Market Size : Mobile Payment Market Globally Grow at a CAGR of 35.55% by Revenue During the Period 2017-2021

Mobile payments are the payments made using mobile devices such as cell phones or tablets, using mobile money or mobile wallets. Technological innovations and rapid technological advances are changing the way people connect with each other and manage their finances.

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With the advent of mobile banks, users are able to conduct monetary transactions with ease. Mobile banking is an affordable alternative to the traditional banking ways.

Technavios analysts forecast the global mobile payment market to grow at a CAGR of 35.55% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global mobile payment market for 2017-2021. To calculate the market size, the report considers mobile payment transaction values.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Mobile Payment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
FIS
Gemalto
MasterCard
PayPal
Alibaba Group
Apple
Google
Samsung Electronics

Other prominent vendors
Bharti Airtel
American Express
Bank of America
Citrus Payment Solutions
LevelUp
MobiKwik
One97 Communication
Orange
Oxigen
Square
Venmo
Visa
ZipCash Card Services

Market driver
Increasing use of mobile devices
For a full, detailed list, view our report

Market challenge
Security of mobile payment apps
For a full, detailed list, view our report

Market trend
Cloud-based mobile payment solutions
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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