The Business Research Company’s Mobile Payment Technologies Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The mobile payment technologies market consist 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.
The initiatives taken by governments to promote a cashless economy is a major driver for the growth of the mobile payment technologies industry. A cashless economy is the one in which financial transactions are not done with banknotes or physical currency but via digital modes of payment. In this regard, government across the world along with the central banks are taking several initiatives to move towards a cashless economy, which ultimately leads to the growth of the mobile payment technologies market. According to a study conducted by MasterCard in 2019, the UAE has one of the fastest changing payment ecosystems because of a strong government leadership to promote electronic payments. For example, in May 2019, the Dubai Department of Finance launched a new digital payment wallet which is specially designed to pay government fees. This digital payment wallet facilitates smooth transfer of funds and promotes mobile payment technologies.
Mobile Payment Technologies Market Segmentation
Mobile Payment Technologies Market By Solutions:
- Point-of sale (PoS)
- In-store payments
- Remote payments
Mobile Payment Technologies Market By Application:
- Retail & E-Commerce
Mobile Payment Technologies Market By PoS Solutions:
- Near-field communication (NFC) payments
- Sound-wave based payments
- Magnetic secure transmission (MST) payments
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Table Of Content:
- Executive Summary
- Mobile Payment Technologies Market Characteristics
- Mobile Payment Technologies Market Size And Growth
- Mobile Payment Technologies Market Segmentation
- Mobile Payment Technologies Market Regional And Country Analysis
- Asia-Pacific Mobile Payment Technologies Market
- China Mobile Payment Technologies Market
- Key Mergers And Acquisitions In The Mobile Payment Technologies Market
- Mobile Payment Technologies Market Trends And Strategies
- Mobile Payment Technologies Market Future Outlook and Potential Analysis
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Some of the major key players involved in the Mobile Payment Technologies Market are
North America was the largest region in the mobile payment technologies market in 2018, followed by Asia Pacific.
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