The article cited AMA's Global Mobile Payments Market Study explored substantial growth with CAGR of 23.6%. According the report, Increasing Collaboration with Payment Networks and Mobile Operators to Enhance Mobile Payment Solutions is one of the primary growth factors for the market. The Growth in the Number of Smartphones and Internet Users Worldwide is also expected to contribute significantly to the Mobile Payments market. Overall, Retail applications of Mobile Payments, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Apple (United States), Google (United States), PayPal (United States), Mastercard (United States), One97 Communications (Paytm) (India), Bharti Airtel (India), Vodafone (United Kingdom), Orange S.A. (France), Samsung Pay (South Korea), Verifone (United States), Square, Inc. (United States) and Alipay (China) may see astonishing sales in this Market and certainly improve revenue growth.

The Nature of Payment Type, such as Person to Person, is boosting the Mobile Payments 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 Payment Mode, such as NFC/Smart card, is boosting the Mobile Payments 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 Location of Payments, such as Remote payments, is boosting the Mobile Payments market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Mobile Payments market identified that the demand is rising in many different parts of the world as "Numerous Government Encouraging Banks to Build Digital Infrastructure to Enable Safe and Secure Mobile Payments ". Furthermore, some recent industry insights like "In September 2023, The National Payments Corporation of India (NPCI) launched new products including Credit Line on UPI, UPI LITE X, and Tap & Pay, Hello! which allow for voice-enabled UPI payments." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Awareness and Low Adoption of Mobile Payment Technology and Diversified Regulations and Policies Present Across Regions"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Mobile Payments market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Mobile Payments market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Mobile Payments market tight?
• Which application/end-user category or Product Type [Mobile wallet/Bank cards and Mobile money] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Mobile Payments market and other related sub-markets covered in the study.

o Key & emerging players in the Mobile Payments market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Mobile Payments market size is calculated using market estimation process, the Mobile Payments 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 Mobile Payments market size has been validated using both top-down and bottom-up approaches.