Global Mobile Payment Market Research Report 2023

Mobile payment (also referred to as mobile money,mobile money transfer, and mobile wallet) generally refer to payment services operated under financial regulation and performed from or via a mobile device.

The global Mobile Payment market was valued at US$ 77080 million in 2022 and is anticipated to reach US$ 184700 million by 2029, witnessing a CAGR of 15.7% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Mobile payments are an increasingly attractive way to pay because they’re secure, fast, and convenient.

This report aims to provide a comprehensive presentation of the global market for Mobile Payment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Mobile Payment.

The Mobile Payment market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Mobile Payment market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Mobile Payment companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Mobile Payment Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Near-field Communication (NFC) Payments

1.2.3 Sound Waves-based Payments

1.2.4 Magnetic Secure Transmission (MST) Payments

1.3 Market by Application

1.3.1 Global Mobile Payment Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Personal User

1.3.3 Business Users

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Mobile Payment Market Perspective (2018-2029)

2.2 Mobile Payment Growth Trends by Region

2.2.1 Global Mobile Payment Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Mobile Payment Historic Market Size by Region (2018-2023)

2.2.3 Mobile Payment Forecasted Market Size by Region (2024-2029)

2.3 Mobile Payment Market Dynamics

2.3.1 Mobile Payment Industry Trends

2.3.2 Mobile Payment Market Drivers

2.3.3 Mobile Payment Market Challenges

2.3.4 Mobile Payment Market Restraints

3.1 Global Top Mobile Payment Players by Revenue

3.1.1 Global Top Mobile Payment Players by Revenue (2018-2023)

3.1.2 Global Mobile Payment Revenue Market Share by Players (2018-2023)

3.2 Global Mobile Payment Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Mobile Payment Revenue

3.4 Global Mobile Payment Market Concentration Ratio

3.4.1 Global Mobile Payment Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Mobile Payment Revenue in 2022

3.5 Mobile Payment Key Players Head office and Area Served

3.6 Key Players Mobile Payment Product Solution and Service

3.7 Date of Enter into Mobile Payment Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Mobile Payment Historic Market Size by Type (2018-2023)

4.2 Global Mobile Payment Forecasted Market Size by Type (2024-2029)

5.1 Global Mobile Payment Historic Market Size by Application (2018-2023)

5.2 Global Mobile Payment Forecasted Market Size by Application (2024-2029)

6.1 North America Mobile Payment Market Size (2018-2029)

6.2 North America Mobile Payment Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Mobile Payment Market Size by Country (2018-2023)

6.4 North America Mobile Payment Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Mobile Payment Market Size (2018-2029)

7.2 Europe Mobile Payment Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Mobile Payment Market Size by Country (2018-2023)

7.4 Europe Mobile Payment Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Mobile Payment Market Size (2018-2029)

8.2 Asia-Pacific Mobile Payment Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Mobile Payment Market Size by Region (2018-2023)

8.4 Asia-Pacific Mobile Payment Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Mobile Payment Market Size (2018-2029)

9.2 Latin America Mobile Payment Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Mobile Payment Market Size by Country (2018-2023)

9.4 Latin America Mobile Payment Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Mobile Payment Market Size (2018-2029)

10.2 Middle East & Africa Mobile Payment Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Mobile Payment Market Size by Country (2018-2023)

10.4 Middle East & Africa Mobile Payment Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 WeChat Pay

11.1.1 WeChat Pay Company Detail

11.1.2 WeChat Pay Business Overview

11.1.3 WeChat Pay Mobile Payment Introduction

11.1.4 WeChat Pay Revenue in Mobile Payment Business (2018-2023)

11.1.5 WeChat Pay Recent Development

11.2 Alipay

11.2.1 Alipay Company Detail

11.2.2 Alipay Business Overview

11.2.3 Alipay Mobile Payment Introduction

11.2.4 Alipay Revenue in Mobile Payment Business (2018-2023)

11.2.5 Alipay Recent Development

11.3 PayPal

11.3.1 PayPal Company Detail

11.3.2 PayPal Business Overview

11.3.3 PayPal Mobile Payment Introduction

11.3.4 PayPal Revenue in Mobile Payment Business (2018-2023)

11.3.5 PayPal Recent Development

11.4 Apple Pay

11.4.1 Apple Pay Company Detail

11.4.2 Apple Pay Business Overview

11.4.3 Apple Pay Mobile Payment Introduction

11.4.4 Apple Pay Revenue in Mobile Payment Business (2018-2023)

11.4.5 Apple Pay Recent Development

11.5 WePay

11.5.1 WePay Company Detail

11.5.2 WePay Business Overview

11.5.3 WePay Mobile Payment Introduction

11.5.4 WePay Revenue in Mobile Payment Business (2018-2023)

11.5.5 WePay Recent Development

11.6 Verifone

11.6.1 Verifone Company Detail

11.6.2 Verifone Business Overview

11.6.3 Verifone Mobile Payment Introduction

11.6.4 Verifone Revenue in Mobile Payment Business (2018-2023)

11.6.5 Verifone Recent Development

11.7 Samsung Pay

11.7.1 Samsung Pay Company Detail

11.7.2 Samsung Pay Business Overview

11.7.3 Samsung Pay Mobile Payment Introduction

11.7.4 Samsung Pay Revenue in Mobile Payment Business (2018-2023)

11.7.5 Samsung Pay Recent Development

11.8 PlaySpan

11.8.1 PlaySpan Company Detail

11.8.2 PlaySpan Business Overview

11.8.3 PlaySpan Mobile Payment Introduction

11.8.4 PlaySpan Revenue in Mobile Payment Business (2018-2023)

11.8.5 PlaySpan Recent Development

11.9 PayStand

11.9.1 PayStand Company Detail

11.9.2 PayStand Business Overview

11.9.3 PayStand Mobile Payment Introduction

11.9.4 PayStand Revenue in Mobile Payment Business (2018-2023)

11.9.5 PayStand Recent Development

11.10 Payoneer

11.10.1 Payoneer Company Detail

11.10.2 Payoneer Business Overview

11.10.3 Payoneer Mobile Payment Introduction

11.10.4 Payoneer Revenue in Mobile Payment Business (2018-2023)

11.10.5 Payoneer Recent Development

11.11 Paymentwall

11.11.1 Paymentwall Company Detail

11.11.2 Paymentwall Business Overview

11.11.3 Paymentwall Mobile Payment Introduction

11.11.4 Paymentwall Revenue in Mobile Payment Business (2018-2023)

11.11.5 Paymentwall Recent Development

11.12 Heartland Payment Systems

11.12.1 Heartland Payment Systems Company Detail

11.12.2 Heartland Payment Systems Business Overview

11.12.3 Heartland Payment Systems Mobile Payment Introduction

11.12.4 Heartland Payment Systems Revenue in Mobile Payment Business (2018-2023)

11.12.5 Heartland Payment Systems Recent Development

11.13 First Data

11.13.1 First Data Company Detail

11.13.2 First Data Business Overview

11.13.3 First Data Mobile Payment Introduction

11.13.4 First Data Revenue in Mobile Payment Business (2018-2023)

11.13.5 First Data Recent Development

11.14 Amazon Pay

11.14.1 Amazon Pay Company Detail

11.14.2 Amazon Pay Business Overview

11.14.3 Amazon Pay Mobile Payment Introduction

11.14.4 Amazon Pay Revenue in Mobile Payment Business (2018-2023)

11.14.5 Amazon Pay Recent Development

11.15 Stripe

11.15.1 Stripe Company Detail

11.15.2 Stripe Business Overview

11.15.3 Stripe Mobile Payment Introduction

11.15.4 Stripe Revenue in Mobile Payment Business (2018-2023)

11.15.5 Stripe Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Mobile Payment Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Near-field Communication (NFC) Payments

    Table 3. Key Players of Sound Waves-based Payments

    Table 4. Key Players of Magnetic Secure Transmission (MST) Payments

    Table 5. Global Mobile Payment Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Mobile Payment Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Mobile Payment Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Mobile Payment Market Share by Region (2018-2023)

    Table 9. Global Mobile Payment Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Mobile Payment Market Share by Region (2024-2029)

    Table 11. Mobile Payment Market Trends

    Table 12. Mobile Payment Market Drivers

    Table 13. Mobile Payment Market Challenges

    Table 14. Mobile Payment Market Restraints

    Table 15. Global Mobile Payment Revenue by Players (2018-2023) & (US$ Million)

    Table 16. Global Mobile Payment Market Share by Players (2018-2023)

    Table 17. Global Top Mobile Payment Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Mobile Payment as of 2022)

    Table 18. Ranking of Global Top Mobile Payment Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Mobile Payment Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Mobile Payment Product Solution and Service

    Table 22. Date of Enter into Mobile Payment Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Mobile Payment Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Mobile Payment Revenue Market Share by Type (2018-2023)

    Table 26. Global Mobile Payment Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Mobile Payment Revenue Market Share by Type (2024-2029)

    Table 28. Global Mobile Payment Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Mobile Payment Revenue Market Share by Application (2018-2023)

    Table 30. Global Mobile Payment Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Mobile Payment Revenue Market Share by Application (2024-2029)

    Table 32. North America Mobile Payment Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Mobile Payment Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Mobile Payment Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Mobile Payment Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Mobile Payment Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Mobile Payment Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Mobile Payment Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Mobile Payment Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Mobile Payment Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Mobile Payment Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Mobile Payment Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Mobile Payment Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Mobile Payment Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Mobile Payment Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Mobile Payment Market Size by Country (2024-2029) & (US$ Million)

    Table 47. WeChat Pay Company Detail

    Table 48. WeChat Pay Business Overview

    Table 49. WeChat Pay Mobile Payment Product

    Table 50. WeChat Pay Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 51. WeChat Pay Recent Development

    Table 52. Alipay Company Detail

    Table 53. Alipay Business Overview

    Table 54. Alipay Mobile Payment Product

    Table 55. Alipay Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 56. Alipay Recent Development

    Table 57. PayPal Company Detail

    Table 58. PayPal Business Overview

    Table 59. PayPal Mobile Payment Product

    Table 60. PayPal Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 61. PayPal Recent Development

    Table 62. Apple Pay Company Detail

    Table 63. Apple Pay Business Overview

    Table 64. Apple Pay Mobile Payment Product

    Table 65. Apple Pay Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 66. Apple Pay Recent Development

    Table 67. WePay Company Detail

    Table 68. WePay Business Overview

    Table 69. WePay Mobile Payment Product

    Table 70. WePay Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 71. WePay Recent Development

    Table 72. Verifone Company Detail

    Table 73. Verifone Business Overview

    Table 74. Verifone Mobile Payment Product

    Table 75. Verifone Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 76. Verifone Recent Development

    Table 77. Samsung Pay Company Detail

    Table 78. Samsung Pay Business Overview

    Table 79. Samsung Pay Mobile Payment Product

    Table 80. Samsung Pay Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 81. Samsung Pay Recent Development

    Table 82. PlaySpan Company Detail

    Table 83. PlaySpan Business Overview

    Table 84. PlaySpan Mobile Payment Product

    Table 85. PlaySpan Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 86. PlaySpan Recent Development

    Table 87. PayStand Company Detail

    Table 88. PayStand Business Overview

    Table 89. PayStand Mobile Payment Product

    Table 90. PayStand Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 91. PayStand Recent Development

    Table 92. Payoneer Company Detail

    Table 93. Payoneer Business Overview

    Table 94. Payoneer Mobile Payment Product

    Table 95. Payoneer Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 96. Payoneer Recent Development

    Table 97. Paymentwall Company Detail

    Table 98. Paymentwall Business Overview

    Table 99. Paymentwall Mobile Payment Product

    Table 100. Paymentwall Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 101. Paymentwall Recent Development

    Table 102. Heartland Payment Systems Company Detail

    Table 103. Heartland Payment Systems Business Overview

    Table 104. Heartland Payment Systems Mobile Payment Product

    Table 105. Heartland Payment Systems Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 106. Heartland Payment Systems Recent Development

    Table 107. First Data Company Detail

    Table 108. First Data Business Overview

    Table 109. First Data Mobile Payment Product

    Table 110. First Data Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 111. First Data Recent Development

    Table 112. Amazon Pay Company Detail

    Table 113. Amazon Pay Business Overview

    Table 114. Amazon Pay Mobile Payment Product

    Table 115. Amazon Pay Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 116. Amazon Pay Recent Development

    Table 117. Stripe Company Detail

    Table 118. Stripe Business Overview

    Table 119. Stripe Mobile Payment Product

    Table 120. Stripe Revenue in Mobile Payment Business (2018-2023) & (US$ Million)

    Table 121. Stripe Recent Development

    Table 122. Research Programs/Design for This Report

    Table 123. Key Data Information from Secondary Sources

    Table 124. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Mobile Payment Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Mobile Payment Market Share by Type: 2022 VS 2029

    Figure 3. Near-field Communication (NFC) Payments Features

    Figure 4. Sound Waves-based Payments Features

    Figure 5. Magnetic Secure Transmission (MST) Payments Features

    Figure 6. Global Mobile Payment Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Mobile Payment Market Share by Application: 2022 VS 2029

    Figure 8. Personal User Case Studies

    Figure 9. Business Users Case Studies

    Figure 10. Mobile Payment Report Years Considered

    Figure 11. Global Mobile Payment Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 12. Global Mobile Payment Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 13. Global Mobile Payment Market Share by Region: 2022 VS 2029

    Figure 14. Global Mobile Payment Market Share by Players in 2022

    Figure 15. Global Top Mobile Payment Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Mobile Payment as of 2022)

    Figure 16. The Top 10 and 5 Players Market Share by Mobile Payment Revenue in 2022

    Figure 17. North America Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 18. North America Mobile Payment Market Share by Country (2018-2029)

    Figure 19. United States Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Canada Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe Mobile Payment Market Share by Country (2018-2029)

    Figure 23. Germany Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. France Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. U.K. Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Italy Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Russia Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Nordic Countries Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Mobile Payment Market Share by Region (2018-2029)

    Figure 31. China Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Japan Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. South Korea Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Southeast Asia Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. India Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Australia Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America Mobile Payment Market Share by Country (2018-2029)

    Figure 39. Mexico Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Brazil Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Mobile Payment Market Share by Country (2018-2029)

    Figure 43. Turkey Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Saudi Arabia Mobile Payment Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. WeChat Pay Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 46. Alipay Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 47. PayPal Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 48. Apple Pay Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 49. WePay Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 50. Verifone Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 51. Samsung Pay Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 52. PlaySpan Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 53. PayStand Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 54. Payoneer Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 55. Paymentwall Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 56. Heartland Payment Systems Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 57. First Data Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 58. Amazon Pay Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 59. Stripe Revenue Growth Rate in Mobile Payment Business (2018-2023)

    Figure 60. Bottom-up and Top-down Approaches for This Report

    Figure 61. Data Triangulation

    Figure 62. Key Executives Interviewed