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Global mobile payment transaction service market forecast to 2022 illuminated by new report

Mobile payments are defined as any payment transactions whether in store or remote executed on the mobile phone. In the recent years, increased penetration of smartphones across the globe, comfort in using the applications and busy lifestyle is increasing the usage of mobile payment systems.

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Owing to its essential nature in today’s fast and busy lifestyle, mobile payments are gaining speed across the globe.

The changing attitude of consumers and urge for faster transaction is creating positive impact on the mobile payments market.

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Declining profits from traditional sources of income is also driving the financial institutions to look out for alternative income options. Telecom providers are also trapped by declining margins from voice segments due to competitive call rates, both these entities play a major role in the value chain mobile payment system market.

Global Mobile Payment Transaction Services market is growing at a CAGR of 39.6% during the forecast period 2017 to 2022. The key drivers for growth of the market include convenience and immediacy.

However, security associated with mobile based transactions is the major factor restraining the market growth. As such, a horde of mobile money propositions like carrier billing are still highly pertinent to consumers with no credit cards or as a expedient way of purchasing apps in app stores and online content.

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Rising NFC option is how retailers are utilizing mobile money together with other key retail elements like, rewards, offers, and loyalty to remain significant on the high street. With huge sections of the population unbanked so far vigorously using feature phones to access mobile money services and pay for physical goods, bill payments, money transfer, or accessing digital goods and services persist to rule.

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This report studies the Mobile Payment Transaction Services market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the Mobile Payment Transaction Services market by product and Application/end industries.

The global Mobile Payment Transaction Services market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

Table of Content:-          

1 Industry Overview

1.1 Mobile Payment Transaction Services Market Overview

1.1.1 Mobile Payment Transaction Services Product Scope

1.1.2 Market Status and Outlook

1.2 Global Mobile Payment Transaction Services Market Size and Analysis by Regions (2012-2017)

1.2.1 United States Mobile Payment Transaction Services Market Status and Outlook

1.2.2 EU Mobile Payment Transaction Services Market Status and Outlook

1.2.3 Japan Mobile Payment Transaction Services Market Status and Outlook

1.2.4 China Mobile Payment Transaction Services Market Status and Outlook

1.2.5 India Mobile Payment Transaction Services Market Status and Outlook

1.2.6 Southeast Asia Mobile Payment Transaction Services Market Status and Outlook

1.3 Mobile Payment Transaction Services Market by End Users/Application

1.3.1 Face to Face

1.3.2 Remote Payment

2 Global Mobile Payment Transaction Services Competition Analysis by Players

2.1 Global Mobile Payment Transaction Services Market Size (Million USD) by Players (2012-2017)

2.2 Competitive Status and Trend

2.2.1 Market Concentration Rate

2.2.2 Product/Service Differences

2.2.3 New Entrants

2.2.4 The Technology Trends in Future

3 Company (Top Players) Profiles and Key Data

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