Sale

Mobile Payment Market

Global Mobile Payment Market Size, Share, Analysis: By Transaction Mode: Mobile Web Payments, Near Field Communication, Others; By End User: Personal, Business; By Purchase Type: Airtime Transfer and Top Ups, Money Transfers and Bill Payments, Others; By Application: Media and Entertainment, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Mobile Payment Market Outlook

The global mobile payment market attained a value of around USD 2986 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 18.8% to reach a vaue of USD 14,422 billion by 2032.

 

Growth in Use of Smartphones to Boost the Mobile Payment Industry

Consumers are increasingly using wireless devices as a part of their current lifestyles, resulting in significant development in mobile payments. Because mobile payments are quick, simple, and linked to established, well-known financial processing systems, more retailers are rapidly supporting and encouraging them. Similarly, for many individuals, the internet has become an integral part of their lives. This has boosted the global prevalence of smartphones and internet users, propelling the mobile payment industry forward.

 

Mobile Payment Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Mobile payments are a viable alternative to cash, credit cards, and even money held in the banking system. This is particularly true in underdeveloped nations, where present financial services are unavailable or limited. As there is a rise in the internet penetration in these regions, the demand for mobile payment has also expanded. Thus, the mobile payment industry has been growing at a robust rate.

During the COVID-19 pandemic, the high demand for contactless payments in retail stores propelled the market growth. In addition, the implementation and adoption of social distancing norms further boosted the consumer use of electronic payment systems.

 

Mobile Payment: Market Segmentation

Mobile payment (also known as mobile money, mobile money transfer, and mobile wallet) refers to payment services that are carried out from or via a mobile device and are governed by financial regulations. A user can use a mobile phone to pay for a variety of services and digital or tangible products instead of cash, check, or credit card.

 

Mobile Payment Market by Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The major transaction modes of mobile payment are:

  • Mobile Web Payments
  • Near Field Communication
  • SMS Direct Carrier Billing
  • Others

The market can be broadly categorised on the basis of its end user segments into:

  • Personal
  • Business

The market on the basis of purchase type can be segmented into:

  • Airtime Transfer and Top Ups 
  • Money Transfer and Bill Payments
  • Merchandise and Coupons 
  • Travel and Ticketing
  • Others

The major applications of mobile payment are:

  • Media and Entertainment
  • Energy and Utilities
  • Healthcare
  • Retail
  • Hospitality and Transportation
  • Others

The EMR report looks into the regional markets of mobile payments like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Mobile Payment Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Progression in the Banking Sector to Flourish the Mobile Payment Industry

In terms of payment prototypes, the bank-centric model, in which traditional financial institutions are relied upon for clearing and settlement, is rapidly being replaced by a more decentralised model that at times may involve settlement by non-financial service providers, or on a peer basis, and/or a collaborative model. The latter approach involves collaboration between banks, mobile carriers, and other players in the mobile payments value chain, including a possible trusted third party that handles mobile application deployment. The growing popularity of the collaborative model is expected to boost the market growth of mobile payment in the coming years.

 

Key Industry Players in the Global Mobile Payment Market

The report presents a detailed analysis of the following key players in the global mobile payment market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • American Express Co.
  • Apple Inc.
  • Google LLC
  • JPMorgan Chase & Co.
  • Mastercard Incorporated
  • One97 Communications Ltd.
  • PayPal Holding, Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Transaction Mode
  • End User
  • Purchase Type 
  • Application 
  • Region
Breakup by Transaction Mode
  • Mobile Web Payments
  • Near Field Communication 
  • SMS Direct Carrier Billing
  • Others
Breakup by End User
  • Personal
  • Business
Breakup by Purchase Type
  • Airtime Transfer and Top Ups
  • Money Transfers and Bill Payments
  • Merchandise and Coupons
  • Travel and Ticketing 
Breakup by Application
  • Media and Entertainment 
  • Energy and Utilities
  • Healthcare 
  • Retail
  • Hospitality and Transportation
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • American Express Company
  • Apple, Inc
  • Google LLC
  • JPMorgan Chase & Co
  • Mastercard Incorporated
  • One97 Communications Ltd.
  • Paypal Holdings, Inc
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Application
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Mobile Payment Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Mobile Payment Historical Market (2018-2023) 
    8.3    Global Mobile Payment Market Forecast (2024-2032)
    8.4    Global Mobile Payment Market by Transaction Mode
        8.4.1    Mobile Web Payments
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Near Field Communication 
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    SMS Direct Carrier Billing
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Mobile Payment Market by End User
        8.5.1    Personal
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Business
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Mobile Payment Market by Purchase Type 
        8.6.1    Airtime Transfer and Top Ups
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Money Transfers and Bill Payments
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Merchandise and Coupons
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Travel and Ticketing
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Mobile Payment Market by Application 
        8.7.1    Media and Entertainment
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Energy and Utilities
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Healthcare 
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Retail
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Hospitality and Transportation
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Others 
    8.8    Global Mobile Payment Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Mobile Payment Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Mobile Payment Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Mobile Payment Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Mobile Payment Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Mobile Payment Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    American Express Company
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Apple, Inc
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Google LLC
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    JPMorgan Chase & Co
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Mastercard Incorporated
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    One97 Communications Ltd.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Paypal Holdings, Inc
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Mobile Payment Market: Key Industry Highlights, 2018 and 2032
2.    Global Mobile Payment Historical Market: Breakup by Source (USD Billion), 2018-2023
3.    Global Mobile Payment Market Forecast: Breakup by Source (USD Billion), 2024-2032
4.    Global Mobile Payment Historical Market: Breakup by Transaction Mode (USD Billion), 2018-2023
5.    Global Mobile Payment Market Forecast: Breakup by Transaction Mode (USD Billion), 2024-2032
6.    Global Mobile Payment Historical Market: Breakup by End User (USD Billion), 2018-2023
7.    Global Mobile Payment Market Forecast: Breakup by End User (USD Billion), 2024-2032
8.    Global Mobile Payment Historical Market: Breakup by Purchase Type (USD Billion), 2018-2023
9.    Global Mobile Payment Market Forecast: Breakup by Purchase Type (USD Billion), 2024-2032
10.    Global Mobile Payment Historical Market: Breakup by Application (USD Billion), 2018-2023
11.    Global Mobile Payment Market Forecast: Breakup by Application (USD Billion), 2024-2032
12.    Global Mobile Payment Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Mobile Payment Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Mobile Payment Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Mobile Payment Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Mobile Payment Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Mobile Payment Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Mobile Payment Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Mobile Payment Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Mobile Payment Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Mobile Payment Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Mobile Payment Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Mobile Payment Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Global Mobile Payment Market Structure

Key Questions Answered in the Report

In 2023, the global mobile payment market attained a value of nearly USD 2,986 billion.

The market is projected to grow at a CAGR of 18.8% between 2024 and 2032.

The major market drivers include the growing preference for wireless devices among consumers, growing smartphone ownership, and the robust growth of the e-commerce sector.

The key trends guiding the market include the introduction of favourable government initiatives aimed at promoting digitalisation, the growing use of mobile payment as an alternative to traditional financing methods, and the rising popularity of collaborative models.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. 

The major transaction modes of mobile payment in the market are mobile web payments, near field communication, and SMS direct carrier billing, among others.

The leading end users in the market are personal and business.

The significant purchase types considered in the market report are airtime transfer and pop ups, money transfers and bill payments, merchandise and coupons, and travel and ticketing, among others.

The major application segments of mobile payments are media and entertainment, energy and utilities, healthcare, retail, and hospitality and transportation, among others.

The major market players include American Express Company, Apple, Inc, Google LLC, JPMorgan Chase & Co, Mastercard Incorporated, One97 Communications Ltd., and Paypal Holdings, Inc, among others.

Analyst Review

The global mobile payment market attained a value of USD 2986 billion in 2023, driven by the rising prevalence of e-commerce among the growing population. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 18.8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on the transaction mode, the industry can be divided into mobile web payments and near field communication, SMS direct carrier billing, among others. Based on its end users, the mobile payment industry can be segmented into personal and business. On the basis of purchase type, the industry is divided into airtime transfer, money transfer and bill payments, merchandise and coupons, travel and ticketing, among others. On basis of applications, the mobile payment industry is divided into media and entertainment, energy and utilities, healthcare, retail, hospitality and transportation, and others.  The major regional markets for mobile payments are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include American Express Co, Apple Inc, Google LLC, JPMorgan Chase & Co., Mastercard Incorporated, One97 Communications Ltd, PayPal Holdings, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER