Global Mobile Payment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Payment Type;

Proximity Payment and Remote Payment.

By Industry;

Media & Entertainment, Retail & E-commerce, BFSI, Automotive, Medical & Healthcare, Transportation, Consumer Electronics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn156954873 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Mobile Payment Market (USD Million), 2021 - 2031

In the year 2023, the Global Mobile Payment Market was valued at USD 74,386.90 million. The size of this market is expected to increase to USD 620,621.93 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 35.4%.

The global mobile payment market has experienced unprecedented growth in recent years, driven by rapid technological advancements, increasing smartphone penetration, and evolving consumer preferences. This transformative market encompasses a broad range of payment solutions, including mobile wallets, contactless payments, and in-app transactions, which offer convenience, security, and efficiency to users worldwide. The proliferation of fintech innovations, coupled with strategic partnerships between financial institutions, technology providers, and merchants, has further catalyzed the adoption of mobile payment solutions.

Pandemic has accelerated the shift towards cashless transactions, as consumers and businesses alike seek safer and more hygienic payment methods. As a result, mobile payments have become an integral part of the global economy, reshaping traditional banking and commerce practices. This dynamic market is poised for continued expansion, fueled by the rising demand for seamless digital experiences, the integration of advanced technologies such as artificial intelligence and blockchain, and the growing emphasis on financial inclusion in emerging economies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Payment Type
    2. Market Snapshot, By Industry
    3. Market Snapshot, By Region
  4. Global Mobile Payment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements

        2. Smartphone Penetration

        3. Consumer Preferences

      2. Restraints
        1. Security Concerns

        2. High Competition

        3. Infrastructure Limitations

      3. Opportunities
        1. Emerging Markets

        2. AI Integration

        3. Blockchain Adoption

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Mobile Payment Market, By Payment Type, 2021 - 2031 (USD Million)
      1. Proximity Payment

      2. Remote Payment

    2. Global Mobile Payment Market, By Industry, 2021 - 2031 (USD Million)
      1. Media & Entertainment

      2. Retail & E-commerce

      3. BFSI

      4. Automotive

      5. Medical & Healthcare

      6. Transportation

      7. Consumer Electronics

      8. Others

    3. Global Mobile Payment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Alipay.com Co., Ltd. (China)
      2. Amazon.com, Inc. (U.S.)
      3. American Express Co. (U.S.)
      4. Boku Inc. (U.S.)
      5. Google LLC (U.S.)
      6. MasterCard International Inc. (U.S.)
      7. Obopay (U.S.)
      8. Fidelity National Information Services (FIS), Inc. (U.S.)
      9. PayPal, Inc. (U.S.)
      10. Visa, Inc. (U.S.)
  7. Analyst Views
  8. Future Outlook of the Market