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The majority market share in the mobile payment technologies market is reserved with a chunk of well-established players, observes Transparency Market Research (TMR) in a new report. Despite being technology intensive, the vast growth opportunities is attracting new companies to foray in the market and thus escalate the degree of competition. For now, the vendor landscape is foreseen to remain moderately consolidated among a few vendors that are broadly categorized as merchants, API providers, MNOs, and OTT Providers. Visa Inc., MasterCard International Inc., American Express Co., Boku Inc., PayPal Inc., Fortumo, Bharti Airtel Ltd., Vodafone Ltd., AT & T Inc., Google Inc., Apple Inc., and Microsoft Corporation are to name leading companies currently operating in the mobile payment technologies market. As per the TMR report, the global mobile payment technologies market is expected to clock a phenomenal 20.9% CAGR between 2017 and 2024. Rising at this rate, the opportunities in ...

Mobile payment technology (MPT) makes use of cell phones, smart phones or tablets to make instant payments for purchased services and/or products. Depending on the type of payments made, the mobile payment technologies market is divided into remote payments and proximity payments. Furthermore, the remote mobile payment technology market is categorized into USSD/STK, digital wallets, SMS based, and direct operator billing (debit/credit cards). On the other hand, the proximity mobile payment technology market is further categorized into QR code payments and near field communication (NFC). Among the proximity type of payments, NFC segment is expected to lead due to large scale technological developments across the world. Obtain Report Details @ https://www.transparencymarketresearch.com/mobile-payments-market.html Geographically the global MPT market is divided into four key regions – Asia Pacific, Middle East & Africa, South America and North America. Some of the key players in...