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.
Highlights
The global Consumer Mobile Payments market was valued at US$ 1480890 million in 2022 and is anticipated to reach US$ 6331970 million by 2029, witnessing a CAGR of 27.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Consumer Mobile Payments, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Consumer Mobile Payments.
The Consumer Mobile Payments market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Consumer Mobile Payments market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Consumer Mobile Payments companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
ACI Worldwide
Alphabet
Samsung Electronics
DH
Fidelity National Information Services
Fiserv
Jack Henry & Associates
MasterCard
PayPal Holdings
Square
Visa
Apple
Segment by Type
Remote
Proximity
Segment by Application
Retail
Hospitality & Tourism
IT & Telecommunication
BFSI
Media & Entertainment
Healthcare
Airline
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Consumer Mobile Payments companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global Consumer Mobile Payments Âé¶¹Ô´´ Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Remote
1.2.3 Proximity
1.3 Âé¶¹Ô´´ by Application
1.3.1 Global Consumer Mobile Payments Âé¶¹Ô´´ Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Retail
1.3.3 Hospitality & Tourism
1.3.4 IT & Telecommunication
1.3.5 BFSI
1.3.6 Media & Entertainment
1.3.7 Healthcare
1.3.8 Airline
1.3.9 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Consumer Mobile Payments Âé¶¹Ô´´ Perspective (2018-2029)
2.2 Consumer Mobile Payments Growth Trends by Region
2.2.1 Global Consumer Mobile Payments Âé¶¹Ô´´ Size by Region: 2018 VS 2022 VS 2029
2.2.2 Consumer Mobile Payments Historic Âé¶¹Ô´´ Size by Region (2018-2023)
2.2.3 Consumer Mobile Payments Forecasted Âé¶¹Ô´´ Size by Region (2024-2029)
2.3 Consumer Mobile Payments Âé¶¹Ô´´ Dynamics
2.3.1 Consumer Mobile Payments Industry Trends
2.3.2 Consumer Mobile Payments Âé¶¹Ô´´ Drivers
2.3.3 Consumer Mobile Payments Âé¶¹Ô´´ Challenges
2.3.4 Consumer Mobile Payments Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top Consumer Mobile Payments Players by Revenue
3.1.1 Global Top Consumer Mobile Payments Players by Revenue (2018-2023)
3.1.2 Global Consumer Mobile Payments Revenue Âé¶¹Ô´´ Share by Players (2018-2023)
3.2 Global Consumer Mobile Payments Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Consumer Mobile Payments Revenue
3.4 Global Consumer Mobile Payments Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global Consumer Mobile Payments Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Consumer Mobile Payments Revenue in 2022
3.5 Consumer Mobile Payments Key Players Head office and Area Served
3.6 Key Players Consumer Mobile Payments Product Solution and Service
3.7 Date of Enter into Consumer Mobile Payments Âé¶¹Ô´´
3.8 Mergers & Acquisitions, Expansion Plans
4 Consumer Mobile Payments Breakdown Data by Type
4.1 Global Consumer Mobile Payments Historic Âé¶¹Ô´´ Size by Type (2018-2023)
4.2 Global Consumer Mobile Payments Forecasted Âé¶¹Ô´´ Size by Type (2024-2029)
5 Consumer Mobile Payments Breakdown Data by Application
5.1 Global Consumer Mobile Payments Historic Âé¶¹Ô´´ Size by Application (2018-2023)
5.2 Global Consumer Mobile Payments Forecasted Âé¶¹Ô´´ Size by Application (2024-2029)
6 North America
6.1 North America Consumer Mobile Payments Âé¶¹Ô´´ Size (2018-2029)
6.2 North America Consumer Mobile Payments Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Consumer Mobile Payments Âé¶¹Ô´´ Size by Country (2018-2023)
6.4 North America Consumer Mobile Payments Âé¶¹Ô´´ Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Consumer Mobile Payments Âé¶¹Ô´´ Size (2018-2029)
7.2 Europe Consumer Mobile Payments Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Consumer Mobile Payments Âé¶¹Ô´´ Size by Country (2018-2023)
7.4 Europe Consumer Mobile Payments Âé¶¹Ô´´ Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Consumer Mobile Payments Âé¶¹Ô´´ Size (2018-2029)
8.2 Asia-Pacific Consumer Mobile Payments Âé¶¹Ô´´ Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Consumer Mobile Payments Âé¶¹Ô´´ Size by Region (2018-2023)
8.4 Asia-Pacific Consumer Mobile Payments Âé¶¹Ô´´ Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Consumer Mobile Payments Âé¶¹Ô´´ Size (2018-2029)
9.2 Latin America Consumer Mobile Payments Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Consumer Mobile Payments Âé¶¹Ô´´ Size by Country (2018-2023)
9.4 Latin America Consumer Mobile Payments Âé¶¹Ô´´ Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Consumer Mobile Payments Âé¶¹Ô´´ Size (2018-2029)
10.2 Middle East & Africa Consumer Mobile Payments Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Consumer Mobile Payments Âé¶¹Ô´´ Size by Country (2018-2023)
10.4 Middle East & Africa Consumer Mobile Payments Âé¶¹Ô´´ Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ACI Worldwide
11.1.1 ACI Worldwide Company Detail
11.1.2 ACI Worldwide Business Overview
11.1.3 ACI Worldwide Consumer Mobile Payments Introduction
11.1.4 ACI Worldwide Revenue in Consumer Mobile Payments Business (2018-2023)
11.1.5 ACI Worldwide Recent Development
11.2 Alphabet
11.2.1 Alphabet Company Detail
11.2.2 Alphabet Business Overview
11.2.3 Alphabet Consumer Mobile Payments Introduction
11.2.4 Alphabet Revenue in Consumer Mobile Payments Business (2018-2023)
11.2.5 Alphabet Recent Development
11.3 Samsung Electronics
11.3.1 Samsung Electronics Company Detail
11.3.2 Samsung Electronics Business Overview
11.3.3 Samsung Electronics Consumer Mobile Payments Introduction
11.3.4 Samsung Electronics Revenue in Consumer Mobile Payments Business (2018-2023)
11.3.5 Samsung Electronics Recent Development
11.4 DH
11.4.1 DH Company Detail
11.4.2 DH Business Overview
11.4.3 DH Consumer Mobile Payments Introduction
11.4.4 DH Revenue in Consumer Mobile Payments Business (2018-2023)
11.4.5 DH Recent Development
11.5 Fidelity National Information Services
11.5.1 Fidelity National Information Services Company Detail
11.5.2 Fidelity National Information Services Business Overview
11.5.3 Fidelity National Information Services Consumer Mobile Payments Introduction
11.5.4 Fidelity National Information Services Revenue in Consumer Mobile Payments Business (2018-2023)
11.5.5 Fidelity National Information Services Recent Development
11.6 Fiserv
11.6.1 Fiserv Company Detail
11.6.2 Fiserv Business Overview
11.6.3 Fiserv Consumer Mobile Payments Introduction
11.6.4 Fiserv Revenue in Consumer Mobile Payments Business (2018-2023)
11.6.5 Fiserv Recent Development
11.7 Jack Henry & Associates
11.7.1 Jack Henry & Associates Company Detail
11.7.2 Jack Henry & Associates Business Overview
11.7.3 Jack Henry & Associates Consumer Mobile Payments Introduction
11.7.4 Jack Henry & Associates Revenue in Consumer Mobile Payments Business (2018-2023)
11.7.5 Jack Henry & Associates Recent Development
11.8 MasterCard
11.8.1 MasterCard Company Detail
11.8.2 MasterCard Business Overview
11.8.3 MasterCard Consumer Mobile Payments Introduction
11.8.4 MasterCard Revenue in Consumer Mobile Payments Business (2018-2023)
11.8.5 MasterCard Recent Development
11.9 PayPal Holdings
11.9.1 PayPal Holdings Company Detail
11.9.2 PayPal Holdings Business Overview
11.9.3 PayPal Holdings Consumer Mobile Payments Introduction
11.9.4 PayPal Holdings Revenue in Consumer Mobile Payments Business (2018-2023)
11.9.5 PayPal Holdings Recent Development
11.10 Square
11.10.1 Square Company Detail
11.10.2 Square Business Overview
11.10.3 Square Consumer Mobile Payments Introduction
11.10.4 Square Revenue in Consumer Mobile Payments Business (2018-2023)
11.10.5 Square Recent Development
11.11 Visa
11.11.1 Visa Company Detail
11.11.2 Visa Business Overview
11.11.3 Visa Consumer Mobile Payments Introduction
11.11.4 Visa Revenue in Consumer Mobile Payments Business (2018-2023)
11.11.5 Visa Recent Development
11.12 Apple
11.12.1 Apple Company Detail
11.12.2 Apple Business Overview
11.12.3 Apple Consumer Mobile Payments Introduction
11.12.4 Apple Revenue in Consumer Mobile Payments Business (2018-2023)
11.12.5 Apple Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
ACI Worldwide
Alphabet
Samsung Electronics
DH
Fidelity National Information Services
Fiserv
Jack Henry & Associates
MasterCard
PayPal Holdings
Square
Visa
Apple
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*If Applicable.