Global Mobile Payment Transaction Market Report By Technology (SMS Mobile Payment Transactions, WAP/ WEB, USSD, NFC), By Purpose (Merchandise Purchase, Money Transfer, Bill Payment, Ticketing, Other Purpose) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030
The global demand for Mobile Payment Transaction Market is presumed to reach the market size of nearly USD 3.13 BN by 2030 from USD 2.07 BN in 2022 with a CAGR of 5.29% under the study period 2023 - 2030.
A mobile payment transaction, often referred to as a mobile payment or mobile money transaction, is a financial transaction that takes place using a mobile device as the primary means of initiating and authorizing the payment. This method of payment has gained widespread popularity due to its convenience and ease of use.
The mobile payment transaction market is experiencing robust growth driven by a convergence of factors. Central to this growth is the unparalleled convenience offered by mobile payments, allowing users to make transactions at any time and location using their smartphones. The pandemic further accelerated the adoption of contactless payment methods, including mobile payments, as consumers sought to minimize physical contact and enhance hygiene. The rise of mobile wallet apps has made it easier for users to securely link their payment methods, contributing to the market's expansion. As these platforms continuously invest in robust security measures, including biometric authentication, user trust in the security of financial information has increased. Moreover, the increasing penetration of smartphones, greater retail acceptance of mobile payments, the rise of e-commerce, and the growth of peer-to-peer payment capabilities are all key drivers. Mobile payments have also promoted financial inclusion and facilitated international trade, while governments and businesses are recognizing the potential and value of this technology. The market is poised to continue its growth trajectory, particularly as younger generations, more inclined to adopt mobile payments, become a larger part of the consumer base and as technological innovations and features further enhance the mobile payment experience.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of mobile payment transaction. The growth and trends of mobile payment transaction industry provide a holistic approach to this study.
This section of the mobile payment transaction market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
SMS Mobile Payment Transactions
This section covers the regional outlook, which accentuates current and future demand for the Mobile Payment Transaction market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Mobile Payment Transaction Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Mobile Payment Transaction market include Pay Pay, MasterCard, Google Wallet, LevelUp, Braintree., Visa, MoneyBookers, WorldPay, Clinkle, SinglePoint, Venmo. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . MOBILE PAYMENT TRANSACTION – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Technology
3.7.2 Market Attractiveness Analysis By Purpose
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL MOBILE PAYMENT TRANSACTION MARKET ANALYSIS BY TECHNOLOGY
5.1 Overview by Technology
5.2 Historical and Forecast Data
5.3 Analysis by Technology
5.4 SMS Mobile Payment Transactions Historic and Forecast Sales by Regions
5.5 WAP/ WEB Historic and Forecast Sales by Regions
5.6 USSD Historic and Forecast Sales by Regions
5.7 NFC Historic and Forecast Sales by Regions
6 . GLOBAL MOBILE PAYMENT TRANSACTION MARKET ANALYSIS BY PURPOSE
6.1 Overview by Purpose
6.2 Historical and Forecast Data
6.3 Analysis by Purpose
6.4 Merchandise Purchase Historic and Forecast Sales by Regions
6.5 Money Transfer Historic and Forecast Sales by Regions
6.6 Bill Payment Historic and Forecast Sales by Regions
Frequently Asked Questions (FAQs) about this Report
For the year 2022, the global market size for Mobile Payment Transaction Market was valued at USD 2.07 Billion.
The Global Mobile Payment Transaction Market growth is estimated to be close to 5.29% between 2023 and 2030.
The Global Mobile Payment Transaction Market is segmented by Technology (SMS Mobile Payment Transactions, WAP/ WEB, USSD, NFC), by Purpose (Merchandise Purchase, Money Transfer, Bill Payment, Ticketing, Other Purpose).
The leading players in the Global Mobile Payment Transaction Market are Pay Pay, MasterCard, Google Wallet, LevelUp, Braintree., Visa, MoneyBookers, WorldPay, Clinkle, SinglePoint, Venmo.