Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
REPORT: Global Mobile Payment Market 2015-2019
Mobile payment is a form of payment where an end-user can initiate a transaction using amobile device for goods and services through communication networks or technologies.Mobile payment allows consumers to use a mobile device to pay for goods and services instead of using cash, check, and credit/debit cards. It is also referred to as mobile money,mobile money transfer, and mobile wallet.
The report forecasts the global mobile payment market to grow at a CAGR of 36.26%, in terms of transaction volume, over the period 2014-2019. In terms of number of end-users, the market is expected to grow at a CAGR of 18.10% during the forecast period.
This report covers the present scenario and the growth prospects of the global mobilepayment market for the period 2015-2019. To calculate the market size, the report considers the total transaction volume sourced through mobile devices. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trendss that are emerging in the market.
The report, Global Mobile Payment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global mobile payment market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
For more information: Global Mobile Payment Market 2015-2019
Key vendors
Gemalto
Google
Mahindra Comviva
MasterCard
Orange
PayPal
Visa
Vodafone Group
Other prominent vendors
Airtel Money
Alipay
Amazon.com
American Express
Apple
Bank of America
Citrus Payment Solutions
Dwolla
First Data
LevelUp
LivQuik
MCX
Mobikwik
m-pesa
One97 Communication
Oxigen
Square
Tata Teleservices
Venmo
Y-Cash Software Solutions
ZipCash
ZipPay
Key questions answered in this report
– What will the market size be in 2019 and what will the growth rate be?
– 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 market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?
For more information: Global Mobile Payment Market 2015-2019