DUBLIN--(BUSINESS WIRE)--The "Mobile Payment Market by Mode of Transaction, Type of Mobile Payment, and Application - Global Opportunity Analysis and Industry Forecast, 2016-2023" report has been added to ResearchAndMarkets.com's offering.
Growth in penetration of smartphones and personal devices, such as tablets and smart watches, along with the evolving technology, has transformed an individual's way of living. The mobile payment trend has taken over traditional payment method, owing to current cashless transactions done using mobiles as a payment method. This payment method is easy and a hassle-free way to pay money virtually. Increased adoption of mobile payment in emerging economies of Asia-Pacific is expected to continue to foster growth in the mobile payment market in the coming years.
Mobile payment is used in stores and to make remote location payment via messages or mobile apps. Different types of mobile payment mediums, such as near-field communication (NFC), have been developed to provide faster money transactions. The mobile payment industry witnessed an important development when Apple announced the launch of Apple Pay, its new payment feature. This feature enables iPhone 6 and 6 plus customers to make payments at more than 200,000 retail locations in the U.S. In addition, in 2015, Starbucks Corp. launched the Mobile Order & Pay Program across the U.S. to enable customers to preorder and avoid waiting in long queues, thus boosting the market growth.
The mobile payment market is categorized by mode of transaction, type of mobile payment, application, and geography. By mode of transaction, it comprises short message service (SMS), near-field communication, and wireless application protocol (WAP). Based on the type of mobile payment, it is bifurcated into mobile wallet/bank cards and mobile money. By application, it is sub-segmented into entertainment, energy & utilities, healthcare, retail, hospitality & transportation, and others.
- Orange S.A.
- Vodacom Group Limited
- MasterCard Incorporated
- Bharti Airtel Limited
- MTN Group Limited
- Safaricom Limited
- PayPal Holdings, Inc.
- Econet Wireless Zimbabwe Limited
- Millicom International Cellular SA
- Mahindra Comviva
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Mobile Payment Market, By Mode Of Transaction
5. Mobile Payment Market, By Type Of Mobile Payment
6. Mobile Payment Market, By Application
7. Mobile Payment Market, By Geography
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/d4v9hg/global_mobile?w=4