Global Mobile Payments Market 2023-2027

Global Mobile Payments Market 2023-2027

Technavio has been monitoring the mobile payments market and is forecast to grow by $75412.89 mn during 2022-2027, accelerating at a CAGR of 20.49% during the forecast period. Our report on the mobile payments market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising number of online transactions, rising deployment in emerging economies, and the advantages of mobile payments.

Technavio's mobile payments market is segmented as below:

By Location

  • Remote payment
  • Proximity payment
By Type
  • Money transfers
  • Merchandise purchases
  • Bill payments
  • Others
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the growing emergence of mobile apps for shopping transactions as one of the prime reasons driving the mobile payments market growth during the next few years. Also, the rise in mobile biometrics for payment and the growing demand for payment wallets will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the mobile payments market covers the following areas:
  • Mobile payments market sizing
  • Mobile payments market forecast
  • Mobile payments market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mobile payments market vendors that include Alphabet Inc., Amazon.com Inc., American Express Co., Ant Technology Group Co. Ltd., Apple Inc., JPMorgan Chase and Co., Mahindra and Mahindra Ltd., Mastercard Inc., MoneyGram International Inc., NASPERS Ltd., One97 Communications Ltd., PayPal Holdings Inc., Samsung Electronics Co. Ltd., Tencent Holdings Ltd., Visa Inc., Vodafone Group Plc, and Alibaba Group Holding Ltd. Also, the mobile payments market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Location
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global mobile payments market 2017 - 2021
      • Table Historic Market Size – Data table on global mobile payments market 2017 - 2021 ($ million)
    • Location Segment Analysis 2017 - 2021
      • Table Historic Market Size – Location Segment 2017 - 2021 ($ million)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Location
    • Market segments
      • Table Chart on Location - Market share 2022-2027 (%)
      • Table Data Table on Location - Market share 2022-2027 (%)
    • Comparison by Location
      • Table Chart on Comparison by Location
      • Table Data Table on Comparison by Location
    • Remote payment - Market size and forecast 2022-2027
      • Table Chart on Remote payment - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Remote payment - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Remote payment - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Remote payment - Year-over-year growth 2022-2027 (%)
    • Proximity payment - Market size and forecast 2022-2027
      • Table Chart on Proximity payment - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Proximity payment - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Proximity payment - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Proximity payment - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Location
      • Table Market opportunity by Location ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Money transfers - Market size and forecast 2022-2027
      • Table Chart on Money transfers - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Money transfers - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Money transfers - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Money transfers - Year-over-year growth 2022-2027 (%)
    • Merchandise purchases - Market size and forecast 2022- 2027
      • Table Chart on Merchandise purchases - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Merchandise purchases - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Merchandise purchases - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Merchandise purchases - Year-over-year growth 2022-2027 (%)
    • Bill payments - Market size and forecast 2022-2027
      • Table Chart on Bill payments - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Bill payments - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Bill payments - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Bill payments - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • India - Market size and forecast 2022-2027
      • Table Chart on India - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Table Chart on India - Year-over-year growth 2022-2027 (%)
      • Table Data Table on India - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • South Korea - Market size and forecast 2022-2027
      • Table Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Rising number of online transactions
      • Rising deployment in emerging economies
    • Market challenges
      • Privacy and security concerns
      • Lack of awareness
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Growing emergence of mobile apps for shopping transactions
      • Rise in mobile biometrics for payment
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Alibaba Group Holding Ltd
      • Table Alibaba Group Holding Ltd - Overview
      • Table Alibaba Group Holding Ltd - Business segments
      • Table Alibaba Group Holding Ltd - Key offerings
      • Table Alibaba Group Holding Ltd - Segment focus
    • Alphabet Inc.
      • Table Alphabet Inc. - Overview
      • Table Alphabet Inc. - Business segments
      • Table Alphabet Inc. - Key news
      • Table Alphabet Inc. - Key offerings
      • Table Alphabet Inc. - Segment focus
    • Amazon.com Inc.
      • Table Amazon.com Inc. - Overview
      • Table Amazon.com Inc. - Business segments
      • Table Amazon.com Inc. - Key news
      • Table Amazon.com Inc. - Key offerings
      • Table Amazon.com Inc. - Segment focus
    • American Express Co.
      • Table American Express Co. - Overview
      • Table American Express Co. - Business segments
      • Table American Express Co. - Key offerings
      • Table American Express Co. - Segment focus
    • Apple Inc.
      • Table Apple Inc. - Overview
      • Table Apple Inc. - Business segments
      • Table Apple Inc. - Key news
      • Table Apple Inc. - Key offerings
      • Table Apple Inc. - Segment focus
    • JPMorgan Chase and Co.
      • Table JPMorgan Chase and Co. - Overview
      • Table JPMorgan Chase and Co. - Business segments
      • Table JPMorgan Chase and Co. - Key offerings
      • Table JPMorgan Chase and Co. - Segment focus
    • Mastercard Inc.
      • Table Mastercard Inc. - Overview
      • Table Mastercard Inc. - Product / Service
      • Table Mastercard Inc. - Key news
      • Table Mastercard Inc. - Key offerings
    • MoneyGram International Inc.
      • Table MoneyGram International Inc. - Overview
      • Table MoneyGram International Inc. - Business segments
      • Table MoneyGram International Inc. - Key offerings
      • Table MoneyGram International Inc. - Segment focus
    • NASPERS Ltd.
      • Table NASPERS Ltd. - Overview
      • Table NASPERS Ltd. - Business segments
      • Table NASPERS Ltd. - Key offerings
      • Table NASPERS Ltd. - Segment focus
    • One97 Communications Ltd.
      • Table One97 Communications Ltd. - Overview
      • Table One97 Communications Ltd. - Product / Service
      • Table One97 Communications Ltd. - Key offerings
    • PayPal Holdings Inc.
      • Table PayPal Holdings Inc. - Overview
      • Table PayPal Holdings Inc. - Product / Service
      • Table PayPal Holdings Inc. - Key offerings
    • Samsung Electronics Co. Ltd.
      • Table Samsung Electronics Co. Ltd. - Overview
      • Table Samsung Electronics Co. Ltd. - Business segments
      • Table Samsung Electronics Co. Ltd. - Key news
      • Table Samsung Electronics Co. Ltd. - Key offerings
      • Table Samsung Electronics Co. Ltd. - Segment focus
    • Tencent Holdings Ltd.
      • Table Tencent Holdings Ltd. - Overview
      • Table Tencent Holdings Ltd. - Business segments
      • Table Tencent Holdings Ltd. - Key offerings
      • Table Tencent Holdings Ltd. - Segment focus
    • Visa Inc.
      • Table Visa Inc. - Overview
      • Table Visa Inc. - Product / Service
      • Table Visa Inc. - Key offerings
    • Vodafone Group Plc
      • Table Vodafone Group Plc - Overview
      • Table Vodafone Group Plc - Business segments
      • Table Vodafone Group Plc - Key offerings
      • Table Vodafone Group Plc - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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