Mobile Payment Technology Market
On the other hand, rising cases of fraud and online thefts are the main reason hampering the growth of the global mobile payment technology market. In addition to this, unawareness among the people is also one of the significant reasons that are restraining the growth of the global market. Furthermore, lack of job opportunities is also one of the reasons that are decreasing the growth of the global mobile payment technology market. Furthermore, the hefty cost of transportation is hindering the growth of the global market. High charge of payment gateways is also decreasing the growth of the global market to some extent.
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Global Mobile Payment Technology Market: Segmentation
Based on operating modes, the global mobile payment technology market is mainly classified as reader emulation, card emulation, and peer-to-peer modes.
On the basis of products and software, the global market is segmented into auxiliary and nonauxiliary.
Based on industry, the global market for mobile payment technology is segmented into transportation, retail, residential & commercial, automotive, consumer electronics, medical & healthcare, and others.
On the basis of the region, the global market is bifurcated as North America, South America, Latin America, Europe, Asia-Pacific, and Rest of the World.