The Global Mobile Payment Technologies Market Report by The Business Research company covers mobile payment technologies market drivers and restraints, mobile payment technologies market size, major players, and the impact of COVID-19 on the mobile payment technologies market.

The mobile payment technologies market consists of sales of mobile payment technologies and related services. This market deals with a method of payment that does not involve cash or cheques, but allows consumer to make immediate payments using portable electronic devices such as smartphones or tablets.

The initiatives taken by governments to promote a cashless economy is a major driver for the growth of the mobile payment technologies market. A cashless economy is the one in which financial transactions are not done with banknotes or physical currency but via digital modes of payment.

The global mobile payment technologies market is expected to grow from $51.96 billion in 2020 to $60.42 billion in 2021 at a compound annual growth rate (CAGR) of 16.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The mobile payment technologies market is expected to reach $174.29 billion in 2025 at a CAGR of 30.3%.

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Some mobile payment technologies market trends include the integration of Internet of Things (IoT) with mobile payments. IoT is a system of interrelated computing devices, mechanical and digital machines, or people that can transfer data over a network without requiring any human-to-human or human-to-computer interaction. The integration of IoT in mobile payment technologies eases the payment experience of consumers and merchants, ensuring smooth and efficient payments on both ends. Due to increased convenience and safety provided by IoT-based mobile payments, many people are moving towards mobile payment technologies.

Global mobile payment technologies market segments include:

1) By Solutions: Point-Of Sale (POS), In-Store Payments, Remote Payments.

2) By Application: Retail & E-Commerce, Healthcare, BFSI, Enterprise.

3) By POS Solutions: Near-Field Communication (NFC) Payments, Sound-Wave Based Payments, Magnetic Secure Transmission (MST) Payments.

4) By In-Store Payments Solutions: Mobile Wallets, Quick Response (QR) Code Payments.

5) By Remote Payments: Internet Payments, SMS Payments, Direct Carrier Billing, Mobile Banking.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Mobile Payment Technologies Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides mobile payment technologies market overviews, analyzes and forecasts market size, share, mobile payment technologies market players, mobile payment technologies market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The mobile payment technologies market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Mobile Payment Technologies Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: PayPal Inc., MasterCard, Bharti Airtel, Google Inc., Apple Inc., First Data Corporation, American Express Co., Vodacom Group, Millicom International Cellular, Mahindra Comviva, Orange, Dwolla Inc., WorldPay, Paytm, AT&T Inc., Safaricom Limited, MTN Group, Econet Wireless Zimbabwe, Visa, BlueSnap, PayU, Bank of America, Amazon, Citrus Payment Solutions, Stripe, Six Payment services, Paysafe, Wirecard, Novatti, Vodafone Ltd., Microsoft Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Mobile Payment Technologies Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Mobile Payment Technologies Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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