DUBLIN--(BUSINESS WIRE)--The "Mobile Payment Technologies Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global mobile payment technologies market to grow with a CAGR of 33.6% over the forecast period of 2018-2024.
Rapid development in the mobile payment solutions to provide better payment service to the end-users are expected to be the factor driving the growth of the mobile payment technologies market. Growing government led initiatives and increasing adoption of smart appliances are boosting the market.
Additionally, with internet available smart devices increasingly becoming common among the population, thus the adoption of immediate payment technologies through mobile applications is rising at an extraordinary way. This in turn is up surging the demand for mobile payment technologies among the consumers.
However, the major challenges in the mobile payment technology market are security. Security concerns and risk of loss of critical data using mobile wallets is restraining the adoption of mobile payment solutions. Hence, traditional payment systems continue to remain popular among the senior citizens. As over-the-air transactions occur, payment applications become exposed to hackers looking to misuse customer data.
Moreover, integration of IoT with payment applications is anticipated to provide several opportunities. In addition. Extend payment solution offerings, and develop enhanced payment technologies offers significant growth in the mobile payment technology market. For instance, FinTech leaders are developing Internet-based mobile wallets based on crypto currencies, Bitcoin.
On the other hand, fastest payment services across the world are supporting business and customers with real-time bank transfers. This in turn has increased the increased convenience of mobile technologies over the upcoming years.
Key Topics Covered
2. Executive Summary
3. Global Mobile Payment Technologies Market Overview
4. Mobile Payment Technologies Market Macro Indicator Analysis
5. Global Mobile Payment Technologies Market by Purchase Type
6. Global Mobile Payment Technologies Market by Type
7. Global Mobile Payment Technologies Market by End-use Application
8. Global Mobile Payment Technologies Market by Region 2018-2024
9. Company Profiles
- Millicom International Cellular
- Mahindra Comviva
Econet Wireless Zimbabwe
For more information about this report visit https://www.researchandmarkets.com/research/k82jsw/the_global_mobile?w=4