PUBLISHER: Grand View Research | PRODUCT CODE: 1575164
PUBLISHER: Grand View Research | PRODUCT CODE: 1575164
M-commerce Payment Market Size, Share & Trends Analysis Report By Payment Method (Mobile Web, Near-field Communication), By Transaction Type (M-retailing, M-billing), By Region, And Segment Forecasts, 2024 - 2030
M-commerce Payment Market Size & Trends:
The global M-commerce payment market size was estimated at USD 11.66 billion in 2023 and is expected to grow at a CAGR of 20.5% from 2024 to 2030. The increasing adoption of mobile devices and the growing popularity of online shopping are major factors behind the market's growth. As more consumers use smartphones and tablets to purchase, the need for secure and convenient mobile payment options has surged. The rise of mobile applications and mobile-optimized websites has made it easier for consumers to browse and buy products on the go, further fueling the market's growth.
As mobile device ownership continues to rise globally, more consumers use these devices for online shopping and financial transactions. High-speed internet connectivity and the proliferation of affordable smartphones have made it easier for people to access e-commerce platforms and payment gateways on-the-go. This trend is further driven by advancements in mobile technology, such as improved processing power and better user interfaces, which enhance the overall shopping experience. Thus, with the increasing penetration of mobile devices, the volume of M-commerce transactions is expected to increase, thereby propelling the market's growth.
Another trend driving the market's growth is integrating artificial intelligence (AI) and chatbots in mobile payment systems. These technologies enhance customer experiences by providing personalized recommendations, facilitating transactions, and offering real-time support. AI-driven analytics can help businesses understand consumer behavior and preferences, allowing for targeted marketing strategies that increase conversion rates. As more companies leverage AI and chatbots to improve their mobile payment offerings, this trend is expected to contribute to market growth.
Furthermore, innovations in mobile payment technologies are further expected to boost the market's growth. The introduction of secure and convenient payment solutions, such as digital wallets, contactless payments, and biometric authentication, has transformed how consumers conduct transactions. Technologies such as Near Field Communication (NFC), Wireless Application Protocol (WAP), and QR codes have made mobile payments faster and more secure, enhancing user convenience and reducing friction in the payment process. These advancements boost consumer confidence and encourage more frequent use of M-commerce payment methods, thereby expanding the market.
Data breaches and security concerns could hamper the growth of the market. High-profile data breaches and the risk of fraud can erode consumer trust in mobile payment systems. However, to address these concerns, businesses are prioritizing robust security measures and transparency around data protection, which, in turn, is expected to contribute to the market's growth. In addition, businesses are focusing on offering cost-effective and globally accessible payment options, optimizing mobile performance applications, and working to expand technology access in underserved regions, which is further expected to improve market growth.
Global M-commerce Payment Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global M-commerce payment market based on payment method, transaction type, and region.
- Payment Method Outlook (Revenue, USD Million, 2018 - 2030)
- Mobile Web Payments
- Near-field Communication (NFC)
- SMS/Direct Carrier Billing
- Others
- Transaction Type Outlook (Revenue, USD Million, 2018 - 2030)
- M-retailing
- M-ticketing/booking
- M-billing
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- UAE
- Kingdom of Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Restraint Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.2. PESTEL Analysis
Chapter 4. M-commerce Payment Market: Payment Method Estimates & Trend Analysis
- 4.1. Payment Method Movement Analysis & Market Share, 2023 & 2030
- 4.2. M-commerce Payment Market Estimates & Forecast, By Payment Method
- 4.2.1. Mobile Web Payments
- 4.2.2. Near-field Communication (NFC)
- 4.2.3. SMS/Direct Carrier Billing
- 4.2.4. Others
Chapter 5. M-commerce Payment Market: Transaction Type Estimates & Trend Analysis
- 5.1. Transaction Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. M-commerce Payment Market Estimates & Forecast, By Transaction Type
- 5.2.1. M-retailing
- 5.2.2. M-ticketing/booking
- 5.2.3. M-billing
- 5.2.4. Others
Chapter 6. M-commerce Payment Market: Regional Estimates & Trend Analysis
- 6.1. M-commerce Payment Market: Regional Outlook
- 6.2. North America
- 6.2.1. North America M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Germany M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.3. UK
- 6.3.3.1. UK M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.3. India
- 6.4.3.1. India M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Japan M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.5. Australia
- 6.4.5.1. Australia M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.6. South Korea
- 6.4.6.1. South Korea M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.6. MEA
- 6.6.1. MEA M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.6.2. UAE
- 6.6.2.1. UAE M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Kingdom of Saudi Arabia (KSA)
- 6.6.3.1. Kingdom of Saudi Arabia (KSA) M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. South Africa M-commerce Payment market estimates & forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Share Analysis, 2023
- 7.3. Company Heat Map Analysis
- 7.4. Strategy Mapping
- 7.4.1. Expansion
- 7.4.2. Collaborations
- 7.4.3. Mergers & Acquisitions
- 7.4.4. New Provider Launches
- 7.4.5. Partnerships
- 7.4.6. Others
- 7.5. Company Profiles
- 7.5.1. Amazon.com Inc.
- 7.5.1.1. Company Overview
- 7.5.1.2. Financial Performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Strategic Initiatives
- 7.5.2. Apple Inc.
- 7.5.2.1. Company Overview
- 7.5.2.2. Financial Performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Strategic Initiatives
- 7.5.3. Google LLC
- 7.5.3.1. Company Overview
- 7.5.3.2. Financial Performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Strategic Initiatives
- 7.5.4. ACI Worldwide, Inc.
- 7.5.4.1. Company Overview
- 7.5.4.2. Financial Performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Strategic Initiatives
- 7.5.5. Fiserv, Inc.
- 7.5.5.1. Company Overview
- 7.5.5.2. Financial Performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Strategic Initiatives
- 7.5.6. FIS
- 7.5.6.1. Company Overview
- 7.5.6.2. Financial Performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Strategic Initiatives
- 7.5.7. Mastercard
- 7.5.7.1. Company Overview
- 7.5.7.2. Financial Performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Strategic Initiatives
- 7.5.8. PayPal Holdings, Inc.
- 7.5.8.1. Company Overview
- 7.5.8.2. Financial Performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Strategic Initiatives
- 7.5.9. Visa, Inc.
- 7.5.9.1. Company Overview
- 7.5.9.2. Financial Performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Strategic Initiatives
- 7.5.10. Square, Inc.
- 7.5.10.1. Company Overview
- 7.5.10.2. Financial Performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Strategic Initiatives
- 7.5.1. Amazon.com Inc.
List of Tables
- TABLE 1 M-commerce payment market, (USD Million) 2018 - 2030
- TABLE 2 Global market estimates and forecasts, by region, 2018 - 2030 (USD Million)
- TABLE 3 Global market estimates and forecasts, by payment method, 2018 - 2030 (USD Million)
- TABLE 4 Global market estimates and forecasts, by transaction type, 2018 - 2030 (USD Million)
- TABLE 5 Mobile Web Payments market, by region, 2018 - 2030 (USD Million)
- TABLE 6 Near-field Communication (NFC) payment market, by region, 2018 - 2030 (USD Million)
- TABLE 7 SMS/Direct Carrier Billing payment market, by region, 2018 - 2030 (USD Million)
- TABLE 8 Others M-commerce payment market, by region, 2018 - 2030 (USD Million)
- TABLE 9 M-retailing payment market, by region, 2018 - 2030 (USD Million)
- TABLE 10 M-ticketing/booking payment market, by region, 2018 - 2030 (USD Million)
- TABLE 11 M-billing payment market, by region, 2018 - 2030 (USD Million)
- TABLE 12 Others M-commerce payment market, by region, 2018 - 2030 (USD Million)
- TABLE 13 North America M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 14 North America M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 15 U.S. M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 16 U.S. M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 17 Canada M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 18 Canada M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 19 Mexico M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 20 Mexico M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 21 Europe M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 22 Europe M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 23 Germany M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 24 Germany M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 25 UK M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 26 UK M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 27 France M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 28 France M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 29 Asia Pacific M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 30 Asia Pacific M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 31 China M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 32 China M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 33 India M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 34 India M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 35 Japan M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 36 Japan M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 37 Australia M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 38 Australia M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 39 South Korea M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 40 South Korea M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 41 Latin America M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 42 Latin America M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 43 Brazil M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 44 Brazil M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 45 Middle East & Africa M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 46 Middle East & Africa M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 47 UAE M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 48 UAE M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 49 Kingdom of Saudi Arabia (KSA) M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 50 Kingdom of Saudi Arabia (KSA) M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 51 South Africa M-commerce payment market, by payment method, 2018 - 2030 (USD Million)
- TABLE 52 South Africa M-commerce payment market, by transaction type, 2018 - 2030 (USD Million)
- TABLE 53 Company Market Share, 2023
- TABLE 54 Company Heat Map Analysis
- TABLE 55 Key companies undergoing expansion
- TABLE 56 Key companies undergoing collaborations
- TABLE 57 Key companies undergoing new product launch
- TABLE 58 Key companies undergoing mergers & acquisitions
- TABLE 59 Key companies undergoing other strategies
List of Figures
- Fig. 1 M-commerce Payment Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Information Analysis
- Fig. 4 Market Formulation & Data Visualization
- Fig. 5 Data Validation & Publishing
- Fig. 6 M-commerce Payment Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 M-commerce Payment Market Value, 2023 & 2030 (USD Million)
- Fig. 10 M-commerce Payment - Industry Value Chain Analysis
- Fig. 11 M-commerce Payment Market - Market Dynamics
- Fig. 12 M-commerce Payment Market: PORTER's Analysis
- Fig. 13 M-commerce Payment Market: PESTEL Analysis
- Fig. 14 M-commerce Payment Market, by Payment Method: Key Takeaways
- Fig. 15 M-commerce Payment Market, by Payment Method: Market Share, 2023 & 2030
- Fig. 16 M-commerce Payment Market, by Transaction Type: Key Takeaways
- Fig. 17 M-commerce Payment Market, by Transaction Type: Market Share, 2023 & 2030
- Fig. 18 M-commerce Payment Market, by Region, 2018 - 2030 (USD Million)
- Fig. 19 Regional Marketplace: Key Takeaways
- Fig. 20 North America M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 21 U.S. M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 22 Canada M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 23 Mexico M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 24 Europe M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 25 Germany M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 26 UK M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 27 France M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 28 Asia Pacific M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 29 China M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 30 India M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 31 Japan M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 32 Australia M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 33 South Korea M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 34 Latin America M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 35 Brazil M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 36 MEA M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 37 U.A.E. M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 38 Kingdom of Saudi Arabia M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 39 South Africa M-commerce Payment Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 40 Company Market Share Analysis, 2023
- Fig. 41 Strategic Framework
