The global Consumer Mobile Payments market size was valued at US$ 1104140 million in 2023. With growing demand in downstream market, the Consumer Mobile Payments is forecast to a readjusted size of US$ 6361320 million by 2030 with a CAGR of 28.4% during review period.
The research report highlights the growth potential of the global Consumer Mobile Payments market. Consumer Mobile Payments are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Consumer Mobile Payments. Âé¶¹Ô´´ players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Consumer Mobile Payments market.
E-commerce is well and truly here to stay and has revolutionized the retail industry. E-commerce has essentially transformed the world into one big global village, allowing companies to reach customers in far-flung areas. The developing world in particular is predicted to be ‘mobile-first’ or even ‘mobile-only’, and smartphone sales have already eclipsed that of traditional PCs. The comfort and convenience provided by mobile e-commerce is unparalleled and it aims to cater to the demand for niche products as well as traditional ones. Any company that chooses to ignore the mobile e-commerce movement does so at its own peril. The smartphone explosion has led to mobile wallets and contactless payments being adopted slowly but surely. Developing countries are leading the way when it comes to becoming cashless and they have taken to the mobile phone to transfer funds like no other device. A few of the factors responsible for widespread adoption of mobile payments include efficiency, cost-effectiveness, usability, transaction security and interoperability. Even though credit and debit cards currently enjoy a higher rate of usage, the advent of mobile payment Apps and other contactless payments should ensure that they become the go-to-solution for all kinds of payment needs in the future.
As retailers install new payment terminals to enable contactless payment, this will go a long way in solving logistical constraints. With the introduction of Apple Pay, Samsung Pay and Android Pay, the millennial generation is at the forefront of adopting new technology by embracing mobile payments. With this seismic shift in payment methods, it is logical to assume that even older generations will follow millennials and take to mobile payments in retail. Adopting and enabling mobile payments allows companies to invest in newer technology that is far more user-friendly and intuitive. Consumers would also be happy to use these services that would make their daily lives immeasurably easier. A smartphone is a gadget that is more of a necessity than a luxury in the 21st century and companies have not been blind to this. They are well-aware that their customers are using their mobile for anything and everything and therefore, mobile payments would be the next logical step in the journey towards a cashless economy. Mobile contactless payments are quickly becoming the new normal method to pay retailers as the need to visit an ATM to withdraw cash is eliminated.
Key Features:
The report on Consumer Mobile Payments market reflects various aspects and provide valuable insights into the industry.
Âé¶¹Ô´´ Size and Growth: The research report provide an overview of the current size and growth of the Consumer Mobile Payments market. It may include historical data, market segmentation by Type (e.g., Remote, Proximity), and regional breakdowns.
Âé¶¹Ô´´ Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Consumer Mobile Payments market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Consumer Mobile Payments market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Consumer Mobile Payments industry. This include advancements in Consumer Mobile Payments technology, Consumer Mobile Payments new entrants, Consumer Mobile Payments new investment, and other innovations that are shaping the future of Consumer Mobile Payments.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Consumer Mobile Payments market. It includes factors influencing customer ' purchasing decisions, preferences for Consumer Mobile Payments product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Consumer Mobile Payments market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Consumer Mobile Payments market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Consumer Mobile Payments market.
Âé¶¹Ô´´ Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Consumer Mobile Payments industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Consumer Mobile Payments market.
Âé¶¹Ô´´ Segmentation:
Consumer Mobile Payments market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Remote
Proximity
Segmentation by application
Retail
Hospitality & Tourism
IT & Telecommunication
BFSI
Media & Entertainment
Healthcare
Airline
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ACI Worldwide
Alphabet
Samsung Electronics
DH
Fidelity National Information Services
Fiserv
Jack Henry & Associates
MasterCard
PayPal Holdings
Square
Visa
Apple
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Âé¶¹Ô´´ Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Âé¶¹Ô´´ Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Âé¶¹Ô´´ Estimation Caveats
2 Executive Summary
2.1 World Âé¶¹Ô´´ Overview
2.1.1 Global Consumer Mobile Payments Âé¶¹Ô´´ Size 2019-2030
2.1.2 Consumer Mobile Payments Âé¶¹Ô´´ Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Consumer Mobile Payments Segment by Type
2.2.1 Remote
2.2.2 Proximity
2.3 Consumer Mobile Payments Âé¶¹Ô´´ Size by Type
2.3.1 Consumer Mobile Payments Âé¶¹Ô´´ Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Consumer Mobile Payments Âé¶¹Ô´´ Size Âé¶¹Ô´´ Share by Type (2019-2024)
2.4 Consumer Mobile Payments Segment by Application
2.4.1 Retail
2.4.2 Hospitality & Tourism
2.4.3 IT & Telecommunication
2.4.4 BFSI
2.4.5 Media & Entertainment
2.4.6 Healthcare
2.4.7 Airline
2.4.8 Others
2.5 Consumer Mobile Payments Âé¶¹Ô´´ Size by Application
2.5.1 Consumer Mobile Payments Âé¶¹Ô´´ Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Consumer Mobile Payments Âé¶¹Ô´´ Size Âé¶¹Ô´´ Share by Application (2019-2024)
3 Consumer Mobile Payments Âé¶¹Ô´´ Size by Player
3.1 Consumer Mobile Payments Âé¶¹Ô´´ Size Âé¶¹Ô´´ Share by Players
3.1.1 Global Consumer Mobile Payments Revenue by Players (2019-2024)
3.1.2 Global Consumer Mobile Payments Revenue Âé¶¹Ô´´ Share by Players (2019-2024)
3.2 Global Consumer Mobile Payments Key Players Head office and Products Offered
3.3 Âé¶¹Ô´´ Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Consumer Mobile Payments by Regions
4.1 Consumer Mobile Payments Âé¶¹Ô´´ Size by Regions (2019-2024)
4.2 Americas Consumer Mobile Payments Âé¶¹Ô´´ Size Growth (2019-2024)
4.3 APAC Consumer Mobile Payments Âé¶¹Ô´´ Size Growth (2019-2024)
4.4 Europe Consumer Mobile Payments Âé¶¹Ô´´ Size Growth (2019-2024)
4.5 Middle East & Africa Consumer Mobile Payments Âé¶¹Ô´´ Size Growth (2019-2024)
5 Americas
5.1 Americas Consumer Mobile Payments Âé¶¹Ô´´ Size by Country (2019-2024)
5.2 Americas Consumer Mobile Payments Âé¶¹Ô´´ Size by Type (2019-2024)
5.3 Americas Consumer Mobile Payments Âé¶¹Ô´´ Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Consumer Mobile Payments Âé¶¹Ô´´ Size by Region (2019-2024)
6.2 APAC Consumer Mobile Payments Âé¶¹Ô´´ Size by Type (2019-2024)
6.3 APAC Consumer Mobile Payments Âé¶¹Ô´´ Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Consumer Mobile Payments by Country (2019-2024)
7.2 Europe Consumer Mobile Payments Âé¶¹Ô´´ Size by Type (2019-2024)
7.3 Europe Consumer Mobile Payments Âé¶¹Ô´´ Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Consumer Mobile Payments by Region (2019-2024)
8.2 Middle East & Africa Consumer Mobile Payments Âé¶¹Ô´´ Size by Type (2019-2024)
8.3 Middle East & Africa Consumer Mobile Payments Âé¶¹Ô´´ Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Âé¶¹Ô´´ Drivers, Challenges and Trends
9.1 Âé¶¹Ô´´ Drivers & Growth Opportunities
9.2 Âé¶¹Ô´´ Challenges & Risks
9.3 Industry Trends
10 Global Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.1 Global Consumer Mobile Payments Forecast by Regions (2025-2030)
10.1.1 Global Consumer Mobile Payments Forecast by Regions (2025-2030)
10.1.2 Americas Consumer Mobile Payments Forecast
10.1.3 APAC Consumer Mobile Payments Forecast
10.1.4 Europe Consumer Mobile Payments Forecast
10.1.5 Middle East & Africa Consumer Mobile Payments Forecast
10.2 Americas Consumer Mobile Payments Forecast by Country (2025-2030)
10.2.1 United States Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.2.2 Canada Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.2.3 Mexico Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.2.4 Brazil Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.3 APAC Consumer Mobile Payments Forecast by Region (2025-2030)
10.3.1 China Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.3.2 Japan Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.3.3 Korea Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.3.4 Southeast Asia Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.3.5 India Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.3.6 Australia Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.4 Europe Consumer Mobile Payments Forecast by Country (2025-2030)
10.4.1 Germany Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.4.2 France Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.4.3 UK Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.4.4 Italy Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.4.5 Russia Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.5 Middle East & Africa Consumer Mobile Payments Forecast by Region (2025-2030)
10.5.1 Egypt Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.5.2 South Africa Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.5.3 Israel Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.5.4 Turkey Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.5.5 GCC Countries Consumer Mobile Payments Âé¶¹Ô´´ Forecast
10.6 Global Consumer Mobile Payments Forecast by Type (2025-2030)
10.7 Global Consumer Mobile Payments Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 ACI Worldwide
11.1.1 ACI Worldwide Company Information
11.1.2 ACI Worldwide Consumer Mobile Payments Product Offered
11.1.3 ACI Worldwide Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.1.4 ACI Worldwide Main Business Overview
11.1.5 ACI Worldwide Latest Developments
11.2 Alphabet
11.2.1 Alphabet Company Information
11.2.2 Alphabet Consumer Mobile Payments Product Offered
11.2.3 Alphabet Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.2.4 Alphabet Main Business Overview
11.2.5 Alphabet Latest Developments
11.3 Samsung Electronics
11.3.1 Samsung Electronics Company Information
11.3.2 Samsung Electronics Consumer Mobile Payments Product Offered
11.3.3 Samsung Electronics Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.3.4 Samsung Electronics Main Business Overview
11.3.5 Samsung Electronics Latest Developments
11.4 DH
11.4.1 DH Company Information
11.4.2 DH Consumer Mobile Payments Product Offered
11.4.3 DH Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.4.4 DH Main Business Overview
11.4.5 DH Latest Developments
11.5 Fidelity National Information Services
11.5.1 Fidelity National Information Services Company Information
11.5.2 Fidelity National Information Services Consumer Mobile Payments Product Offered
11.5.3 Fidelity National Information Services Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.5.4 Fidelity National Information Services Main Business Overview
11.5.5 Fidelity National Information Services Latest Developments
11.6 Fiserv
11.6.1 Fiserv Company Information
11.6.2 Fiserv Consumer Mobile Payments Product Offered
11.6.3 Fiserv Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.6.4 Fiserv Main Business Overview
11.6.5 Fiserv Latest Developments
11.7 Jack Henry & Associates
11.7.1 Jack Henry & Associates Company Information
11.7.2 Jack Henry & Associates Consumer Mobile Payments Product Offered
11.7.3 Jack Henry & Associates Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.7.4 Jack Henry & Associates Main Business Overview
11.7.5 Jack Henry & Associates Latest Developments
11.8 MasterCard
11.8.1 MasterCard Company Information
11.8.2 MasterCard Consumer Mobile Payments Product Offered
11.8.3 MasterCard Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.8.4 MasterCard Main Business Overview
11.8.5 MasterCard Latest Developments
11.9 PayPal Holdings
11.9.1 PayPal Holdings Company Information
11.9.2 PayPal Holdings Consumer Mobile Payments Product Offered
11.9.3 PayPal Holdings Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.9.4 PayPal Holdings Main Business Overview
11.9.5 PayPal Holdings Latest Developments
11.10 Square
11.10.1 Square Company Information
11.10.2 Square Consumer Mobile Payments Product Offered
11.10.3 Square Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.10.4 Square Main Business Overview
11.10.5 Square Latest Developments
11.11 Visa
11.11.1 Visa Company Information
11.11.2 Visa Consumer Mobile Payments Product Offered
11.11.3 Visa Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.11.4 Visa Main Business Overview
11.11.5 Visa Latest Developments
11.12 Apple
11.12.1 Apple Company Information
11.12.2 Apple Consumer Mobile Payments Product Offered
11.12.3 Apple Consumer Mobile Payments Revenue, Gross Margin and Âé¶¹Ô´´ Share (2019-2024)
11.12.4 Apple Main Business Overview
11.12.5 Apple Latest Developments
12 Research Findings and Conclusion
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