Mobile Payments Market Size | Electronic Payments Market Report: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Mobile payment is an effective alternative technique for traditional payment systems where cash, cheques, or credit cards are the medium of payment. Mobile Payment conveys to customers a manner to purchase any goods or services with the support of wireless devices such as smartphones, tablets, and others. In addition, the Mobile Payment utilizes dissimilar technologies such as NFC (Near Field Communication), SMS-based transactional payments, and direct mobile billing, for enhancing the security of the transaction and delivering hassle-free transactions. The initiation and adaptability to non-cash payments have decreased the dependency on cash for doing the payments. At the end of 2018, approximately 80.0% of the money in circulation was witnessed to be non-cash. Simultaneously, the growth witnessed in cash in the movement was less than the growth in nominal GDP, representative a movement in the customer preferences to non-cash payments. The augment in the non-cash payments can be further accredited to the rising merchant reception and breakthrough innovations such as e-wallets, m-wallets, and contactless payments, which have encouraged an easy and speedy manner of doing transactions. However, Russia has been characterized at the “Converging” stage for becoming cashless in nature. It is projected that the high commissions and tariffs charged from the merchants would effortless in the coming years in the wake of employment of white label schemes throughout the industry; thereby facilitation the pain-points of merchants. Though, the Payment cards have been dominantly utilized by the people of Russia as the mode of non-cash payments. However, with the summary of e-money operators, direct bank transfer helping the contactless payments, prepaid and virtual cards and instant payments through open banking, the amount and value of transactions functioned through payment cards was monitored increasing at a decreasing rate. While around Russia unbanked populace still prevails, the requirement for credit cards by the functioning population is projected to propel the payment cards industry during the coming years. Whereas, the competition within Saudi Arabia Cards and Payments Market has been temperately concentrated, with approximately 13 banks operating under the credit cards and debit cards market. Foremost operators in the space are MasterCard, Visa and American Express. The market competition is reliant on the transaction volume and number of credit/debit cards in transmission. The entire card market of Saudi Arabia is still in its premature growth stage as nearly 80.0% still utilizes cash as the main mode of payment. A large populace remains unbanked along with fresh technical enhancement every year which makes the industry young in its nature. Additionally, the proficient increase in the penetration of smartphones around the globe and augment in the e-commerce industry in emerging countries are the foremost factors propelling the growth of the market. In addition, an upsurge in the implementation of mobile payment services around emerging countries propels the growth of the market. Furthermore, growing data breaches and security issues in Mobile Payment limits the growth of the market. Furthermore, growth in the utilization of NFC, RFID, and host card emulation technology in Mobile Payment and augment in the requirement for fast and hassle-free transaction services is projected to provide a worthwhile opportunity for the market. Therefore, in the near years, it is anticipated that the market of payments will increase around the world during the welcoming years. For More Information on the Payment Market, Click on the Below Link: – Payments Market Growth Rate Related Report: – Global Cards and Payments Market Analysis 2013-2018 and Forecast 2019-2024 Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Electronic Payments Market Report, Future of Digital Payment Market, Mobile Payments Market Size, Payment Processing Market Analysis, Payments Market Growth Rate, Payments Market Segmentation, Payments Market Share, Payments Market Size