Is M-Payment Market Really a Strong Market to Invest in?

Latest released research study on M-Payment Market delivers volume and values at regional and company levels considering slowdown due to COVID across the globe. From a global perspective, the report analyzes historical data and future prospects to represent the total Global M-Payment Market size broken down by various segments (type and application) and by highest potential and emerging countries. Some of the players profiled are Google (United State), Orange (France), Apple (United State), Paypal (United State), Mastercard (United State), One97 Communications (Paytm) (India), Bharti Airtel (India), VISA (United State), Amazon (United State), FIS (United State), PayOne ( Germany), PayU (The Netherland), Fiserve (United State), Airtel (India), Gemalto (Netherlands), Vodafone (United Kingdom), Alipay (China), Samsung (South Korea).

Definition:
M-Payment is a method of money payment that is made for a product or service through a portable electronic device such as a tablet or smartphone. This technology can also be used to send money to friends or family members, by using applications such as PayPal, Google Pay, Paytm and many more. The companies are thoroughly investing in mobile payment technology, owing to significant growth in the industry. For instance, in the Indian market, Mobile payments mechanize payment systems instead of paying with cash, cheque, or credit cards. Moreover, it is observed that the digital payments market in India is currently fastened at USD 200 billion and expected to reach USD 1 trillion by 2023 and has made the market grow at its fullest speed.

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Unlock new opportunities in Global M-Payment Market; the latest release from AMA highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider gaining better insights

Global M-Payment Market Segmentation's
On the Basis of Type: Proximity Payment, Remote Payment
On the Basis of Application: Travel and Ticketing, Banking, Food and Beverages, Money transfers, Bill Payments, Airtime Transfer and Top-Ups, Merchandise and Coupons, Others
Additional Segmentation: Mobile Pay (Mobile Money, Mobile Wallet/Bank Cards), Nature of Payment (Person to Person (P2P), Person to Business (P2B), Business to Person (B2P), Business to Business (B2B)), Devices (Smartphones, Tablets, Laptops, Others), Transaction Types (Near Field Communication (NFC), Wireless Application Protocol (WAP) (Direct operator billing, Online Wallets, Credit Card), QR Code Payments, Cloud-Based Mobile Payment, Short Message Service (SMS), Others)

On the Basis of Region: North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa

Market Drivers
- The quickly cumulative global economy, particularly mobile phones (smartphones) have become an essential product for an individual or personnel. Similarly, the rising consumption of the internet has also become part and parcel of life for many people. Of late this has increased the penetration of smartphones and internet users all over the world driving the growth of the M-Payment market.

Market Trend
- One of the Major Trend in this market is E-commerce which Drives the M-Payment Market
- Increasing Adoption of Person to Person transaction (P2P)
- Growth in M-commerce Industry Globally

Opportunities
- An increasing number of omnichannel vendors present all over the world and majorly in Asia-Pacific countries, such as India and China, the scenario is expected to more boost to the M-Payment market.

Challenges
- Issue Related to the Loss of the Mobile Device Configured with Financial Details is a Credible Concern
- Lack of Awareness and Low Adoption of M-Payment Technology
- Diversified Regulations and Policies Present Across Regions

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How geography and sales fit together
This study is helpful to all operators who want to identify the exact size of their target audience at a specific geographic location. M-Payment Market allow entrepreneurs to determine local markets for business expansion. This study answers the questions below:

1. Where do the requirements come from?
2. Where do non-potential customers reside?
3. How badly spending power of the customers in a particular region is affected?

The Global M-Payment Market is a source of authoritative information:
1. Fields and Subfields of Global M-Payment Market
2. Ongoing developments and dynamics of the Global M-Payment Market
3. Offer and requirement in Global M-Payment Market
4. M-Payment Market Size & Share by Country, Type & Application
5. Existing Trends, Obstacles, and Openings
6. Competitive Viewpoint of Market
7. Technological advances in Market
8. Supply chain and leading player's analysis

According to Chineses Government, they made a regulation that most of the consumers will require all m-payment to be cleared through the PBOC, and hence, all mobile payment transactions will begin to touch the hands of the Chinese Communist Party (CCP).

Apr 2019 - Orange is engaged in the digital transformation in Africa and the Middle East, and launched its first “Orange Digital Centre” in Tunisia.

In October 2019, Airtel Africa collaborated with Mastercard to offer mobile money services across 14 African countries. The Mastercard virtual card enables Airtel Money customers without a bank account, to make payments local and global online merchants accepting Mastercard cards.

Key Questions Answered in the report:
Q 1. How much revenue the M-Payment Market is expected to make during the valuation period between 2024 and 2030?
Q 2. Which product segment is expected to lead by the end of the forecast period?
Q 3. What are the key growth strategies used by prominent players to stay competitive and fight against economic turnaround and COVID -19?
-Q 4. What are the different segments within the M-Payment Market and how are those individual segments gear up sales growth and by when?
-Q 5.What next, which areas are likely to experience growth and what opportunities exist within the M-Payment Market?

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