The global mobile payment technology market is expected to mobile payment technology grow at a significant CAGR during the forecast period 2021-2027. The is an alternate, reliable and modern technique of payment or transaction over a traditional payment system that mainly includes cash, credit cards and cheques as an intermediate to complete the payment activity. The mobile payment technology allows a consumer to perform the activities over a wireless platform using various devices including mobiles, smartphones, desktops and tablets among others and make it easy for customers to get goods and services with improved and secure transaction methods.
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The rapidly growing trends for mobile payment technologies to serve improved payment solutions for end-user, increasing investments and initiatives by the government and growing smart appliances adoption by consumers are some aspects that are projected to drive the market growth of the mobile payment technology market across the globe. The trending emergence of cash technologies with integrated mobile applications is due to the availability of various web-based smart devices. This will support mobile payment over a particular application and contribute to flourishing the growth of the global mobile payment technology market and expected to introduce exponential growth opportunities during the forecast period. Additionally, the increasing adoption of IoT and Cloud-based services is further anticipated to boost the growth of the global mobile payment technology market during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Mobile Payment Technology Market by Segment
By Mode of Transaction
o SMS
o NFC
o WAP
By Type of Mobile Payment
o Mobile Wallet
o Bank Cards
o Mobile Money
By Application
o Entertainment
o Energy & utilities
o Healthcare
o Retail
o Hospitality
o Transportation
Global Mobile Payment Technology Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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