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Global Mobile Payment Market – Analysis and Applications (Mobile Payment Solution, Ticketing, Booking, Bill Payment, Mobile Wallet, Digital Wallet, Micropayments, Air Time Buying, Global Share, Geographical Market, Size, Industry Analysis, Security Threat

Global Mobile Payment Market – Analysis and Applications (Mobile Payment Solution, Ticketing, Booking, Bill Payment, Mobile Wallet, Digital Wallet, Micropayments, Air Time Buying, Global Share, Geographical Market, Size, Industry Analysis, Security Threat, Trends, Opportunities, Growth And Forecast, 2014 - 2020

Mobile payments refer to payment services operated under financial regulation and performed from or via a mobile device. Instead using cash, cheque, or credit cards, a consumer for a financial transaction, can use a mobile phone to pay for a wide range of services and digital or hard goods or to transfer money. The key components of this market involve first and foremost, the banks. Their increased role in advancing technological accessibility of customers is evident in the form of mobile banking. Telecom companies are another prominent component of this market. Telecom companies provide mobile payment services in collaboration with banks and payment companies. Mobile payment platform providers are driving the innovations in this field. Regulatory bodies make the third component and are crucial to face the oversight challenges in protecting consumers and the payment system.

There are numerous market drivers involved like the rigidity of banks and other inefficiencies in their services, exponential growth of mobile phone users in the world, increasing share of smartphones in the mobile phone market, micropayments, transfers involving more than one currency, growth of e-commerce and its cost effectiveness, etc. Loyalty programs and coupons/ discounts are big motivators which are usually accessed where mobile payments are concerned.

Financial institutions and payment companies are in the early days of being able to connect with consumers across all parts of their financial life. Technological advancements such as faster internet speeds, increased computing powers and the worldwide spread of smartphones have allowed more aspects of financial services to go mobile. The increased sophistication and fast consumer uptake of mobile banking apps aid the possibility of mobile payments becoming a mainstream payment option.

Challenges faced

Businesses need to be concerned about the cost of developing unique payment solutions for each mobile device. Developing smartphone apps for each mobile-operating system is prohibitively expensive for most companies. At the customer end, it is considered a tedious process, either due to unfamiliarity with mobile technologies or because of the already existing attractive alternatives. Mobile payments also face competition from simple PC/laptop payments which are more attractive for some compared to the small screens of mobile phones. Not all vendors has this technology accessible to them mostly due to the initial expensive investment factor thus again proving as an inconvenient method of payment for some.

Market worldwide

Emerging countries: Africa currently holds the top place for mobile payment usage worldwide, encompassing more than 50 percent of all global mobile money services. Over half of cell phone users regularly make mobile payments in Kenya and Uganda. Mobile is dominantly used as a retail shopping channel in the Asia Pacific region with a higher adoption than North America or Western Europe, the Asian market accounted for about 40% in M-Payments in 2013.

This report profiles the major mobile payment platforms, namely Paypal, Google pay, Apple pay, M-Pesa, Airtel Money, Square, IZettle, Alipay, GCash, WyWallet, MCash, Klarna and Boku, and focuses on the current market trends from 2014 and forecasts market growth and trends stretching up to 2020. This report will be focusing on the components, market structure, drivers of growth and key areas of potential where mobile payments are concerned, highlighting the various challenges, while analyzing the trends of a wide geographical region. The report touches on the various technologies and the analyzes their success and failure. It is a “must have” document for any player interested in the aggressively growing mobile payment market.

Please note: The delivery time for the electronic version of this report is between 1-3 business days to allow the preparation of an updated version prior to dispatch.


Mobile payment markets growing with a CAGR of 35%

Mobile payment is the purchase of a product/service using a Mobile phone or Money transfer from a mobile device to another mobile device. In Mobile payments the goods or services purchased may be physical, or virtual. Mobile payments use mobile phone as a payment method rather than an alternative channel to send payment instructions. A Mobile payment can be made in person, example: at the checkout counter in a retail store, or remotely, using mobile internet or cellular network infrastructure. Mobile payments do not include mobile financial services, such as mobile banking. Mobile payments is different from Mobile banking in which payments has been made by Mobile web browser or Mobile banking App, and is simply an extension of online functionality from the personal computer to a mobile phone. The global mobile payment market is growing at a CAGR of 35% between 2014-2020

There are numerous market drivers involved like the rigidity of banks and other inefficiencies in their services, exponential growth of mobile phone users in the world, increasing share of smartphones in the mobile phone market, micropayments, transfers involving more than one currency, growth of e-commerce and its cost effectiveness, etc. Loyalty programs and coupons/ discounts are big motivators which are usually accessed where mobile payments are concerned.

The report has extensive geographical and regulation coverage of several emerging and developed markets in depth. It also does a company analysis of 14 key mobile payment companies

Application analysis of Mobile Payment Market:

Prepaid Mobile Wallet
Close loop payments
Person to Person (P2P)
Carrier Billing
Mobile Commerce (POS)

Regulatory implication in markets

Developing markets
1. India

2. China
3. Vietnam
4. Philippines
5. Kenya
6. Rwanda
7. Zimbabwe
8. Nigeria
9. Tanzania

Developed markets

1. United States of America
2. United Kingdom
3. Sweden
4. Finland
5. Norway
6. Sweden
7. Germany
8. Australia
9. Japan
10. South Korea

Vendor Profiles

1. PayPal
2. Google Pay
3. Apple Pay
4. M-Pesa
5. Current C
6. Airtel money
7. Square
8. IZettle
9. Alipay
10. GCash
11. WyWallet
12. PayWave
13. Boku
14. PayPass
15. China mobile
16. Union pay
17. Tenpay
18. 99Bill
19. YeePay
20. Qiandaibao
21. Dwolla
22. Banco Bilbao Vizcaya Argentaria
23. Bank of America
24. Intuit QuickBooks (Intuit Pay)
25. MPOSWestern Union
26. Obupay
27. We pay
28. Reliance Industries
29. Aditya Birla Group
30. Future group
31. Payment wall

Key Questions Answered in this Report

What will the market size be in 2020 and what will the growth rate be?
Which are the key growth geographies?
What will be the market growth from the period 2014-2020 in different countries and regions?
The CAGR of market segments by application and type
What regulations are affecting the market?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the strategies used for growth by vendors?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

About Occams Research

1. Executive Summary
2. What are Mobile payments?
3. Key Components of Market:
3.1. Banks
3.2. Telecom companies
3.3. Regulatory Bodies
3.4. Mobile Payment platform provider
4. Market Driver:
3.1.Inefficiencies in existing services like rigidity of banks
3.2. Growth of Mobile phone subscribers in the world
3.3. Advancement in technology
3.4. Small Merchants and Businesses
3.5. Increasing share of Smartphones in Mobile phone Market
3.6. Easy to use and convenient
3.7. Unbanked Population
3.8. Micropayments
3.9. Transfer in Different currencies
3.10. Growth of E-commerce
3.11. Cost Effective
4. Challenges in the Market:
4.1. Unwillingness to acquire(opt) new technology
4.2. Unclear business case
4.3. A complex matter
4.4. Lack of technological standards
4.5. No one needs it as present alternatives are attractive
5. Key Motivator in the Market:
5.1. Introduction of more user friendly technology
5.2. Convenience is priority in Mobile payment market
5.3. Limits on cash transaction in Some Countries
5.4. Entry of larger players
5.5. Government aide
6. Application analysis of Market:
6.1.Prepaid Mobile Wallet
6.2.Close loop payments
6.3.Person to Person (P2P)
6.4.Carrier Billing
6.5.Mobile Commerce (POS)
7.Strategic Analysis of Market Worldwide ($ million), 2013 to 2019:
7.1.Emerging Countries(Asia)
7.1.1. India
7.1.2. China
7.1.3. Vietnam
7.1.4. Philippines(Africa)
7.1.5. Kenya
7.1.6. Rwanda
7.1.7. Zimbabwe
7.1.3. Nigeria
7.1.9. Tanzania
7.2.Developed Countries(North America)
7.2.1.United States of America(Europe)
7.2.2.United Kingdom
7.2.3.Sweden
7.2.4.Finland
7.2.5.Norway
7.2.6.Sweden
7.2.7.Germany(Asia-Pacific)
7.2.8.Australia
7.2.9.Japan
7.2.10. South Korea
8.Vendor Profiles:
1. PayPal
2. Google Pay
3. Apple Pay
4. M-Pesa
5. Current C
6. Airtel money
7. Square
8. IZettle
9. Alipay
10. GCash
11. WyWallet
12. PayWave
13. Boku
14. PayPass
15. China mobile
16. Union pay
17. Tenpay
18. 99Bill
19. YeePay
20. Qiandaibao
21. Dwolla
22. Banco Bilbao Vizcaya Argentaria
23. Bank of America
24. Intuit QuickBooks (Intuit Pay)
25. MPOSWestern Union
26. Obupay
27. We pay
28. Reliance Industries
29. Aditya Birla Group
30. Future group
31. Payment wall
List of Tables
Global Mobile transaction volume (US $ Billion) 2013-2020
Global total value oftransactionbynon cash payments method(US$ billion) 2013-2020
Global Mobile Person to Person transfer (P2P) Total Market Size in( US$ billion) 2013-2020
Global market for Mobile Commerce in(US$ billion) 2013-2020
Global market for NFC based mobile wallet (US$ billion) 2013-2020
Mobile wallet (NFC based) market Share by geography(percentage wise)
Percentage of smartphone users among mobile phone users globally (2012-2020)
Laws related to the South Korean payment and settlement system
Safaricom Mobile tower distribution per province
Comparative Analysis of GCash and Smart Money in Philippines
Mobile subscriber and 3G/4G users in US
List of Figures
Chart no. 1 Number of Commercial Bank Branches in South East Asian Countries
Chart no. 2 Number of active mobile money services for the unbanked
Chart no. 3 Mobile subscribers in Top countries
Chart no. 4 Forecast of Smartphone sales by region (From 2013-2017)
Chart no. 5 Penetration of Commercial Bank globally
Chart no. 6 U.S.E-commerce sale as a % as compared to total retail sales
Chart no. 7 Percentage of phishing attacks by sectors
Chart no. 8 Mobile payments global product mix by value 2012
Chart no. 9 Mobile payment companies deployment by geography
Chart no. 10 Value of transactions by mobile phones as percentage of countries GDP in 2013
Chart no. 11 Mobile money market share of MNOs in Tanzania (2013)
Chart no. 12 Share of mobile network operators in Rwanda (million)
Chart no. 13 Growth of mobile phone penetration in Vietnam (till 2014)
Chart no. 14 Total number of Subscribers of Globe Telecom and Smart Telecom inPhilippines
Chart no. 15 Mobile subscribers in China till November (2012)
Chart no. 16 Number of Mobile connections in India (till 2014)
Chart no. 17 Percentage of Mobile payments users who have made payments by following methods (Tablets and Smartphone)
Chart no. 18 Credit card and Mobile phone users in France (2013)
Chart no. 19 Smartphone take up in countries comprising United Kingdom
Chart no. 20 Mobile subscribers and population of Japan

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