Global Mobile Payments Markets Report 2021: Unbanked Mobile Payment Market will Reach $421 Billion by 2026
DUBLIN, Feb. 8, 2021 /PRNewswire/ -- The "Mobile Payments Market by Technology, Location, Device Type, Payment Type (Banking, Merchant, and P2P), User Type (Banked, Unbanked, and Underbanked), and Purchases by Industry Vertical 2021 - 2026" report has been added to ResearchAndMarkets.com's offering.
This report evaluates leading mobile payment companies, strategies, and provides a market outlook with forecasts for 2021 - 2021. This includes analysis by technology, payment location, device type, payment type, and industry vertical.
The amount of commerce conducted online has grown dramatically in recent years. The use of a mobile phone and other untethered devices to conduct commerce is a natural extension of the online commerce evolution. A vast majority of these transactions rely upon some form of account settlement that usually involves credit or debit cards, checking/ACH, or bank money transfer.
NFC payment solutions enable commerce world-wide. Consumers don't have to carry a wallet, cash, credit cards, debit cards, and they don't need a mail routing box to receive plastic cards and bills. Increasingly, mobile phones include built-in NFC technology to interact with other mobile phones with NFC technology in addition to retail point-of-sale terminals, digital signage and vending machines that dispense tickets, mobile devices, soft drinks, sunscreen, and toys. NFC is a successful technology for high-speed high-volume applications that is well-suited to consumer payments, especially micro-payments.
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