Over the past few year, factors such as Upsurging Demand due to Increasing Inclination towards E-commerce have contributed to the development of the Global Consumer Mobile Payments market.

Undoubtedly, The rapid growth in online retailing is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Consumer Mobile Payments market is expected to make a significant contribution, with an estimated market to reach USD4690.65 Billion by 2030 growing at a CAGR of 27.1%.

AMA research has engaged in the competitive assessment of China & Global Consumer Mobile Payments Players for 5 years. “The Top 10 Competitive Players in the Consumer Mobile Payments in 2023” clearly displays the competitive situations of main Consumer Mobile Payments 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 Type of Mobile Pay, such as Mobile Wallet/Bank Cards, is boosting the Consumer 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.

With the multiple advantages of technology, cost and service, many major Players such as Google LLC (United States), Samsung Group (South Korea), Amazon.com Inc. (United States), Apple Inc. (United States), PayPal Inc. (United States), MasterCard PLC (United States), Visa Inc. (United States), American Express Co. (United States), Mahindra ComViva (India) and Orange SA (France) 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 Consumer Mobile Payments industry. It is understood that currently domestic Consumer Mobile Payments players has been massively used by players in North America.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.

Currently, two directives apply to the area of mobile payments. Directive 2007/64/EC on payment services in the internal market establishes a harmonized legal framework for payment services throughout the single market; Directive 2009/110/EC covers the taking up, pursuit and prudential supervision of the business of electronic money institutions., After the publication of its Green Paper 'Towards an integrated European market for card, internet and mobile payments' in 2012, the European Commission proposed in 2013 a revision of the current legislation in force, namely with the proposal for a Directive on payment services in the internal market and amending Directives 2002/65/EC, 2013/36/EU, and 2009/110/EC and repealing Directive 2007/64/EC. On and 5 May 2015, the agreement was reached in trialogue negotiations between the Commission, the European Parliament, and the Council, and formal adoption of the proposal is expected later this year.

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