DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Mobile Payment Methods: Second Half 2016" report to their offering.
Mobile payments currently account for a one-digit share of total consumer card payments, but are predicted to more than double their share by 2021. This is one of the forecasts cited in this report. Another revelation is that remote mobile payments in the form of M-Commerce and app commerce contribute most of the mobile payment volume in regions such as Europe and North America, leaving proximity mobile payments only a small share of the total. Nevertheless, in-store contactless payments with mobile phones and wearables are projected to show strong double-digit growth within the next few years.
One of the key factors that could contribute to a greater usage of mobile payments is diminishing consumers' security concerns. Even in countries with high levels of mobile technology adoption, such as South Korea, fear of information leakage and safety concern is the top reason for not using mobile financial services. Another example is Canada, where close to two-thirds of Internet users said they would be more likely to use mobile wallets if they knew the payment mode was secure.
The consumer sentiment towards mobile wallets and other mobile payment methods varies worldwide. While over 50% of banked consumers in Latin America showed interest in mobile payments, shoppers across multiple European countries demonstrated high awareness of innovative payment options, but not many of them utilize this technology. In a cross-country comparison, several emerging markets ranked above advanced economies both in current and potential usage of mobile wallets by smartphone owners.
Key Questions Answered
- What was the global mobile payment market size in 2016?
- How fast are contactless mobile payments predicted to grow?
- What payment methods are used by global shoppers the most when buying from a mobile device?
- How large is the gap between awareness and usage of mobile payments in selected countries?
- Which providers do consumers trust the most for offering mobile payment methods?
Key Topics Covered:
1. Management Summary
2. Global Developments
3. Asia-Pacific
4. Europe
5. North America
6. Latin America
7. Middle East and Africa
Companies Mentioned
- Airtel Money
- Alipay Ltd.
- Amazon.inc
- Android Inc.
- Apple Inc.
- Axis Bank Ltd.
- BBVA Walle
- Bic Camera Inc.
- BillSAFE GmbH
- Braspag Ltda.
- Car2go
- Flipkart
- Google Inc.
- Google Wallet
- HDFC Bank Ltd.
- MasterCard Inc.
- maxiPago SA
- McDonald's Corp.
- Mercedes Corp.
- MobilePay Ltd.
- Oxigen Wallet
- PagSeguro Ltda.
- Pingit
- Popmoney
- Populus Inc.
- PwC
- Rakuten Edy Inc.
- Samsung Pay Inc.
- SBI Inc.
- Shopclues
- Snapdeal
- Square Cash
- Venmo Inc.
- Visa Inc.
- Worldpay Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/k775h9/global_mobile
