M-commerce Payment Market Report Scope & Overview:

The M-commerce Payment Market size was valued at USD 11.80 Bn in 2022 and is expected to reach USD 58.69 Bn by 2030, and grow at a CAGR of 22.2% over the forecast period 2023-2030.

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 Revenue Analysis

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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.



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

  • Convenience and reduced transaction time.


  • 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.


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


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.


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.


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 Segmentation Analysis

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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.


  • 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


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.& Other Players

Fiserv, Inc - Company Financial Analysis

Company Landscape Analysis

M-commerce Payment Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 11.80 Bn
Market Size by 2030  US$ 58.69 Bn
CAGR   CAGR of 22.2% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
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

Ans: - The M-commerce Payment market size was valued at USD 11.80 Bn in 2022.

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 2022.

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 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

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


11.3.2 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

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Secondary Research

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Primary Research

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Data Bank Validation

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