Mobile Payments Market Size, Share and Forecast (2019-2026)

SKU: DOT41 | Last Updated On: 2019-09-04 | No. of Pages: 186 | Available Formats

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In April 2019, Amazon announced the launch of person-to-person (P2P) payments via Amazon Pay for Android users in the country. Customers can now make instant bank-to-bank transactions through the UPI platform.

Market Overview

The global Mobile Payments market expected to reach $XX billion by 2026, at a CAGR of over 27% during the forecast period. This is mainly due to the rising internet penetration, technological developments, and changing attitudes of customers towards cashless payment methods.

1  

**Source: DataM Intelligence Analysis (2019)

 

Payment processed through mobile/ Smartphone for goods, services, or transfer of money is termed as mobile payment, and the technology used to accomplish the task is known as mobile payment technology. The rise in demand for easy and hassle-free purchase of goods and services, resulting in increased preference of consumers toward digital and cashless payments.

The report covers all the major trends and drivers playing a vital role in the growth of the global Mobile Payments market. The global Mobile Payments market has been segmented based on region, type, and end-use industry.

2

**Source: DataM Intelligence Analysis (2019)

Market Dynamics

The global Mobile Payments market growth is primarily driven by rapid integration of mobile payment platforms at brick and mortar stores and e-commerce platforms. The stores and services across the world are rapidly adopting and integrating mobile Owing to changing lifestyle, daily commerce, and rapid growth in online retailing, this trend is expected to continue over for subsequent many years. The companies are rigorously investing in mobile payment technology, owing to significant growth in the industry. For instance, in the Indian market, WhatsApp is working with ICICI bank to introduce mobile payment feature through UPI (unified payments interface).

3

**Source: DataM Intelligence Analysis (2019)

In addition, market participants and other stakeholders are heavily investing in mobile payments such as mobile network operators like Vodafone, e-commerce companies like Google, retailers like Carrefour, payment service providers like PayPal, as well as money transfer operators and card companies. Moreover, growing internet and smartphone penetration, especially in emerging nations, is expected to fuel market growth over the forecast period.

Market Segment Analysis

By Type, the global mobile payments market is segmented into proximity payment and remote payment. In 2018, remote payment dominated the global market. However, proximity payment segment is expected to witness a higher CAGR than remote segment over the forecast period. Remote mobile payment, or m-payment, is when you use your mobile phone is carry out a transaction for a good or service. There are a few different ways that remote m-payment can be carried out. One way allows mobile subscribers to buy something through their phone or via SMS, like an application, ringtone, or video, and it billed to their mobile account. Another way is for mobile phone subscribers to pay directly through a mobile Web site using methods like PayPal, credit or debit cards. Remote payment segment is expected to witness steady growth over the forecast period, mainly due to due to increasing adoption of mobile wallets by consumers for payment purposes at the retailers or for e-commerce.

4

**Source: DataM Intelligence Analysis (2019)

By End-user industry, the global mobile payments market is segmented into hospitality & tourism, BFSI, media & entertainment, retail, and others. In 2018, Retail segment accounted for the majority share in the global mobile payments market. However, with the advent of hotels and car rental apps, the hospitality & tourism segment is projected to witness a tremendous growth rate over the forecast period. In addition, consumers and businesses alike are benefiting from innovation in the payments sector, where firms are competing to provide the lowest-cost remittances, highest-speed transactions, and simplest user interfaces.

Regional Analysis

By geography, the global Mobile Payments Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

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**Source: DataM Intelligence Analysis (2019)

In 2018, APAC dominated the global Mobile Payments market. In addition, China is the leading country in the region as well as globally, with approximately 86% of the population in China using mobile some mobile payment method. Moreover, in APAC, sizeable increases in user adoption over the past year, in countries like India, Vietnam, and Thailand has positively impacted the growth of the market.

In addition, boom in mobile commerce has been witnessed over the past few years, owing to growth in penetration of smartphones coupled with fast connectivity, across the globe. Consumers in regions like North America and Europe are gradually opting for mobile purchase for a number of goods and services such as apparel & accessories, groceries, health & beauty, computer & electronics, and books, owing to ease of ordering and receiving it at one’s doorstep. Moroever, special offers and discount coupons offered by various vendors available on the m-commerce platforms attract customer towards mobile purchase.

Competitive Analysis

Global Mobile Payments Market is fragmented with the presence of global and regional players in the market. The market players in the Mobile Payments market are focusing on expanding through strategic interventions, such as acquisitions, collaborations, expansion and launching advanced products in the Mobile Payments market.  

Some major players in the market are Google LLC, Samsung Group, Amazon.com Inc., Apple Inc., PayPal Inc., MasterCard PLC, Visa Inc., American Express Co., Mahindra ComViva, Orange SA, Tencent Holdings Ltd, Alipay.com Co. Ltd, and among others.

In September 2019, Google Play Store added Unified Payments Interface (UPI) as a payment option for its users in India. Google Play Store in India also supports credit cards, debit cards, net banking and carrier billing via Airtel and Vodafone, Google Play Gift Cards and Google Play Balance, and through other means like Google Rewards.

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**Source: DataM Intelligence Analysis (2019)

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  1. Mobile Payments Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Mobile Payments Market – Market Definition and Overview

  3. Mobile Payments Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by End-User Industry
    3. Market Snippet by Region
  4. Mobile Payments Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rise in adoption of mobile payment in emerging economies
      2. Restraints
        1. Data breach and security concerns
      3. Opportunity Analysis
      4. Impact Analysis
  5. Mobile Payments Market – Industry Analysis

    1. Porter's Five Forces Analysis
  6. Mobile Payments Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Remote payments*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Proximity Payments
  7. Mobile Payments Market – By End-User Industry

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
      2. Market Attractiveness Index, By End-User Industry
    2. Hospitality & Tourism
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. BFSI
    4. Media & Entertainment
    5.  Retail
    6. Others
  8. Mobile Payments Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Colombia
        5. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Indonesia
        6. Australia
        7. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
  9. Global Mobile Payments Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Company Profiles

    1. Tencent Holdings Ltd*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Google LLC
    3. Samsung Group
    4. Amazon.com Inc.
    5. Apple Inc.
    6. PayPal Inc.
    7. MasterCard PLC
    8. Visa Inc.
    9. American Express Co.
    10.  Alipay.com Co. Ltd (*List not exhaustive)
  11. Global Mobile Payments Market – Premium Insights

  12. Global Mobile Payments Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables

Table 01 Global Mobile Payment Market Value, By Type, 2018,2022 & 2026 ($ Million)

Table 02 Global Mobile Payment Market Value, By End-user Industry, 2018,2022 & 2026 ($ Million)

Table 03 Global Mobile Payment Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 04 Global Mobile Payment Market Value, By Type, 2018,2022 & 2026 ($ Million)

Table 05 Global Mobile Payment Market Value, By Type, 2017-2026 ($ Million)

Table 06 Global Mobile Payment Market Value, By End-user Industry, 2018,2022 & 2026 ($ Million)

Table 07 Global Mobile Payment Market Value, By End-user Industry, 2017-2026 ($ Million)

Table 08 Global Mobile Payment Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 09 Global Mobile Payment Market Value, By Region, 2017-2026 ($ Million)

Table 10 North America Mobile Payment Market Value, By Type, 2017-2026 ($ Million)

Table 11 North America Mobile Payment Market Value, By End-user Industry, 2017-2026 ($ Million)

Table 12 North America Mobile Payment Market Value, By Country, 2017-2026 ($ Million)

Table 13 South America Mobile Payment Market Value, By Type, 2017-2026 ($ Million)

Table 14 South America Mobile Payment Market Value, By End-user Industry, 2017-2026 ($ Million)

Table 15 South America Mobile Payment Market Value, By Country, 2017-2026 ($ Million)

Table 16 Europe Mobile Payment Market Value, By Type, 2017-2026 ($ Million)

Table 17 Europe Mobile Payment Market Value, By End-user Industry, 2017-2026 ($ Million)

Table 18 Europe Mobile Payment Market Value, By Country, 2017-2026 ($ Million)

Table 19 Asia-Pacific Mobile Payment Market Value, By Type, 2017-2026 ($ Million)

Table 20 Asia-Pacific Mobile Payment Market Value, By End-user Industry, 2017-2026 ($ Million)

Table 21 Asia-Pacific Mobile Payment Market Value, By Country, 2017-2026 ($ Million)

Table 22 Middle East & Africa Mobile Payment Market Value, By Type, 2017-2026 ($ Million)

Table 23 Middle East & Africa Mobile Payment Market Value, By End-user Industry, 2017-2026 ($ Million)

Table 24 Tencent Holdings Ltd: Overview

Table 25 Tencent Holdings Ltd: Product Portfolio

Table 26 Tencent Holdings Ltd: Key Developments

Table 27 Google LLC: Overview

Table 28 Google LLC: Product Portfolio

Table 29 Google LLC: Key Developments

Table 30 Samsung Group: Overview

Table 31 Samsung Group: Product Portfolio

Table 32 Samsung Group: Key Developments

Table 33 Amazon.com Inc. : Overview

Table 34 Amazon.com Inc. : Product Portfolio

Table 35 Amazon.com Inc. : Key Developments

Table 36 Apple Inc. : Overview

Table 37 Apple Inc. : Product Portfolio

Table 38 Apple Inc. : Key Developments

Table 39 PayPal Inc.: Overview

Table 40 PayPal Inc.: Product Portfolio

Table 41 PayPal Inc.: Key Developments

Table 42 MasterCard PLC: Overview

Table 43 MasterCard PLC: Product Portfolio

Table 44 MasterCard PLC: Key Developments

Table 45 Visa Inc.: Overview

Table 46 Visa Inc.: Product Portfolio

Table 47 Visa Inc.: Key Developments

Table 48 American Express Co.: Overview

Table 49 American Express Co.: Product Portfolio

Table 50 American Express Co.: Key Developments

Table 51 Alipay.com Co. Ltd: Overview

Table 52 Alipay.com Co. Ltd: Product Portfolio

Table 53 Alipay.com Co. Ltd: Key Developments

List of Figures

Figure 01 Global Mobile Payment Market Share, By Type, 2018 & 2026 (%)

Figure 02 Global Mobile Payment Market Share, By End-user Industry, 2018 & 2026 (%)

Figure 03 Global Mobile Payment Market Share, By Region, 2018 & 2026 (%)

Figure 04 Global Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 05 Global Mobile Payment Market Y-o-Y Growth, By Type, 2018-2026 (%)

Figure 06 Proximity Payment: Global Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 07 Remote Payment: Global Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 08 Global Mobile Payment Market Y-o-Y Growth, By End-user Industry, 2018-2026 (%)

Figure 09 Hospitality & Tourism: Global Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 10 BFSI: Global Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 11 Media & Entertainment: Global Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 12 Retail: Global Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 13 Others: Global Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 14 Global Mobile Payment Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 15 North America Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 16 North America Mobile Payment Market Share, By Type, 2018 & 2026 (%)

Figure 17 North America Mobile Payment Market Share, By End-user Industry, 2018 & 2026 (%)

Figure 18 North America Mobile Payment Market Share, By Country, 2018 & 2026 (%)

Figure 19 South America Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 20 South America Mobile Payment Market Share, By Type, 2018 & 2026 (%)

Figure 21 South America Mobile Payment Market Share, By End-user Industry, 2018 & 2026 (%)

Figure 22 South America Mobile Payment Market Share, By Country, 2018 & 2026 (%)

Figure 23 Europe Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 24 Europe Mobile Payment Market Share, By Type, 2018 & 2026 (%)

Figure 25 Europe Mobile Payment Market Share, By End-user Industry, 2018 & 2026 (%)

Figure 26 Europe Mobile Payment Market Share, By Country, 2018 & 2026 (%)

Figure 27 Asia-Pacific Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 28 Asia-Pacific Mobile Payment Market Share, By Type, 2018 & 2026 (%)

Figure 29 Asia-Pacific Mobile Payment Market Share, By End-user Industry, 2018 & 2026 (%)

Figure 30 Asia-Pacific Mobile Payment Market Share, By Country, 2018 & 2026 (%)

Figure 31 Middle East & Africa Mobile Payment Market Value, 2017-2026 ($ Million)

Figure 32 Middle East & Africa Mobile Payment Market Share, By Type, 2018 & 2026 (%)

Figure 33 Middle East & Africa Mobile Payment Market Share, By End-user Industry, 2018 & 2026 (%)

Figure 34 Tencent Holdings Ltd: Financials

Figure 35 Google LLC: Financials

Figure 36 Samsung Group: Financials

Figure 37 Amazon.com Inc. : Financials

Figure 38 Apple Inc. : Financials

Figure 39 PayPal Inc.: Financials

Figure 40 MasterCard PLC: Financials

Figure 41 Visa Inc.: Financials

Figure 42 American Express Co.: Financials

Figure 43 Alipay.com Co. Ltd: Financials

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