Mobile Payment Market will Grow at
33.40 % CAGR During 2019 – 2025
New report on: “Global Mobile Payment Market 2019-2025”. The report
provides the newest industry data and industry future trends. The industry
report lists the leading competitors and provides the insights strategic
industry Analysis of the key factors influencing the market.
Global Mobile Payment Market industry valued approximately USD 253.2 Billion in 2016 is
anticipated to grow with a healthy growth rate of more than 33.40% over the forecast period 2017-
2025.
Get Sample Copy of this Report @ https://www.businessindustryreports.com/sample-
request/103646 .
The major factors driving the growth is due to increased penetration of smartphones, growth in m-
commerce industry, change in lifestyle, and the need for quick and hassle-free transaction.
The rise in demand for easy and hassle-free purchase of goods and services results in increased
preference of consumers toward digital and cashless payments. Several global players, such as Apple
and Samsung, have designed new strategies to expand their reach and gain a larger share in the
global mobile payment market.
Further, Many governments are also encouraging banks to build infrastructure to enable safe and
secure mobile payments in rural areas, which is a massive opportunity for the vendors. Conversely,
closing the gap between the awareness and adoption of this technology is considered as a major
challenge for this industry. The partnerships between various payment networks and mobile
operators to provide mobile payment solutions in the emerging markets are expected to give a
significant boost to the industry in the near future.
Key Players:
1 Vodacom Group Limited
2 Orange SA