US$ Mn), By End Use, 2022 – 2032

Table 19: North America Mobile Payment Market, By Country, 2015 – 2021

Table 20: North America Mobile Payment Market, By Country, 2022 – 2032

Table 21: Latin America Mobile Payment Market Value (US$ Mn),By Technology, 2015 – 2021

Table 22: Latin America Mobile Payment Market Value (US$ Mn),By Technology, 2022 – 2032

Table 23: Latin America Mobile Payment Market Value (US$ Mn), By Type, 2015 – 2021

Table 24: Latin America Mobile Payment Market Value (US$ Mn), By Type, 2022 – 2032

Table 25: Latin America Mobile Payment Market Value (US$ Mn), By Location, 2015 – 2021

Table 26: Latin America Mobile Payment Market Value (US$ Mn), By Location, 2022 – 2032

Table 27: Latin America Mobile Payment Market Value (US$ Mn), By End Use, 2015 – 2021

Table 28: Latin America Mobile Payment Market Value (US$ Mn), By End Use, 2022 – 2032

Table 29: Latin America Mobile Payment Market, By Country, 2015 – 2021

Table 30: Latin America Mobile Payment Market, By Country, 2022 – 2032

Table 31: Europe Mobile Payment Market Value (US$ Mn),By Technology, 2015 – 2021

Table 32: Europe Mobile Payment Market Value (US$ Mn),By Technology, 2022 – 2032

Table 33: Europe Mobile Payment Market Value (US$ Mn), By Type, 2015 – 2021

Table 34: Europe Mobile Payment Market Value (US$ Mn), By Type, 2022 – 2032

Table 35: Europe Mobile Payment Market Value (US$ Mn), By Location, 2015 – 2021

Table 36: Europe Mobile Payment Market Value (US$ Mn), By Location, 2022 – 2032

Table 37: Europe Mobile Payment Market Value (US$ Mn), By End Use, 2015 – 2021

Table 38: Europe Mobile Payment Market Value (US$ Mn), By End Use, 2022 – 2032

Table 39: Europe Mobile Payment Market, By Country, 2015 – 2021

Table 40: Europe Mobile Payment Market, By Country, 2022 – 2032

Table 41: Asia Pacific Mobile Payment Market Value (US$ Mn),By Technology, 2015 – 2021

Table 42: Asia Pacific Mobile Payment Market Value (US$ Mn),By Technology, 2022 – 2032

Table 43: Asia Pacific Mobile Payment Market Value (US$ Mn), By Type, 2015 – 2021

Table 44: Asia Pacific Mobile Payment Market Value (US$ Mn), By Type, 2022 – 2032

Table 45: Asia Pacific Mobile Payment Market Value (US$ Mn), By Location, 2015 – 2021

Table 46: Asia Pacific Mobile Payment Market Value (US$ Mn), By Location, 2022 – 2032

Table 47: Asia Pacific Mobile Payment Market Value (US$ Mn), By End Use, 2015 – 2021

Table 48: Asia Pacific Mobile Payment Market Value (US$ Mn), By End Use, 2022 – 2032

Table 49: Asia Pacific Mobile Payment Market, By Country, 2015 – 2021

Table 50: Asia Pacific Mobile Payment Market, By Country, 2022 – 2032

Table 51: MEA Mobile Payment Market Value (US$ Mn),By Technology, 2015 – 2021

Table 52: MEA Mobile Payment Market Value (US$ Mn),By Technology, 2022 – 2032

Table 53: MEA Mobile Payment Market Value (US$ Mn), By Type, 2015 – 2021

Table 54: MEA Mobile Payment Market Value (US$ Mn), By Type, 2022 – 2032

Table 55: MEA Mobile Payment Market Value (US$ Mn), By Location, 2015 – 2021

Table 56: MEA Mobile Payment Market Value (US$ Mn), By Location, 2022 – 2032

Table 57: MEA Mobile Payment Market Value (US$ Mn), By End Use, 2015 – 2021

Table 58: MEA Mobile Payment Market Value (US$ Mn), By End Use, 2022 – 2032

Table 59: MEA Mobile Payment Market, By Country, 2015 – 2021

Table 60: MEA Mobile Payment Market, By Country, 2022 – 2032

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List Of Figures

Figure 1: Global Mobile Payment Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 2: Global Mobile Payment Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032),US$ Mn

Figure 3: Global Mobile Payment Market Share, By Technology, 2022 & 2032

Figure 4: Global Mobile Payment Market Y-o-Y Growth Projections, By Technology – 2022-2032

Figure 5: Global Mobile Payment Market Attractiveness Index, By Technology – 2022-2032

Figure 6: Global Mobile Payment Market Share, By Type, 2022 & 2032

Figure 7: Global Mobile Payment Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 8: Global Mobile Payment Market Attractiveness Index, By Type – 2022-2032

Figure 9: Global Mobile Payment Market Share, By End Use, 2022 & 2032

Figure 10: Global Mobile Payment Market Y-o-Y Growth Projections, By End Use – 2022-2032

Figure 11: Global Mobile Payment Market Attractiveness Index, By End Use – 2022-2032

Figure 12: Global Mobile Payment Market Share, By Location, 2022 & 2032

Figure 13: Global Mobile Payment Market Y-o-Y Growth Projections, By Location – 2022-2032

Figure 14: Global Mobile Payment Market Attractiveness Index, By Location – 2022-2032

Figure 15: Global Mobile Payment Market Share, By Region, 2022 & 2032

Figure 16: Global Mobile Payment Market Y-o-Y Growth Projections, By Region – 2022-2032

Figure 17: Global Mobile Payment Market Attractiveness Index, By Region – 2022-2032

Figure 18: North America Mobile Payment Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 19: North America Mobile Payment Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period(2022 – 2032), US$ Mn

Figure 20: North America Mobile Payment Market Share, By Technology, 2022 & 2032

Figure 21: North America Mobile Payment Market Y-o-Y Growth Projections, By Technology – 2022-2032

Figure 22: North America Mobile Payment Market Attractiveness Index, By Technology – 2022-2032

Figure 23: North America Mobile Payment Market Share, By Type, 2022 & 2032

Figure 24: North America Mobile Payment Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 25: North America Mobile Payment Market Attractiveness Index, By Type – 2022-2032

Figure 26: North America Mobile Payment Market Share, By End Use, 2022 & 2032

Figure 27: North America Mobile Payment Market Y-o-Y Growth Projections, By End Use – 2022-2032

Figure 28: North America Mobile Payment Market Attractiveness Index, By End Use – 2022-2032

Figure 29: North America Mobile Payment Market Share, By Location, 2022 & 2032

Figure 30: North America Mobile Payment Market Y-o-Y Growth Projections, By Location – 2022-2032

Figure 31: North America Mobile Payment Market Attractiveness Index, By Location – 2022-2032

Figure 32: North America Mobile Payment Market Share, By Country, 2022 & 2032

Figure 33: North America Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 34: North America Market Attractiveness Index, By Country – 2022-2032

Figure 35: Latin America Mobile Payment Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 36: Latin America Mobile Payment Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period(2022 – 2032), US$ Mn

Figure 37: Latin America Mobile Payment Market Share, By Technology, 2022 & 2032

Figure 38: Latin America Mobile Payment Market Y-o-Y Growth Projections, By Technology – 2022-2032

Figure 39: Latin America Mobile Payment Market Attractiveness Index, By Technology – 2022-2032

Figure 40: Latin America Mobile Payment Market Share, By Type, 2022 & 2032

Figure 41: Latin America Mobile Payment Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 42: Latin America Mobile Payment Market Attractiveness Index, By Type – 2022-2032

Figure 43: Latin America Mobile Payment Market Share, By End Use, 2022 & 2032

Figure 44: Latin America Mobile Payment Market Y-o-Y Growth Projections, By End Use – 2022-2032

Figure 45: Latin America Mobile Payment Market Attractiveness Index, By End Use – 2022-2032

Figure 46: Latin America Mobile Payment Market Share, By Location, 2022 & 2032

Figure 47: Latin America Mobile Payment Market Y-o-Y Growth Projections, By Location – 2022-2032

Figure 48: Latin America Mobile Payment Market Attractiveness Index, By Location – 2022-2032

Figure 49: Latin America Mobile Payment Market Share, By Country, 2022 & 2032

Figure 50: Latin America Mobile Payment Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 51: Latin America Mobile Payment Market Attractiveness Index, By Country – 2022-2032

Figure 52: Europe Mobile Payment Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 53: Europe Mobile Payment Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period(2022 – 2032), US$ Mn

Figure 54: Europe Mobile Payment Market Share, By Technology, 2022 & 2032

Figure 55: Europe Mobile Payment Market Y-o-Y Growth Projections, By Technology – 2022-2032

Figure 56: Europe Mobile Payment Market Attractiveness Index, By Technology – 2022-2032

Figure 57: Europe Mobile Payment Market Share, By Type, 2022 & 2032

Figure 58: Europe Mobile Payment Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 59: Europe Mobile Payment Market Attractiveness Index, By Type – 2022-2032

Figure 60: Europe Mobile Payment Market Share, By End Use, 2022 & 2032

Figure 61: Europe Mobile Payment Market Y-o-Y Growth Projections, By End Use – 2022-2032

Figure 62: Europe Mobile Payment Market Attractiveness Index, By End Use – 2022-2032

Figure 63: Europe Mobile Payment Market Share, By Location, 2022 & 2032

Figure 64: Europe Mobile Payment Market Y-o-Y Growth Projections, By Location – 2022-2032

Figure 65: Europe Mobile Payment Market Attractiveness Index, By Location – 2022-2032

Figure 66: Europe Mobile Payment Market Share, By Country, 2022 & 2032

Figure 67: Europe Mobile Payment Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 68: Europe Mobile Payment Market Attractiveness Index, By Country – 2022-2032

Figure 69: MEA Mobile Payment Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 70: MEA Mobile Payment Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period(2022 – 2032), US$ Mn

Figure 71: MEA Mobile Payment Market Share, By Technology, 2022 & 2032

Figure 72: MEA Mobile Payment Market Y-o-Y Growth Projections, By Technology – 2022-2032

Figure 73: MEA Mobile Payment Market Attractiveness Index, By Technology – 2022-2032

Figure 74: MEA Mobile Payment Market Share, By Type, 2022 & 2032

Figure 75: MEA Mobile Payment Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 76: MEA Mobile Payment Market Attractiveness Index, By Type – 2022-2032

Figure 77: MEA Mobile Payment Market Share, By End Use, 2022 & 2032

Figure 78: MEA Mobile Payment Market Y-o-Y Growth Projections, By End Use – 2022-2032

Figure 79: MEA Mobile Payment Market Attractiveness Index, By End Use – 2022-2032

Figure 80: MEA Mobile Payment Market Share, By Location, 2022 & 2032

Figure 81: MEA Mobile Payment Market Y-o-Y Growth Projections, By Location – 2022-2032

Figure 82: MEA Mobile Payment Market Attractiveness Index, By Location – 2022-2032

Figure 83: MEA Mobile Payment Market Share, By Country, 2022 & 2032

Figure 84: MEA Mobile Payment Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 85: MEA Mobile Payment Market Attractiveness Index, By Country – 2022-2032

Figure 86: Asia Pacific Mobile Payment Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 87: Asia Pacific Mobile Payment Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period(2022 – 2032), US$ Mn

Figure 88: Asia Pacific Mobile Payment Market Share, By Technology, 2022 & 2032

Figure 89: Asia Pacific Mobile Payment Market Y-o-Y Growth Projections, By Technology – 2022-2032

Figure 90: Asia Pacific Mobile Payment Market Attractiveness Index, By Technology – 2022-2032

Figure 91: Asia Pacific Mobile Payment Market Share, By Type, 2022 & 2032

Figure 92: Asia Pacific Mobile Payment Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 93: Asia Pacific Mobile Payment Market Attractiveness Index, By Type – 2022-2032

Figure 94: Asia Pacific Mobile Payment Market Share, By End Use, 2022 & 2032

Figure 95: Asia Pacific Mobile Payment Market Y-o-Y Growth Projections, By End Use – 2022-2032

Figure 96: Asia Pacific Mobile Payment Market Attractiveness Index, By End Use – 2022-2032

Figure 97: Asia Pacific Mobile Payment Market Share, By Location, 2022 & 2032

Figure 98: Asia Pacific Mobile Payment Market Y-o-Y Growth Projections, By Location – 2022-2032

Figure 99: Asia Pacific Mobile Payment Market Attractiveness Index, By Location – 2022-2032

Figure 100: Asia Pacific Mobile Payment Market Share, By Country, 2022 & 2032

Figure 101: Asia Pacific Mobile Payment Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 102: Asia Pacific Mobile Payment Market Attractiveness Index, By Country – 2022-2032

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

How much is the mobile payment market like to be valued by 2032?

The mobile payment market is expected to reach nearly US$ 590 Bn by 2032.

At what rate will the mobile payment industry grow from 2022-2032?

The mobile payment industry is expected to surpass a CAGR of 30% from 2022-2032.

What was the last 6 years value CAGR for the market on mobile payments?

From 2015 to 2021, mobile payment demand accelerated at a whopping 27% CAGR

Which type of end user is expected to hold the highest share for sales?

BFSI industry is expected to hold more than 20% market share for mobile payment market.

What are the key trends driving mobile payment sales?

Availability of remote payments along with the growing E-commerce industry are the key trends driving mobile payment sales.

Who are the prominent mobile payment market players?

Google (Alphabet Inc.), Samsung Electronics Co. Ltd, Visa Inc., and Alibaba Group Holdings Limited are some prominent mobile payment service providers.

Which type of end user is expected to hold the highest share for sales?

BFSI industry is expected to hold more than 20% market share for mobile payment market.

How much is the North America mobile payment industry worth?

The mobile payment industry is expected to possess nearly 25% market share throughout North America.

How much is the Asia Pacific mobile payment industry worth?

The mobile payment industry is expected to possess nearly 35% market share throughout Asia Pacific.

Mobile Payment Market

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