Over the past few year, factors such as One of the Major Trend in this market is E-commerce which Drives the M-Payment Market
have contributed to the development of the Global M-Payment market.
Undoubtedly, The quickly cumulative global economy, particularly mobile phones (smartphones) have become an essential product for an individual or personnel. Similarly, the rising consumption of the internet has also become part and parcel of life for many people. Of late this has increased the penetration of smartphones and internet users all over the world driving the growth of the M-Payment market. is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global M-Payment market is expected to make a significant contribution
AMA research has engaged in the competitive assessment of China & Global M-Payment Players for 5 years. The Top 10 Competitive Players in the M-Payment in 2023 clearly displays the competitive situations of main M-Payment Playersin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.
The Mobile Pay, such as Mobile Money, is boosting the M-Payment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Nature of Payment, such as Person to Person (P2P), is boosting the M-Payment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Devices, such as Smartphones, is boosting the M-Payment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Transaction Types, such as Near Field Communication (NFC), is boosting the M-Payment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
With the multiple advantages of technology, cost and service, many major Players such as Google (United State), Orange (France), Apple (United State), Paypal (United State), Mastercard (United State), One97 Communications (Paytm) (India), Bharti Airtel (India), VISA (United State), Amazon (United State), FIS (United State), PayOne ( Germany), PayU (The Netherland), Fiserve (United State), Airtel (India), Gemalto (Netherlands), Vodafone (United Kingdom), Alipay (China) and Samsung (South Korea) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global M-Payment industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Players wants to expand into other areas of the market value chain fundamentally determines its strategy.
According to Chineses Government, they made a regulation that most of the consumers will require all m-payment to be cleared through the PBOC, and hence, all mobile payment transactions will begin to touch the hands of the Chinese Communist Party (CCP).
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global M-Payment market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Data Triangulation The overall M-Payment market size is calculated using market estimation process, the M-Payment market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global M-Payment market size has been validated using both top-down and bottom-up approaches.