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Global Mobile Payment Market Analysis, Applications, Trends, Opportunities, Growth And Forecast, 2014 2020

574 words - 3 pages

Mobile payment is the purchase of a product/service using a Mobile phone or Money transfer from a mobile device to another mobile device. In Mobile payments the goods or services purchased may be physical, or virtual. Mobile payments use mobile phone as a payment method rather than an alternative channel to send payment instructions. A Mobile payment can be made in person, example: at the checkout counter in a retail store, or remotely, using mobile internet or cellular network infrastructure. Mobile payments do not include mobile financial services, such as mobile banking. Mobile payments is different from Mobile banking in which payments has been made by Mobile web browser or Mobile banking App, and is simply an extension of online functionality from the personal computer to a mobile phone. The global mobile payment market is growing at a CAGR of 35% between 2014-2020
There are numerous market drivers ...view middle of the document...

India
2. China
3. Vietnam
4. Philippines
5. Kenya
6. Rwanda
7. Zimbabwe
8. Nigeria
9. Tanzania
Developed markets
1. United States of America
2. United Kingdom
3. Sweden
4. Finland
5. Norway
6. Sweden
7. Germany
8. Australia
9. Japan
10. South Korea
Vendor Profiles
1. PayPal
2. Google Pay
3. Apple Pay
4. M-Pesa
5. Current C
6. Airtel money
7. Square
8. IZettle
9. Alipay
10. GCash
11. WyWallet
12. PayWave
13. Boku
14. PayPass
Market Driver
- Increased data storage requirement at an economical cost
- For a full, detailed list, view our report.
Market Challenges
- Concerns of data security

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