Financial Inclusion Dependent Upon Mobile Payments MarketPosted by industryarc on August 7th, 2019 According to the latest business intelligence report by IndustryARC on Mobile Payments market, the ongoing trend of financial inclusion has led the market size towards staggering .21 billion in 2018. As quoted by the analyst “With smartphones impacting consumer’s lifestyle from communication to entertainment, it is undertaking the financial inclusion process via mobile payments.” And, with several types of transactions such as Direct, WAP, SMS and USSD, equipping the consumers with desired and preferred options, the opportunities in the market are progressing with a global CAGR of 29.85% during the forecast period 2019-2025. This research study examines the current mobile payments market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an overall picture of the market. The analysis presents in-depth information regarding the industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been thoroughly covered to offer stakeholders a better understanding of the key factors affecting the overall market environment. The report is titled “Mobile Payments Market: By Transaction Types (Direct, WAP, SMS and USSD); By Applications (Travel & Ticketing, Banking and Others); By Geography – Forecast (2019 - 2025).” Mobile Banking - The new front of BFSI North America leveraging its existing IT infrastructure, and unparalleled growth of e-commerce platform. It is the most lucrative region for the market with a share of 34.18% in global demand in 2018. With majority of key players in North America such as PayPal and Microsoft, this region leads the innovative front with trial of novel technologies such as contactless payments and near filed communication. View Full Table Of Content Of Mobile Payments Market https://www.industryarc.com/Report/42/Mobile-Payments-Market.html Mobile Payments Market Growth Drivers and Trends: The number of smartphone users across the globe is witnessing an unprecedented growth. According to GSMA (Global System for Mobile Communications), there will 700 million new mobile subscribers by 2025. With brands like Xiomi and Samsung penetrating the budget-segment devices, high number of consumers are opting for smartphones with mobile payments compatibility. E-commerce market globally is disrupted by the advent of m-commerce (mobile commerce). It is a major factor impelling the growth of mobile payments market share as it is exclusively reliant on mobile phones for digital transactions. M-commerce is reducing the cash transaction by providing various offers and discounts to customers opting for mobile payments. The trend of sanctioning loans from international financial institutions for ‘financial inclusion’ in developing economies is a disruptive trend for mobile payments market, as it provides funding for financial institutions to leverage novel innovation and adopt modern infrastructure. For instance, Pakistan Financial Inclusion and Infrastructure Project received an assistance of 0m by two World Bank institutions - Development and the International Development Association and International Bank for the Reconstruction. Mobile Payments Market - Competitive Landscape Talk to one of our sales representative about the full report by providing your details in the link below: Media Contact:
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