Global mobile payment technologies market is expected to register a healthy CAGR of 35.48% in the forecast period of 2019-2026.
To acquire an in depth understanding of the industry, this MOBILE PAYMENT TECHNOLOGIES Market research report is a wonderful solution. This market report gives out the top to bottom assessment of the market as far as income and developing business sector is concerned. The market analysis carried out here highlights various segments that are relied upon to witness the quickest business development along with the estimate forecast frame. The report describes market analysis, market definition, market segmentation, key developments in the market, key players or competitor analysis and detailed research methodology.
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Top Manufacturers Profiles Operating in this Market: Visa; Ant Financial; Airtel India; Boku Inc.; Apple Inc.; AT&T Intellectual Property; Mastercard; Google; Fortumo; American Express Company; PayPal; Tencent; Vodafone Group; Fiserv, Inc.; Microsoft; First Data Corporation; BlueSnap Inc.; Global Payments Inc.; Paytm; others
Main objectives for this report:
- We will give you an assessment of the extent to which the market possesses commercial characteristics (such as the presence of firms with primarily non-government business bases, the presence of business methods not consistent with public law/regulation/oversight including government acquisition) along with examples or instances of information that supports your assessment.
- We will also help you identify standard/customary terms and conditions such as discounts, warranties, buyer financing, inspection, and acceptance for the industry.
- We will further help you in knowing any pricing issues, price ranges, and analysis of price variations of products in this industry.
- Furthermore, we will help you in identifying any historical trends to predict Protection Market growth rate up to 2026.
- Lastly, we will predict the general tendency for supply and demand in the Market industry.
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Company Key Points & Share Analysis: Mobile payment technologies are the services provided by various financial institutions, network providers and digital financial merchants wherein the users can transact with individuals & organisations with the help of their smartphones, smart devices in the financial sense for the exchange of products & services availed by the user. The integration of these technologies with smart devices transforms them into a mode of payment operations, helping in secure financial transactions. This method is used to avoid the usage of physical currency forms.
Major Topics Covered in the report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Major Market Drivers & Restraints:
- Increased levels of users of smartphones, smart devices availing the usage of internet is expected to drive the growth of the market
- Availability of innovative methods of usage and advancements in technology; the market is expected to be driven by this factor
- Concerns regarding security and threats of hacking private information is expected to restrain the growth of the market
- Lack of regulations and standards to transact with individuals and organisations in different regions or across borders; this factor is expected to restrain the growth of the market
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Key Developments in the Market:
In May 2019, ACI Worldwide, Inc. announced that they had acquired Speedpay from Western Union for USD 750 million approximately. This transaction will help in expanding their consumers and service offerings by combining Speedpay’s bill payment platform. ACI will be able to provide expanded payment services across verticals like consumer finance, insurance, healthcare, higher education, utilities, government and mortgage.
In April 2019, PayUmoney announced that they had acquired Wibmo, establishing a market leader of financial services due to the combination in expertise of both the companies. Wibmo is a leader of digital transactional security globally and PayUmoney has an established network of merchants utilizing their financial services. This acquisition will provide better operations of transactions and faster processing due to their combination.
Mobile Payment Technologies market With Key Segments:
- Proximity Payment
- Near Field Communication (NFC)
- QR Code Payment
- Remote Payment
- Short Message Service-Based (SMS-Based)
- Direct Operator Billing
- Digital Wallet
- Unstructured Service Supplementary Data/Sim Tool Kit (USSD/STK)
By Purchase Type
- Airtime Transfers & Top-Ups
- Merchandise & Coupons
- Money Transfers & Payments
- Travel & Ticketing, Others
- Banking, Financial Services & Insurance (BFSI)
- Media & Entertainment
- Hospitality & Tourism
North America: US, Canada, Mexico
South America: Brazil, Argentina, Rest of South America
Asia-Pacific: Japan, China, South Korea, India, Australia, Singapore, Malaysia
Middle East and Africa: South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel
WHY YOU SHOULD BUY Mobile Payment Technologies market REPORT?
The Mobile Payment Technologies market report provides a meticulous picture of the sector by summary of data, production, and method of study originated from various sources. Competitive analysis comprises identifying the key mutual trends and major players of the market. Besides, report also includes an assessment of different factors essential for the existing market players and new market players coupled with methodical study of value chain.
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