Mobile Payment Transaction Market was valued at USD 1,290 Billion in 2022 and is projected to reach USD 5,800 Billion by 2030, growing at a CAGR of 20.8% from 2024 to 2030.
The global mobile payment transaction market experienced substantial growth in 2022, reaching a market size of approximately USD 1.9 trillion. This growth reflects a compound annual growth rate (CAGR) of around 22% from the previous year, highlighting the accelerating adoption of mobile payment solutions worldwide. The increasing penetration of smartphones, coupled with advancements in mobile technology and infrastructure, has significantly bolstered the demand for mobile payment services. Additionally, the shift towards a cashless economy and the growing preference for convenient payment methods have further driven the market expansion. By 2023, the market is projected to exceed USD 2.3 trillion, underscoring the robust upward trajectory and the evolving consumer preferences in the payment landscape.
Emerging markets present significant opportunities for further growth in the mobile payment transaction sector. Regions such as Southeast Asia, Latin America, and parts of Africa are witnessing rapid adoption of mobile payment technologies, driven by increasing smartphone penetration and the need for more accessible financial services. These markets, characterized by large unbanked populations and rising digital literacy, offer lucrative prospects for market players to expand their services. The growing interest in financial inclusion, coupled with supportive regulatory environments, is likely to fuel the adoption of mobile payments in these emerging regions, providing a substantial avenue for growth and innovation in the coming years.
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PayPal
GoogleWallet
MasterCard
Visa
LevelUp
Brain Tree
MoneyBokkers
Worlpay
Clinkle
Single Point
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Mobile Payment Transaction Market
Travel and Ticketing
Banking
Merchandise
Food and Beverages
Airtime
Others
Based on Types the Market is categorized into Below types that held the largest Mobile Payment Transaction market share In 2023.
Near Field Communication (NFC)
Direct
WAP
SMS
USSD
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Mobile Payment Transaction Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Mobile Payment Transaction Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Mobile Payment Transaction Market, By Type
6. Global Mobile Payment Transaction Market, By Application
7. Global Mobile Payment Transaction Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Mobile Payment Transaction Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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