Mobile Payment Technologies Market: Digital Economy in Developing Nations Offer Rife Growth Opportunities

Published on : Oct 01, 2018

Albany, New York, October 1, 2018: Advances in smart technologies and smart devices are estimated to drive adoption of mobile payment systems. Further, advances in pervasive internet connectivity triggered by affordable mobile data aids adoption of mobile payment, thus favoring growth of mobile payment technologies market. A new research report titled, ‘Mobile Payment Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026’ added to the burgeoning repository of Market Research Hub (MRH) explains core developments and their reciprocal implications on overall market growth.

Notable adoption of mobile payment technologies in emerging economies and the growing fad about instant payments offer rife grounds for the growth of mobile payment technologies market. Government initiatives favoring digital economy in emerging countries has emerged as a potent growth initiator encouraging. To sustain market lead in mobile payment technologies market core market players bank upon IoT for bespoke innovations.

In the trail section of the report, readers are briefed about various segments and factors demonstrating growth in mobile payment technologies market. The report identifies type, proximity payment type, remote payment type, purchase type, and end-use as dominant segments in mobile payment technologies market. Based on type the market is diversified as proximity payment and remote payment. Proximity payment type is further sub-segmented as NFC and QR code payment. Remote payment type is also sub-segmented as SMS-based, USSD, direct operator billing, and digital wallet. Based on purchase type mobile payment technologies market is splintered as airtime transfers and top-ups, money transfers and payments, merchandise and coupons, travel and ticketing. Based on end-use, mobile payment technologies market is classified as hospitality and tourism, BFSI, media and entertainment, retail sector, healthcare, education, IT and telecom.

Asia-Pacific Likely to Retain Dominance in Mobile Payment Technologies Market

Further in the course of the report readers are briefed about geographical expanse of mobile payment technologies market, based on which the market is demarcated as Europe, Asia-Pacific, North America, South America, and Middle East and Africa. Based on thorough research postulates the report offers vital details on business tactics and tools administered by market players and their impact on end-user response.

Key Players: Mobile Payment Technologies Market

The report entails detailed analysis of various business tactics and tools implemented by market players and their eventual impact on user behavior in terms of purchase decisions. New and existing market players can carry out detailed analysis of these strategies to infer core deductions based on which lucrative business deals are implemented to harbor lead in mobile payment technologies market. Some of the leading players identified in mobile payment technologies market comprise Alphabet Inc, Microsoft, Apple, Boku, PayPal, Bharti Airtel, and Vodafone Group amongst several others.

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