Mobile payments are referred to the transactions that is performed through mobile device instead of paying through cash, checks, or physical credit cards.
The mobile payment market is in its maturity phase and is expected to grow at a CAGR of 33.8% during the forecast period. Increase is penetration of smartphones, growth in m-commerce industry, and rise in adoption of mobile payment in emerging economies drive the growth of the mobile payment market."

Market Analysis and Insights: Global Mobile Payments Market
The global Mobile Payments market size is projected to reach US$ 31280 million by 2027, from US$ 15870 million in 2020, at a CAGR of 9.7% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Mobile Payments market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Mobile Payments market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Mobile Payments market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Mobile Payments market.

Global Mobile Payments Scope and Market Size
Mobile Payments market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Mobile Payments market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Mobile wallet/Bank cards
Mobile money

Segment by Application
Retail
Education
Entertainment
Healthcare

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Apple
Google
PayPal
Mastercard
One97 Communications
Bharti Airtel
Vodafone
Orange
Samsung
Glance
Verifone Systems
Square
Alipay
Amazon Pay
Paytm
WeChat Pay