Mobile Payment Market Size, Share, and Growth Analysis

Global Mobile Payment Market

Mobile Payment Market Size, Share & Trends Analysis Report, By Technology (Near Field Communication, Direct Mobile Billing, Mobile Web Payment, SMS), By Payment Type (B2B, B2C, B2G), By Location (Remote, Proximity Payment), By End-Use (BFSI, Healthcare, IT & Telecom), By Region, and Segment Forecast, 2025-2032


Report ID: SQMIG45A2611 | Region: Global | Published Date: May, 2025
Pages: 191 |Tables: 124 |Figures: 77

Format - word format excel data power point presentation

Mobile Payment Market Insights

Global Mobile Payment Market size was valued at USD 72.04 billion in 2023 and is poised to grow from USD 98.12 billion in 2024 to USD 1161.84 billion by 2032, growing at a CAGR of 36.2% during the forecast period (2025-2032).

The mobile payment market is growing rapidly due to the fast rise of mobile commerce and the spreading popularity of smartphones globally. Because the number of internet users is increasing in developing parts of the world, people are buying more goods and services online. Because people are now shopping more on their mobile devices, many businesses are introducing mobile-friendly payment methods to explore new possibilities. Mobile payments are becoming more popular mainly because they are easy and fast. Many people globally are choosing to pay with their smartphones or tablets through mobile wallets and contactless systems, instead of using cash or credit cards. When COVID-19 appeared, people turned to cashless and contactless methods more, as they tried to keep themselves clean and safe. Therefore, both e-commerce operations and traditional retail shops are introducing more ways to make payments with mobile devices.

Advancements in technology are playing a major part in the mobile payment market growth. NFC technology helps move encrypted data fast and safely to point-of-sale systems which makes buying easier and enhances the customer experience. A user can simply tap their phone on an NFC-enabled reader, unlike chip-and-PIN systems where customers are required to hold their cards. In areas where cutting-edge phones or reliable internet are scarce, sound wave-based payment systems are becoming popular. Since they work with unique sound frequencies, these systems provide safe and inexpensive ways to meet the needs of underserved areas.

How Is Sound Wave Technology Revolutionizing Mobile Payments in Emerging Markets?

In some regions where high-speed internet and sophisticated smartphones are not widespread, standard mobile payment methods using NFC or QR codes may not be convenient. Here, sound wave-based payment methods are making a big difference. Because they send coded transaction data using special sound frequencies, these systems remove the requirement for internet access and top of the line equipment. Because they cost very little and are simple to use such solutions are perfect for small traders and buyers in less developed regions.

Therefore, sound wave technology helps make mobile payments available to more people, especially in markets that were feared to be difficult for digital adoption. For Instances, in July 2023, Paytm launched two technologies - Paytm Pocket and Paytm Music Soundbox that are thoughtfully designed to improve the way merchants in India accept payments. Pocket Soundbox is a device that can be carried in your pocket, giving instant notifications for financial payments, plus features like 5 days of battery, 4G service and a torch. The Music Soundbox notifies merchants about payments and also allows them to use Bluetooth to play music during their transactions.

Market snapshot - 2025-2032

Global Market Size

USD 72.04 billion

Largest Segment

Mobile App

Fastest Growth

Mobile App

Growth Rate

36.2% CAGR

Global Mobile Payment Market ($ Bn)
Country Share for North America Region (%)

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Mobile Payment Market Segments Analysis

The global mobile payment market is segmented by Technology, by Payment Type, by Location, by End Use and by Region. Based on Technology, the market is segmented into Near Field Communication, Direct Mobile Billing, Mobile Web Payment, SMS, Interactive Voice Response System, Mobile App, Others. Based on Payment Type, the market is segmented into B2B, B2C, B2G, Others. Based on Location, the market is segmented into Remote Payment, Proximity Payment. Based on End User, the market is segmented into BFSI, Healthcare, IT & Telecom, Media & Entertainment, Retail & E-commerce, Transportation, Others. Based on region, the mobile payment market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Why is Near Field Communication (NFC) leading the technology landscape of mobile payments?

Near Field Communication (NFC) dominates the technology segment due to its seamless, contactless transaction capability, offering high-speed connectivity and user convenience. Its integration into most modern smartphones and widespread adoption at point-of-sale (POS) terminals has strengthened its market hold. Additionally, increased security features like tokenization and biometric authentication have enhanced user trust, making NFC the preferred method for both retailers and consumers across developed and developing markets.

A key factor driving the growth of Near Field Communication (NFC) in the global mobile payment market is the increasing collaboration between financial institutions, smartphone manufacturers, and payment service providers to create unified, interoperable payment ecosystems. These partnerships enable broader merchant acceptance, simplified onboarding for users, and seamless integration with banking and digital wallet apps. Additionally, the global push for cashless economies and government support for digital payment infrastructures are encouraging NFC adoption, particularly in urban centers. The minimal infrastructure requirement and low transaction time further enhance its appeal in fast-paced retail environments and transit systems.

Why is Remote Payment dominating the mobile payment location segment?

Remote Payment leads this segment as it supports transactions without physical presence, essential for e-commerce and subscription-based services. It has gained traction with the rise of digital platforms, online banking, and peer-to-peer (P2P) transfer apps. Additionally, increased internet access and mobile banking usage, especially in rural and semi-urban regions, have bolstered its dominance, making it essential for cross-border and convenience-driven payments.

A pivotal factor fueling the growth of remote payment in the global mobile payment market demand is the widespread integration of digital wallets and mobile-first payment platforms into everyday consumer experiences. From food delivery apps to online education portals, remote payment systems are embedded within digital ecosystems that prioritize speed and ease of use. As consumers increasingly engage in digital interactions across multiple touchpoints, the convenience of initiating payments without location constraints has become indispensable. This behavioral shift, supported by app-driven financial services and automated billing features, positions remote payments as a core enabler of modern, frictionless commerce.

Global Mobile Payment Market Analysis By Payment Type

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Mobile Payment Market Regional Insights

How is Asia-pacific Leading Mobile Payment Market?

The Asia-Pacific dominates in mobile payment market share because its population is technology-friendly, many have smartphones and the government supports this field. Many people in China, India and South Korea are now using mobile wallets more, encouraged by brands such as Alipay, WeChat Pay and Paytm. The trend toward mobile-first transactions has been quickened by the strong fintech industry, plus rising internet shopping and little use of traditional banks. Asian-Pacific’s leadership in the mobile payment market is also supported by stricter regulations encouraging less cash and the investment in new digital systems.

China Mobile Payment Market

Mobile payment transactions in China are expanding swiftly, mainly because of the latest mobile payment guidelines added by the People’s Bank of China (PBOC) in November 2021. These latest rules define how to use and group payment collection barcodes to prevent illegal gambling and ensure safe transactions. By adopting these guidelines, users and companies gain trust in the system encourage broader participation. Furthermore, the guidelines make it possible for China to release its digital currency which will further support digital payments in the financial system. These two things, smartphone use and strong digital payment services, are supporting the steady China’s mobile payment market growth.

India Mobile Payment Market

India’s mobile payment market demand is expanding fast because of efforts by the government, new technology and shifts in people’s habits. In order to push for more digital payments, the Indian government introduced an incentive scheme worth INR 3,500 crores in 2024. Because there are many smartphones and cheaper internet access, mobile payments have become easier to use in rural communities. Many people now like to use cashless methods because they find them to be easy and safe. Moreover, the rising number of mobile payments is making traditional banking available to people who did not previously have access, bringing India to the forefront of digital payment usage globally.

Why Mobile Payment use is Increasing North America?

The North America mobile payment market demand is rapidly expanding due to increased smartphone penetration and widespread internet access. Consumers prefer the convenience and speed of contactless payments, especially post-pandemic. Key drivers include technological advancements such as NFC and biometric authentication, the rise of digital wallets like Apple Pay and Google Pay, and growing adoption among retailers for seamless checkout experiences. Additionally, strong financial infrastructure and supportive regulations encourage innovation and trust. These factors collectively fuel the growing acceptance and usage of mobile payments across both urban and suburban populations in the region.

United States Mobile Payment Market

The United States mobile payment market share is growing rapidly due to several factors. Increased smartphone ownership makes mobile payment apps widely accessible. Consumers prefer the convenience and speed of contactless payments, especially after the COVID-19 pandemic boosted demand for safer, touch-free transactions. Enhanced security features like biometrics and tokenization build trust. Widespread merchant acceptance and integration with loyalty programs encourage usage. Additionally, younger generations, who are more tech-savvy, drive adoption, while mobile wallets improve financial inclusion for underbanked populations. These combined trends contribute to the steady growth of mobile payments across the country.

Canada Mobile Payment Market

Canada's mobile payment market demand is experiencing rapid growth due to several key factors. The widespread adoption of smartphones and high-speed internet has made digital payments more accessible and convenient for Canadians. The COVID-19 pandemic accelerated the shift towards contactless payments, with 42% of Canadians believing the epidemic has permanently affected their preference for digital and contactless payments. Technological advancements, such as Near Field Communication (NFC) and biometric authentication, have enhanced the security and user experience of mobile payments. Additionally, supportive regulatory frameworks and the integration of mobile payment solutions in various sectors, including retail and e-commerce, have further fueled market expansion.

Global Mobile Payment Market By Geography
  • Largest
  • Fastest

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Mobile Payment Market Dynamics

Mobile Payment Market Drivers

Rising Smartphone Penetration and Internet Accessibility

  • The widespread adoption of smartphones and increased internet connectivity across urban and rural regions have significantly propelled the mobile payment market. As more people gain access to affordable mobile devices and reliable internet services, especially in developing countries, consumers are empowered to perform transactions digitally. This surge in smartphone penetration facilitates seamless mobile wallet usage, app-based payments, and contactless transactions, making payments faster and more convenient.

Growing Consumer Preference for Contactless and Convenient Payments

  • Consumers worldwide are increasingly favoring contactless payment methods for their speed, ease, and safety. Mobile payments offer an intuitive, quick alternative to cash or card transactions, allowing users to pay with a tap or scan using their smartphones or wearable devices. The COVID-19 pandemic accelerated this behavioral shift, as hygiene concerns and social distancing measures motivated individuals and businesses to adopt cashless options. Moreover, mobile payments integrate seamlessly with loyalty programs and digital wallets, enhancing user experience. This rising preference for secure, frictionless payment options is a critical driver fueling the rapid expansion of the mobile payment market globally.

Mobile Payment Market Restraints

Security and Privacy Concerns Restraints the Market Growth

  • Despite the convenience of mobile payments, widespread concerns about data security and privacy remain a major restraint on market growth. Frequent reports of data breaches, hacking, and identity theft have made many consumers wary of sharing sensitive financial information via mobile platforms. This mistrust slows adoption rates, especially among older demographics and users in regions with limited cybersecurity awareness. Additionally, regulatory scrutiny and compliance requirements add complexity for service providers.

Limited Infrastructure and Digital Literacy in Emerging Markets

  • In many developing countries, inadequate digital infrastructure and low levels of digital literacy restrict the growth of the mobile payment market. Poor internet connectivity, lack of affordable smartphones, and limited access to banking services create barriers for widespread adoption. Moreover, a significant portion of the population may lack the technical skills or confidence needed to use mobile payment applications effectively. These challenges limit the reach of mobile payment solutions to urban or tech-savvy populations, slowing down penetration in rural and underserved regions. Addressing these gaps is essential for unlocking the market’s full potential.

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Mobile Payment Market Competitive Landscape

The mobile payment market is highly competitive, with major players offering diverse features. PayPal leads with its global reach and strong online presence, favored for secure peer-to-peer and merchant payments. Apple Pay excels in seamless integration within the Apple ecosystem, offering robust security via Face ID and Touch ID. Google Pay provides versatility across Android devices, focusing on convenience and broad merchant acceptance. Samsung Pay stands out with its MST technology, allowing compatibility with traditional card readers, enhancing usability. Alipay, dominant in Asia, emphasizes a vast user base and extensive lifestyle services, aiming for global expansion. Each player leverages unique strengths to capture market share.

Top Players Company Profiles in Mobile Payment Market

  • PayPal
  • Apple Pay
  • Google Pay
  • Samsung Pay
  • Alipay
  • WeChat Pay
  • Amazon Pay
  • Paytm
  • Square, Inc.
  • Visa Inc.
  • Mastercard
  • Stripe
  • Zelle
  • Venmo
  • Huawei Pay
  • Xiaomi Pay
  • M-Pesa
  • KakaoPay
  • LG Pay
  • American Express

Recent Developments in Mobile Payment Market

  • In August 2024, New Zealand-based payment technology firm Windcave partnered with Alipay+ to offer seamless mobile payment solutions across Australia and New Zealand. This collaboration aims to equip local merchants with the ability to accept payments from international travelers, particularly those from parts of Asia and Europe, enhancing cross-border commerce and improving the customer payment experience.
  • In May 2024, Buy Now, Pay Later (BNPL) services, enabling consumers to split payments into installments, are increasingly being integrated with mobile wallets. This trend responds to rising consumer demand for flexible and convenient payment options, making it easier for users to manage purchases and budgets directly through their mobile payment platforms.
  • In 2023, Visa partnered with PayPal and Venmo to launch Visa+, a service designed to enable fast, secure money transfers across different person-to-person (P2P) digital payment apps. This initiative aims to enhance interoperability between platforms, making it easier for users to send and receive funds regardless of the app they use.

Mobile Payment Key Market Trends

Mobile Payment Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the expanding m-commerce business and the increased global smartphone penetration can be linked to market growth. Increased access to the internet for purchasing products online is likely to drive market growth during the forecast period. Businesses all around the world are making payment methods mobile-friendly, resulting in market development potential. Mobile payment solutions are increasingly targeting emerging markets where traditional banking infrastructure may be limited. These solutions provide financial inclusion by allowing individuals to access digital payment services, even without a traditional bank account.

Report Metric Details
Market size value in 2023 USD 72.04 billion
Market size value in 2032 USD 1161.84 billion
Growth Rate 36.2%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Near Field Communication
    • Direct Mobile Billing
    • Mobile Web Payment
    • SMS
    • Interactive Voice Response System
    • Mobile App
    • others
  • Payment Type
    • B2B
    • B2C
    • B2G
    • Others
  • Location
    • Remote Payment
    • Proximity Payment
  • End-Use
    • BFSI
    • Healthcare
    • IT & Telecom
    • Media & Entertainment
    • Retail & E-commerce
    • Transportation
    • Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • PayPal
  • Apple Pay
  • Google Pay
  • Samsung Pay
  • Alipay
  • WeChat Pay
  • Amazon Pay
  • Paytm
  • Square, Inc.
  • Visa Inc.
  • Mastercard
  • Stripe
  • Zelle
  • Venmo
  • Huawei Pay
  • Xiaomi Pay
  • M-Pesa
  • KakaoPay
  • LG Pay
  • American Express
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Mobile Payment Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Mobile Payment Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Mobile Payment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Payment Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Payment Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Mobile Payment Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Mobile Payment Market size was valued at USD 72.04 billion in 2023 and is poised to grow from USD 98.12 billion in 2024 to USD 1161.84 billion by 2032, growing at a CAGR of 36.2% during the forecast period (2025-2032).

PayPal, Apple Pay, Google Pay, Samsung Pay, Alipay, WeChat Pay, Amazon Pay, Paytm, Square, Inc., Visa Inc., Mastercard, Stripe, Zelle, Venmo, Huawei Pay, Xiaomi Pay, M-Pesa, KakaoPay, LG Pay, American Express

Key drivers of the mobile payment market include rising smartphone and internet access, and growing consumer demand for fast, contactless, and convenient payments.

Mobile payment trends include rising contactless and QR payments, AI/ML integration, wearable tech adoption, and long-term growth via blockchain and sector expansion.

Asia-Pacific leads the mobile payment market due to high smartphone use, strong fintech growth, supportive regulations, and widespread adoption of mobile wallets.

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Global Mobile Payment Market
Mobile Payment Market

Report ID: SQMIG45A2611

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