Mobile Payment Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to mobile payment market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Mobile Payment Market News

in Mobile Payment Market
  • In August 2024, New Zealand-based payment technology firm Windcave partnered with Alipay+ to offer seamless mobile payment solutions across Australia and New Zealand. This collaboration aims to equip local merchants with the ability to accept payments from international travelers, particularly those from parts of Asia and Europe, enhancing cross-border commerce and improving the customer payment experience.
  • In May 2024, Buy Now, Pay Later (BNPL) services, enabling consumers to split payments into installments, are increasingly being integrated with mobile wallets. This trend responds to rising consumer demand for flexible and convenient payment options, making it easier for users to manage purchases and budgets directly through their mobile payment platforms.
  • In 2023, Visa partnered with PayPal and Venmo to launch Visa+, a service designed to enable fast, secure money transfers across different person-to-person (P2P) digital payment apps. This initiative aims to enhance interoperability between platforms, making it easier for users to send and receive funds regardless of the app they use.

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Global Mobile Payment Market size was valued at USD 72.04 billion in 2023 and is poised to grow from USD 98.12 billion in 2024 to USD 1161.84 billion by 2032, growing at a CAGR of 36.2% during the forecast period (2025-2032).

PayPal, Apple Pay, Google Pay, Samsung Pay, Alipay, WeChat Pay, Amazon Pay, Paytm, Square, Inc., Visa Inc., Mastercard, Stripe, Zelle, Venmo, Huawei Pay, Xiaomi Pay, M-Pesa, KakaoPay, LG Pay, American Express

Key drivers of the mobile payment market include rising smartphone and internet access, and growing consumer demand for fast, contactless, and convenient payments.

Mobile payment trends include rising contactless and QR payments, AI/ML integration, wearable tech adoption, and long-term growth via blockchain and sector expansion.

Asia-Pacific leads the mobile payment market due to high smartphone use, strong fintech growth, supportive regulations, and widespread adoption of mobile wallets.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Mobile Payment Market
Mobile Payment Market

Report ID: SQMIG45A2611

sales@skyquestt.com
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE