Next Generation Mobile Payments: Smartphones, Wearables, and Implantable Technology 2018 - 2023

LONDON, Oct. 25, 2017 /PRNewswire/ -- Overview:
The global mobile payment segment has experienced exceptional growth in the last five years, establishing a $600B market by 2017. The market has moved well-beyond its origins of niche status and is now poised for adoption of new payment technologies such as next generation contactless payments, converged mobile wallets, integration of digital currency (like Bitcoin), wearable payment solutions, and payments through implanted chips into the human body. The overall electronic payments market will also accelerate transformation towards a cashless society.



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This growth will benefit all value chain stakeholders including device manufacturers, service providers, app developers, financial organizations, and merchants significantly. Many improvements will be witnessed as the ecosystem streamlines front-end processes to leverage efficiencies enabled by back-end systems. Mind Commerce estimates a combined $3T mobile payment market by 2023 of which $9B will be through next generation implantable payment technologies.

The research evaluates existing and emerging mobile payment technologies, leading mobile payment companies, and solutions. The report provides market forecast for the 2018 - 2023 period for all segments of the mobile payment marketplace. ll purchases of Mind Commerce reports include 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.

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