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Global mobile payments market worth $3.6 billion by 2022

Financial Services Market Research

The Global Mobile Payments Market is attain to reach a market size of $3.6 billion by 2022, according to this research report.


According to a new report Global Mobile Payments Market  Make an Inquiry about this news(2016-2022), published by KBV Research, the global Mobile Payments Market is expected to attain a market size of $3.6billion by 2022, growing at a CAGR of 32.3% during the forecast period.

The Short Message Service (SMS) market dominated the Global Mobile Payments Market by Mode of Transaction in 2015, and would continue to be a dominant market till 2022; The Wireless Access Protocol (WAP) market is expected to witness a CAGR of 33.4% during (2016 – 2022).

The Retail market dominated the Global Mobile Payments Market by Application in 2015, and would continue to be a dominant market till 2022; growing at a CAGR of 29.1 % during the forecast period. The Entertainment market is expected to witness a CAGR of 32.9% during (2016 – 2022).