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

By Mode of Payment;

Peer-To-Peer Transfer and M-commerce.

By Devices;

Smart Devices and Feature Phones.

By End-Use Industry;

Retail , Hospitality & Tourism, IT & Telecommunication, BFSI , Media & Entertainment, Healthcare , Airline and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn968663331 Published Date: January, 2025 Updated Date: February, 2025

Introduction

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

In the year 2024, the Global Remote Mobile Payment Market was valued at USD 2,519,919.16 million. The size of this market is expected to increase to USD 22,363,589.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 36.6%.

The Global Remote Mobile Payment Market encompasses the dynamic landscape of digital transactions facilitated through mobile devices across the globe. In recent years, the proliferation of smartphones and the expansion of internet accessibility have catalyzed a significant shift towards remote mobile payments. This market segment encompasses various services and technologies that enable individuals to conduct financial transactions, such as purchasing goods and services, transferring funds, and managing accounts, all through their mobile devices from anywhere in the world. The market's growth is fueled by the increasing consumer demand for convenient, secure, and efficient payment solutions, as well as the continuous innovation in mobile technology and financial services.

Key players in the Global Remote Mobile Payment Market include established financial institutions, technology companies, mobile network operators, and fintech startups. These entities offer a range of solutions, including mobile wallets, peer-to-peer payment platforms, mobile banking apps, and contactless payment technologies. With the rise of digital wallets and the integration of near-field communication (NFC) technology, consumers can securely store their payment information on their smartphones and make seamless transactions with just a tap or a swipe, eliminating the need for physical cards or cash. Moreover, the advent of biometric authentication methods, such as fingerprint and facial recognition, enhances security and further accelerates the adoption of remote mobile payments.

The Global Remote Mobile Payment Market is witnessing robust growth driven by various factors, including the increasing adoption of smartphones, the growing preference for cashless transactions, and the expanding e-commerce ecosystem. Additionally, the COVID-19 pandemic has acted as a catalyst, accelerating the shift towards digital payments as consumers seek safer and contactless alternatives to traditional payment methods. As regulatory frameworks evolve to accommodate the changing landscape of digital finance, and as technology continues to advance, the market is poised for further expansion and innovation, presenting opportunities for both incumbents and new entrants to capitalize on the growing demand for remote mobile payment solutions worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Mode of Payment
    2. Market Snapshot, By Devices
    3. Market Snapshot, By End-Use Industry
    4. Market Snapshot, By Region
  4. Global Remote Mobile Payment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technology Advancements
        2. Changing Consumer Behavior
        3. Regulatory Support
      2. Restraints
        1. Security Concerns
        2. Infrastructure Limitations
        3. Interoperability Challenges
      3. Opportunities
        1. Emerging Markets
        2. Integration with IoT
        3. Personalization and Customer Experience
    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 Remote Mobile Payment Market, By Mode of Payment, 2021 - 2031 (USD Million)
      1. Peer-To-Peer Transfer
      2. M-commerce.
    2. Global Remote Mobile Payment Market, By Devices , 2021 - 2031 (USD Million)
      1. Smart Devices
      2. Feature Phones
    3. Global Remote Mobile Payment Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Retail
      2. Hospitality & Tourism
      3. IT & Telecommunication
      4. BFSI
      5. Media & Entertainment
      6. Healthcare
      7. Airline
      8. Others
    4. Global Remote 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. Samsung Electronics Co Ltd
      2. ACI Worldwide, Inc.
      3. Alphabet Inc.
      4. DH Corporation
      5. Apple Inc.
      6. Visa Inc.
      7. Square, Inc.
      8. PayPal Holdings, Inc.
      9. Mastercard Incorporated.
      10. Fidelity National Information Services, Inc.
      11. Fiserv, Inc.
  7. Analyst Views
  8. Future Outlook of the Market