The
research report offers an in-depth comprehension of the mobile
payments market structure, assesses its different aspects, and
enunciates both qualitative and quantitative analysis patterns. It
divides the market on the basis of various parameters and assesses
each sector and sub-sector in overall mobile payments industry. The
factors that drive as well as restrain the growth of the industry
have been elaborated, helping professionals take important steps in
their business. The report also investigates regions with a potential
for emerging and profitable markets, and stagnant or mature markets
along with possible advantages for growth.
Using
Porter’s five forces analysis, a SWOT assessment, and analyzing the
market value chain, this research report describes the competitive
scenario and helps obtain forecasts for the same. The key areas that
the report focuses on with regards to each firm are key player
descriptions, financial and accounting details, business concepts and
strategies, and current and recent developments.
Overview
The
global mobile payments market, also known as mobile money, is
concerned with the payment of bills using mobile mediums. This
includes Short Messaging Services (SMSes), smartphone apps, Near
Field Communication (NFC) and financial service providers such as
Google and Ericsson. The idea of using the mobile payment market
comes from avoiding the use of coin, currency, paper, and plastic
media, such as cash, checks, credit/debit cards, and bank
transactions. Micropayments form the majority bulk of the mobile
payments market.
A
key market driver for the mobile payments market is the technology
progress in developing countries within underbanked communities. The
use of mobile payments in developing and disaster-stricken countries
like Haiti has influenced both private and public funding
organizations alike, such as the Bill and Melinda Gates Foundation
and MercyCorps. Key restraints in the mobile payments market include
the non-availability of suitable technology to propagate the concept
in underdeveloped countries, and low income families that cannot
acquire an appropriate mobile payments medium. Inconveniences such as
a constant need to verify and register over multiple networks might
also prove to be a restraining factor for the market.
The
mobile payments market can be segmented into four categories based on
the models of payment used; the primary models are premium SMS
transactions, Direct Mobile Billing, Contactless NFCs, and Mobile web
payments (WAP). Online wallet services like PayPal, Amazon Payments,
and Google Wallet are also included in the mobile payments market.
Most of these payment methods require a user to be registered on to
the payment company’s roster, after which they can use the account
as a cashless transaction account.
Companies
mentioned
Key
players mentioned in the mobile payments market mentioned in the
research report include MokiMobility, txtNation, Mahindra Comviva,
and Auriga.
Enquiry
Before Buying :-
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=157
About
Us
Transparency
Market Research is a market intelligence company providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers.
Contact:
Transparency
Market Research
90
State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA
- Canada Toll Free 866-552-3453
Browse
Market Research Blogs:
0 comments:
Post a Comment