Mobile Payment Transaction Market to Expand Robustly as a Convenient Alternative to Paper or Plastic Money

The mobile payment is an integrated system linked by various components of value chain which typically includes the merchant, the consumer, the financial institution involved and not to forget the payment gateway and the telecom network.


Albany, NY -- (SBWIRE) -- 09/09/2015 -- Market Research Report Search Engine (MRRSE) announces the addition of a new research report to its expanding repertoire of analytical market research studies. The report, compiled by Future Market Insights and titled ' Global Mobile Payment Transaction Market Analysis and Opportunity Assessment, 2014-2020', presents detailed data about the mobile payment transaction market around the world. Historical data about the market is presented and analyzed via reliable and trusted analytical tools. Based on conclusions drawn from this analysis, market growth forecasts are presented.

The report categorizes the global mobile payment transaction market by various criteria to present a comprehensive breakdown of the market. Both historical data and growth forecasts are presented according to each segment of the mobile payment transaction market, in order to provide a more detailed and precise look into the dynamics of the global market.

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The criteria used to segment the market are application, technology, and region. Mobile payment transaction is applied in bill payment, ticketing, merchandise purchasing, and money transfer. The various technological modes of mobile payment transaction are near field communication (NFC), wireless application protocol (WAP), SMS, and unstructured supplementary service data (USSD). The global mobile payment transaction market is segmented into the regional segments of North America, Latin America, Asia Pacific, the Middle East, Western Europe, Eastern Europe, and Africa. The report describes the condition of each of the technological segments of the mobile payment transaction market in each of the geographical segments and applications.

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The report zooms in on the development of NFC technology and its growing incorporation into mobile phones as a notable trend in the global mobile payment transaction market. The market for high-end smartphones, in which NFC incorporation is now almost a given, is growing due to strengthening purchasing powers of consumers in Asia Pacific and Latin American markets, adding to the consumer base of the mobile payment transaction market. The incredible convenience offered by these payment modes, virtually eliminating the need for the traditional wallet, means that demand for them is likely to grow at a rapid pace in conjunction with the growth in the number of facilities offering mobile payment options.

The report also includes detailed coverage of the major players operating in the global mobile payment transaction market. The report elaborates upon the standing of each company in the global market by presenting a SWOT analysis of each as well as comparative market share analysis and information about the overarching business strategies of each market player and their recent actions.

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