Global Mobile Payment Technologies Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

25 Nov, 2021

Check out TBRC’s sale today for

The mobile payment technologies market consists of sales of mobile payment technologies and related services. This market deals with a method of payment that does not involve cash or cheques, but allows consumer to make immediate payments using portable electronic devices such as smartphones or tablets.

Global Mobile Payment Technologies Market Size And Drivers:

The global mobile payment technologies market is expected to grow from $51.96 billion in 2020 to $60.42 billion in 2021 at a compound annual growth rate (CAGR) of 16.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The mobile payment technologies market is expected to reach $174.29 billion in 2025 at a CAGR of 30.3%. The initiatives taken by governments to promote a cashless economy is a major driver for the growth of the mobile payment technologies market.

Request For A Sample For The Global Mobile Payment Technologies Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2523&type=smp

Trends In The Global Mobile Payment Technologies Market

The mobile payment technologies market is governed by the Payment Services Directives (PSD2) which regulates the payment service providers throughout the European Union (EU) and European Economic Area (EEA). This regulation primarily focuses on developing a more integrated payments market in Europe and encourages non-banks to participate in this industry to enhance competition. PSD2 also ensures safer and more secured payments to increase protection of the customers and their data. Hence, this regulation is expected to further drive the mobile payment technologies market by providing smooth and efficient payment experience for both customers and payment service providers.

Global Mobile Payment Technologies Market Segments:
The global mobile payment technologies market is further segmented –
By Solutions: Point-Of Sale (POS), In-Store Payments, Remote Payments
By Application: Retail & E-Commerce, Healthcare, BFSI, Enterprise
By POS Solutions: Near-Field Communication (NFC) Payments, Sound-Wave Based Payments, Magnetic Secure Transmission (MST) Payments
By In-Store Payments Solutions: Mobile Wallets, Quick Response (QR) Code Payments
By Remote Payments: Internet Payments, SMS Payments, Direct Carrier Billing, Mobile Banking
By Geography: The global mobile payment technologies market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Mobile Payment Technologies Market At:

https://www.thebusinessresearchcompany.com/report/mobile-payment-technologies-global-market-report

Mobile Payment Technologies Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides mobile payment technologies market overviews, analyzes and forecasts market size and growth for the global mobile payment technologies market, mobile payment technologies market share, mobile payment technologies market players, mobile payment technologies market segments and geographies, mobile payment technologies market’s leading competitors’ revenues, profiles and market shares. The mobile payment technologies market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.