LONDON, Oct. 26, 2015 /PRNewswire/ -- Overview:
The market acceptance for mobile payment is growing rapidly across the world. A growing majority of key retailers are accepting digital payments as mPayments has clearly moved beyond niche status. Many aspects of the mobile payments ecosystem are evolving including what people buy, how purchases are made, what devices are used, how purchases are funded, how merchants or producers are monetized, and even the identity of sellers and buyers. In addition, the global trend towards a "Cashless Society" is driving the need for convenient payment solutions.
There will be continued strong growth in this sector, which will benefit service providers, app developers, financial organizations, and merchants significantly as they streamline front-end processes to leverage efficiencies enabled by back-end systems. Mind Commerce estimates that the mobile payment market will grow at a CAGR of 20.4% over the next five years and eventually account for $830 billion by the end of 2020.
This research evaluates the latest mobile payments technologies, mobile wallet options, and the mobile payments ecosystem including credit card companies and other financial institutions. The report also provides in-depth market analysis, forecasting, and value chain assessment for mobile payments through 2020. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.
Mobile device vendors
Mobile network operators
Mobile Commerce Companies
Wireless infrastructure companies
Government agencies and authorities
Forecast for mobile payments from 2015 through 2020
Understand alternative payment methods and interfaces
Identify key drivers for the evolution of mobile payments
Understand the mobile payments ecosystem and key players
Recognize financial institutions and alternative players influence
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