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 advanced technological features attributed by mobile payment technology include direct mobile billing, SMS based transactions and near field communication (NFC) are major factors expected to drive the market growth of the global mobile payment technology market. These features enable safe and secure transaction of payments over any platform that promote mobile payment technology and leverage consumer to attempt secure and reduced risk transactions. Thus, it will upsurge the demand for mobile payment and is anticipated to provide lucrative growth opportunities for the global mobile payment technology market.
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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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