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Mobile Payment Market Share

Report ID: GMI6888
Published Date: Oct 2023
Report Format: PDF

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Mobile Payment Market Share

Major players operating in the mobile payment market are:

Apple Inc.
Google LLC
Mastercard Inc.
Paypal Inc.
Samsung Group
Visa, Inc.
WeChat (Tencent Holdings Limited)

Google and Apple are dominating the mobile payment industry with a prominent market share. The mobile payment industry is intense with key players continuously innovating to offer secure, convenient, and user-friendly solutions, driving market growth and shaping industry standards.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for mobile payment was valued at USD 965.9 Billion in 2022 and is estimated to register a CAGR of over 14.5% between 2023 and 2032, backed by the exponential rise in smartphone ownership globally.

The remote payment segment held a market share of around 60% in 2022, owing to the ability to make transactions from anywhere & at any time for hassle-free financial interactions.

Asia Pacific led the global mobile payment industry with a major share of around 46% in 2022 and will continue to show growth trends, backed by the government initiatives that actively promote digital payments as part of their broader financial inclusion strategies.

Apple Inc., Google LLC, Mastercard Inc., Paypal Inc., Samsung Group, Visa, Inc., and WeChat (Tencent Holdings Limited) among others.