California Consumer Privacy Act (CCPA) is passing a law for the protection of data in the United States which will be effective by January 2020. It is expected to be the country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance. European Union laws (GDPR) is taking important measures to protect data privacy and is expected to impact ~4% of global annual sales

According to 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. Development of The Internet And The Arrival Of E-Commerce is also expected to contribute significantly to the Mobile Payment Transaction market. Overall, In-Store Payment applications of Mobile Payment Transaction, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Mode of Transaction, such as NFC/Smart card, is boosting the Mobile Payment Transaction 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 Type, such as Person to Person, is boosting the Mobile Payment Transaction 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 Industry Vertical, such as Retail, is boosting the Mobile Payment Transaction 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 Mobile Payment Systems, such as Mobile Payment at the POS, is boosting the Mobile Payment Transaction 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 Payment Transaction 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 ".

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 Mobile Payment Transaction 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.

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 Payment Transaction market and other related sub-markets covered in the study.

o Key & emerging players in the 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 Payment Transaction market size is calculated using market estimation process, the Mobile Payment Transaction 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 Payment Transaction market size has been validated using both top-down and bottom-up approaches.