The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The initiatives taken by governments to promote a cashless economy are expected to drive innovation in mobile payment technologies manufacturing, thus driving the market during the forecast period.

The global mobile payment technologies market is expected to grow from $86.91 billion in 2022 to $109.06 billion in 2023 at a compound annual growth rate (CAGR) of 25.5%. The global mobile payment technologies market size is expected to grow to $267.96 billion in 2027 at a CAGR of 25.2%.

Get A Free Sample On The Global Mobile Payment Technologies Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2523&type=smp

Global Mobile Payment Technologies Market Segments Include:

• By Solutions: Point-Of Sale (POS), In-Store Payments, and Remote Payments
• By Application: Retail & E-Commerce, Healthcare, BFSI, Enterprise
• By POS Solutions: Near-Field Communication (NFC) Payments, Sound-Wave Based Payments, Magnetic Secure Transmission (MST) Payments
• By In-Store Payments Solutions: Mobile Wallets, Quick Response (QR) Code Payments
• 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. Among these regions, Asia Pacific is the largest region in the global mobile payment technologies market in 2021.

Major Market Players in the mobile payment technologies market include PayPalInc., MasterCard, Bharti Airtel, GoogleInc., Apple Inc., First Data Corporation, American Express Co., Vodacom Group, Millicom International Cellular.

The integration of Internet of Things (IoT) with mobile payments is an emerging trend in the mobile payment technologies market. 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. For example, MasterCard integrated IoT for bringing payments to a wide range of consumer products for around 50 billion devices that are expected to be connected to the internet by 2020. The company is also planning to come up with the latest IoT-based devices to boost digital payments.

The Mobile Payment Technologies Global Market Report 2023  provides a mobile payment technologies market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mobile payment technologies market forecast analyzes mobile payment technologies market size, mobile payment technologies market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Mobile payments refer to that technology or software in which payments are made within the framework of financial regulation and performed by mobile phones with NFC capabilities.

Explore Similar Reports From The Business Research Company:

Mobile Money Global Market Report 2023

Mobile Device Management Global Market Report 2023

Mobile Engagement Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: