This report on consumer mobile payments market provides in depth analysis of mobile payments industry magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage, by services, type, application, technologies, emerging trends and challenges to 2025.
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This report Consumer Mobile Payments Market studies all the characteristic of the present and forthcoming industry growth information which is climacteric for all new participants well as the leading market participant during 2019-2025, across the globe.
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E-commerce is well and truly here to stay and has revolutionized the retail industry. E-commerce has essentially transformed the world into one big global village, allowing companies to reach customers in far-flung areas. The developing world in particular is predicted to be ‘mobile-first’ or even ‘mobile-only’, and smartphone sales have already eclipsed that of traditional PCs. The comfort and convenience provided by mobile e-commerce is unparalleled and it aims to cater to the demand for niche products as well as traditional ones. Any company that chooses to ignore the mobile e-commerce movement does so at its own peril. The smartphone explosion has led to mobile wallets and contactless payments being adopted slowly but surely. Developing countries are leading the way when it comes to becoming cashless and they have taken to the mobile phone to transfer funds like no other device. A few of the factors responsible for widespread adoption of mobile payments include efficiency, cost-effectiveness, usability, transaction security and interoperability. Even though credit and debit cards currently enjoy a higher rate of usage, the advent of mobile payment Apps and other contactless payments should ensure that they become the go-to-solution for all kinds of payment needs in the future.
As retailers install new payment terminals to enable contactless payment, this will go a long way in solving logistical constraints. With the introduction of Apple Pay, Samsung Pay and Android Pay, the millennial generation is at the forefront of adopting new technology by embracing mobile payments. With this seismic shift in payment methods, it is logical to assume that even older generations will follow millennials and take to mobile payments in retail. Adopting and enabling mobile payments allows companies to invest in newer technology that is far more user-friendly and intuitive. Consumers would also be happy to use these services that would make their daily lives immeasurably easier. A smartphone is a gadget that is more of a necessity than a luxury in the 21st century and companies have not been blind to this. They are well-aware that their customers are using their mobile for anything and everything and therefore, mobile payments would be the next logical step in the journey towards a cashless economy. Mobile contactless payments are quickly becoming the new normal method to pay retailers as the need to visit an ATM to withdraw cash is eliminated.
In 2018, the global Consumer Mobile Payments market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
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This report focuses on the global Consumer Mobile Payments status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Consumer Mobile Payments development in United States, Europe and China.
The key players covered in this study
• ACI Worldwide
• Alphabet
• Samsung Electronics
• DH
• Fidelity National Information Services
• Fiserv
• Jack Henry & Associates
• MasterCard
• PayPal Holdings
• Square
• Visa
• Apple
Market segment by Type, the product can be split into
• Remote
• Proximity
Market segment by Application, split into
• Retail
• Hospitality & Tourism
• IT & Telecommunication
• BFSI
• Media & Entertainment
• Healthcare
• Airline
• Others
Market segment by Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America
Major Point from Table of Content:
Chapter One: Report Overview
Chapter Two: Global Growth Trends
Chapter Three: Market Share by Key Players
Chapter Four: Breakdown Data by Type and Application
Chapter Five: United States
Chapter Six: Europe
Chapter Seven: China
Chapter Eight: Japan
Chapter Nine: Southeast Asia
Chapter Ten: India
Chapter Eleven: Central & South America
Chapter Twelve: International Players Profiles
12.1 ACI Worldwide
12.2 Alphabet
12.3 Samsung Electronics
12.4 DH
12.5 Fidelity National Information Services
12.6 Fiserv
12.7 Jack Henry & Associates
12.8 MasterCard
12.9 PayPal Holdings
12.10 Square
12.11 Visa
12.12 Apple
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Source: MarketersMedia
Release ID: 479905
