Global Market Study on Mobile Payment Transactions: Booming e-Commerce Sector to Drive Market Growth

Mobile Payment Transaction Market Segmented By Mobile payment transaction service, Mobile Payment Technology, E-payment

NEW YORK CITY, NEW YORK , UNITED STATES, February 23, 2023 /EINPresswire.com/ -- The Mobile Payment Transaction Market is expected to grow from its 2022 estimate of US$ 43.31 billion to US$ 736.79 billion by the end of 2033. The Global Mobile Payment Transactions Market is expected to be 𝐰𝐨𝐫𝐭𝐡 𝐔𝐒$𝟓𝟓.𝟑𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in 2023. The market for mobile payment transactions is expected to grow between 2023 and 2033 at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟐𝟗.𝟓%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.persistencemarketresearch.com/samples/12937

Due to the continued consumer shift away from traditional payment methods and towards digital alternatives, the market for mobile payment transactions has experienced tremendous growth in recent years. Several causes, such as the rising use of smartphones, the ubiquitous accessibility of mobile internet connectivity, and the growing practicality of mobile payments, have contributed to this increase. These days, customers can use their cellphones to buy goods and services both online and at physical businesses.

The increasing use of contactless payments is one of the major trends in the industry for mobile payment transactions. Instead of inserting a card or entering a PIN, this kind of payment requires touching a smartphone or other mobile device against a terminal. Traditional payment methods are being replaced by contactless payments because they are perceived as being more secure and convenient. Several banks and financial institutions are now providing mobile payment services, while major technology companies like Apple, Google, and Samsung have all built their own contactless payment platforms.

The growing use of mobile wallets is another trend in the market for mobile payment transactions. A mobile wallet is a digital rendition of a conventional wallet that enables users to centrally store information about their payment cards as well as other items like loyalty cards and coupons. Because they provide a more practical and safe means to make payments and also allow users to manage their accounts and keep tabs on their spending, mobile wallets are becoming more and more popular. Additionally, a lot of mobile wallets are increasingly being combined with other services, like ride-hailing apps, to provide customers an all-in-one option.

𝐅𝐨𝐫 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐁𝐮𝐲 𝐍𝐨𝐰 @ https://www.persistencemarketresearch.com/checkout/12937

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Key competitors featured in the global Mobile Payment Transaction Service market report include:
• Paypal
• MasterCard
• Google Wallet
• LevelUp
• Braintree
• Visa
• MoneyBookers
• WorldPay
• CLINKLE
• SinglePoint
• Venmo

The mobile payment transaction market has been rapidly growing in recent years, driven by the increasing adoption of smartphones and the convenience they offer for making payments. This market includes various types of transactions, such as mobile wallet payments, QR code payments, and mobile banking transfers. With the rise of contactless payments and the COVID-19 pandemic accelerating the trend towards cashless transactions, the mobile payment transaction market is expected to continue its growth trajectory in the coming years. Key players in this market include mobile payment service providers, financial institutions, and technology companies, who are constantly innovating to improve the security and ease of use of mobile payments. As the mobile payment transaction market evolves, it has the potential to transform the way we pay for goods and services, making transactions faster, more secure, and more convenient than ever before.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.persistencemarketresearch.com/request-customization/12937

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐌𝐨𝐛𝐢𝐥𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• 𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 - ( SMS, WAP/ WEB, USSD, NFC )

• 𝐁𝐲 𝐏𝐮𝐫𝐩𝐨𝐬𝐞 - ( Merchandise, Money Transfer, Bill Payment, Ticketing, Other)

• 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧 - ( North America, Latin America, Europe, East Asia, South Asia Pacific, Middle East and Africa)

𝐓𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐁𝐲 𝐏𝐌𝐑

Mobile Ticketing Market

Mobile Analytics Market

4g Lte Devices Market - https://www.persistencemarketresearch.com/market-research/4g-lte-devices-market.asp

Refurbished And Used Mobile Phones Market - https://www.persistencemarketresearch.com/market-research/refurbished-and-used-mobile-phones-market.asp

Mobile And Handheld Gaming Market - https://www.persistencemarketresearch.com/market-research/mobile-and-handheld-gaming-market.asp

Procure to Pay P2P Solutions Market - https://www.persistencemarketresearch.com/market-research/procure-to-pay-p2p-solutions-market.asp

About us:

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

Contact us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com

Atul Singh
PMR
+ + +1 646-568-7751
email us here
Visit us on social media:
Twitter
LinkedIn