New Year and Chrismas Offer
M-commerce Payment Market

M-commerce Payment Market Size, Share & Segmentation by Payment Method (Mobile Web Payments, Near-field Communication, SMS/Direct Carrier Billing, Others), by Transaction Type (M-retailing, M-ticketing, M-billing, Others), by Application (Personal, 18 to 30 Year, 31 to 54 Year, 55 to 73 Year, Business), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1584 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The M-commerce Payment market size was valued at USD 9.66 Bn in 2021 and is expected to reach USD 39.54 Bn by 2028, and grow at a CAGR of 22.2% over the forecast period 2022-2028.

The m-commerce payment industry is made up of businesses (organizations, single traders, and partnerships) that buy and sell products and services online using smartphones and tablets. M-commerce payments relate to the usage of mobile phones and tablets to execute online transactions for any online product or service purchase. M-commerce payments are advantageous since they reduce time and effort for the user.

M-commerce Payment Market

Near field communication, premium SMS, wireless application protocol, and direct carrier billing are the most common payment mechanisms in the m-commerce business. Near-field communication (NFC) is a wireless technology that improves the performance of smartphones, tablets, wearables, credit cards, and other devices across short distances. NFC technology, which is utilized in mobile wallets, allows for contactless payments. Mobile retailing, mobile booking or tickets, mobile banking, and mobile billing are examples of m-Commerce transactions utilized by end-use sectors such as retail, hospitality and tourism, IT and communications, BFSI, media and entertainment, healthcare, and airlines.

According to Bloomberg, Apple paid $100 million for the Canadian start-up Mobeewave in July 2020. Merchants may take card payments with only a tap on the customer's iPhone thanks to Mobeewave's award-winning, patented technology. Customers that have the Mobeewave app on their iPhone may make cashless payments as well. According to Crunchbase, Mobeewave provides users with "a real wallet experience...enabling in-person consumer-to-consumer transactions, between strangers as well as friends and family, in a safe, trustworthy, and open environment.

MARKET DYNAMICS:

KEY DRIVERS:

  • M-commerce payments are becoming more popular for online buying and banking. Payment.

  • Convenience and reduced transaction time.

RESTRAINTS:

  • Data breaches are becoming more common.

  • Payment gateways are more expensive and tend to be used in certain locations.

  • There's a problem with the application and the network, plus there's a lot of competition.

OPPORTUNITY

  • The number of advances and activities relating to digitalized payments is rapidly increasing.

IMPACT OF COVID-19:

The COVID-19 pandemic has had a considerable influence on the m-commerce payment sector, leading to a rise in consumer use and adoption of online and digitalized payment methods throughout the world. Consumers are becoming more accustomed with payment technologies in the market, which is driving significant development in the m-commerce payments sector. Furthermore, banks and fintech companies are offering m-commerce payment solutions to their consumers all over the world in order to speed up transaction times and improve the market for digitalized payments. As a result, amid the global health crisis, this has become one of the primary development causes for the m-commerce payment sector.

MARKET ESTIMATION:

During the period 2022-28, the M-Retail segment is expected to develop at the fastest rate. M-Retailing, M-ticketing, M-Billing, and Others are the four transaction types that make up global M-commerce payment. As a consequence of the spread of mobile payment solutions such as Apple Pay, PayPal One-Tap, Visa Checkout, Amazon Pay, and others, the M-Retailing category held the greatest market share in 2021. On the other hand, consumer demand for online shopping and widespread usage of smartphones for online shopping is projected to create chances for M-commerce Payment enterprises, accelerating market growth.

M-commerce on a global scale Near Field Communication, Premium SMS, Wireless Application Protocol, and Direct Carrier Billing is the payment methods. The Near Field Communication category is expected to grow at the quickest rate throughout the forecast period. Apple Pay, Samsung Pay, and Google Pay are just a few of the digital wallets that employ NFC for contactless card readers, which is predicted to boost the mobile commerce payment sector. NFC phones may connect with NFC-enabled card machines via near proximity radio frequency recognition. Cell phones do not need to touch the point of sale to pass money, but they must be within a few inches of it. NFC needs a direct and instantaneous flow of encrypted data to point-of-sale devices, as opposed to chip and PIN technology, which takes longer to process. Buses and tube stations in London, for example, accept phone payments using NFC, which is normally done by touching the transit card.

KEY MARKET SEGMENTS:

On The Basis of Payment Method

  • Mobile Web Payments

  • Near-field Communication

  • SMS/Direct Carrier Billing

  • Others

On The Basis of Transaction Type

  • M-retailing

  • M-ticketing

  • M-billing

  • Others

On The Basis of Application

  • Personal

  • 18 to 30 Year

  • 31 to 54 Year

  • 55 to 73 Year

  • Business

M-commerce Payment Market

REGIONAL ANALYSIS:

M-commerce on a global scale in terms of revenue, Asia Pacific held the greatest market share in the year 2021. Consumers in growing economies such as China and India have greater purchasing power and disposable money, allowing them to purchase more items and thereby expanding the market. North America has played a key role in creating M-commerce as a vital component of day-to-day commercial transactions. An expanding client base for mobile commerce, the rising popularity of portable devices, and the spread of technology are all aspects that contribute to market growth in the European area.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are ACI Worldwide, Inc., Alphabet Inc. (Google), Apple Inc., FIS, Fiserv, Inc., Ingenico, Mastercard, PayPal Holdings, Inc., Square, Inc., Visa, Inc.

M-commerce Payment Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 9.66 Bn
Market Size by 2028  US$ 39.54 Bn
CAGR   CAGR of 22.2% From 2022 to 2028
Base Year  2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Payment Method (Mobile Web Payments, Near-field Communication, SMS/Direct Carrier Billing, Others)
• by Transaction Type (M-retailing, M-ticketing, M-billing, Others), by Application (Personal, 18 to 30 Year, 31 to 54 Year, 55 to 73 Year, Business)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles ACI Worldwide, Inc., Alphabet Inc. (Google), Apple Inc., FIS, Fiserv, Inc., Ingenico, Mastercard, PayPal Holdings, Inc., Square, Inc., Visa, Inc.
Key Drivers • M-commerce payments are becoming more popular for online buying and banking. Payment
• Convenience and reduced transaction time
Market Opportunities • The number of advances and activities relating to digitalized payments is rapidly increasing

 


Frequently Asked Questions (FAQ) :

Ans: - The M-commerce Payment market size was valued at USD9.66 Bn in 2021.

Ans: - Data breaches are becoming more common and Payment gateways are more expensive and tend to be used in certain locations.

Ans: - Asia Pacific held the greatest market share in the year 2021.

Ans: - The major key players are ACI Worldwide, Inc., Alphabet Inc. (Google), Apple Inc., FIS, Fiserv, Inc., Ingenico, Mastercard, PayPal Holdings, Inc., Square, Inc., Visa, Inc.

Ans. The study includes a comprehensive analysis of Speech-to-text API Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Ukraine- Russia crisis 

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. M-commerce Payment Market Segmentation, by Payment Method

8.1 Mobile Web Payments

8.2 Near-field Communication

8.3 SMS/Direct Carrier Billing

8.4 Others

 

9. M-commerce Payment Market Segmentation, by Transaction Type

9.1 M-retailing

9.2 M-ticketing

9.3 M-billing

9.4 Others

 

10. M-commerce Payment Market Segmentation, by Application

10.1 Personal

10.2 18 To 30 Year

10.3 31 To 54 Year

10.4 55 To 73 Year

10.5 Business

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profiles

12.1 ACI Worldwide, Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Alphabet Inc. (Google)

12.3 Apple Inc.

12.4 FIS

12.5 Fiserv, Inc.

12.6 Ingenico

12.7 Mastercard

12.8 PayPal Holdings, Inc.

12.9 Square, Inc.

12.10 Visa, Inc.

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.