Consumer Mobile Payments Market

E-commerce is well and truly here to stay and has revolutionized the retail industry. E-commerce has essentially transformed the world into one big global village, allowing companies to reach customers in far-flung areas. The developing world in particular is predicted to be ?mobile-first? or even ?mobile-only?, and smartphone sales have already eclipsed that of traditional PCs. The comfort and convenience provided by mobile e-commerce is unparalleled and it aims to cater to the demand for niche products as well as traditional ones. Any company that chooses to ignore the mobile e-commerce movement does so at its own peril. The smartphone explosion has led to mobile wallets and contactless payments being adopted slowly but surely. Developing countries are leading the way when it comes to becoming cashless and they have taken to the mobile phone to transfer funds like no other device. A few of the factors responsible for widespread adoption of mobile payments include efficiency, cost-effectiveness, usability, transaction security and interoperability. Even though credit and debit cards currently enjoy a higher rate of usage, the advent of mobile payment Apps and other contactless payments should ensure that they become the go-to-solution for all kinds of payment needs in the future.
Consumer Mobile Payments Market contains market size and forecasts of Consumer Mobile Payments in Global, including the following market information:
Global Consumer Mobile Payments Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Consumer Mobile Payments market was valued at 1161370 million in 2021 and is projected to reach US$ 5928030 million by 2028, at a CAGR of 26.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Remote Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Consumer Mobile Payments include ACI Worldwide, Alphabet, Samsung Electronics, DH, Fidelity National Information Services, Fiserv, Jack Henry & Associates, MasterCard and PayPal Holdings, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Consumer Mobile Payments companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Consumer Mobile Payments Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Consumer Mobile Payments Market Segment Percentages, by Type, 2021 (%)
Remote
Proximity
Global Consumer Mobile Payments Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Consumer Mobile Payments Market Segment Percentages, by Application, 2021 (%)
Retail
Hospitality & Tourism
IT & Telecommunication
BFSI
Media & Entertainment
Healthcare
Airline
Others
Global Consumer Mobile Payments Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Consumer Mobile Payments Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Consumer Mobile Payments revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Consumer Mobile Payments revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ACI Worldwide
Alphabet
Samsung Electronics
DH
Fidelity National Information Services
Fiserv
Jack Henry & Associates
MasterCard
PayPal Holdings
Square
Visa
Apple