Mobile Payment Transaction Market Report Forecast to 2027

Mobile Payment Technology Market is projected to grow up to USD 7781.06 billion by 2027 growing at a CAGR of 30.7% during the forecasting period 2021-2027. 

Mobile payments are the digitalized type of transferring money and play the role of a cashless medium for daily transactions in the modern world. The technological advancements in making payments in a digital way considered as the greater potential of the market. The users make on-the-spot payments using their smartphones. The advanced technology is grabbing everyone’s attention and fulfills the enormous demand for cashless payments, which results in the increase in the mobile payments market demand. Based on the mobile payments market analysis, the continuous innovations and developments in technology are the most prominent driving force of the market growth.

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The Mobile Payment Technology Market report has been categorized as below

By Technology 

• Near Field Communication

• Direct Mobile Billing

• Mobile Web Payment

• SMS

• Interactive Voice Response System

• Mobile App

• Others

By Payment Type 

• B2B

• B2C

• B2G

• Others

By Location 

• Remote Payment

• Proximity Payment

By End-use 

• BFSI

• Healthcare

• IT & Telecom

• Media & Entertainment

• Retail & E-commerce

• Transportation

• Others

By Region

• North America

• Europe

• Asia Pacific

• Rest of the World

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