Mobile Payment Market Size, Share, Growth Analysis, By Technology, By Payment Type, By Location, By End-use, By Region - Industry Forecast 2024-2031

Major market players are using methods such as new product releases, strategic agreements, and enhancements to products to strengthen their market position. They are also concentrating on forming strategic alliances with financial institutions in order to improve the consumer experience. For example, MoneyGram International established a relationship with Sigue, a B2B and P2P payments startup based in the United States, in April 2021. The collaboration gave Sigue clients access to MoneyGram International's new MoneyGram as a Service product line, as well as other banks that operate on the Sigue platform, access to MoneyGram International's latest API-driven payments technology.

The big players are also aggressively investing in improving their product offerings. For instance, Safari Com announced the official launch of the M Pesa bill control solution in January 2021. The service was designed primarily for schools, services, landlords, and various other organizations that collect recurring client payments. This platform focuses on giving information to customers, such as pending payments, bill payment reminders, and electronic bills when payments are made.

Top Player’s Company Profiles in Global 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

Global Mobile Payment Market