Report ID: SQMIG40B2001
Mobile Payment Market Size, Share, Growth Analysis, By Technology, By Payment Type, By Location, By End-use, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG40B2001 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
125 |
Figures:
77
Mobile Payment Market Regional Insights
Asia Pacific dominated the market in 2022 with a share of revenue of more than 34.0% and will continue so during the forecast period. Changing lifestyles, recent online shopping behaviors, and higher smartphone penetration are likely to boost regional market expansion during the projection period. The growing efforts by governments in the Asia-Pacific region to go cashless are projected to provide new opportunities for the regional business. The growing use of mobile devices in emerging markets presents a fresh potential for fintech entrepreneurs and banks to provide mobile financial services to underserved & unbanked people in rural areas.
North America is expected to grow significantly during the predicted period. It is referred to by the fact of numerous prominent market participants. The region was also an early adopter of cutting-edge technologies. The growing number of unattended stores in the US is also driving up the adoption of mobile payments. The expansion of the e-commerce business is mostly to blame for the widespread use of mobile payment methods in North America.
Mobile Payment Market Report Snapshots
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