Global Proximity Mobile Payment Market - Miram Shah

Global Proximity Mobile Payment Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at 49.2% through 2020 to 2027, reaching US$ XX Bn.



Global Proximity Mobile Payment Market

The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Proximity mobile payments are defined as POS (Point-of-sale) transactions made by using a mobile device as a payment method. Contains tapping, scanning, swiping or checking in with a mobile device at the POS to complete the transaction; accepts purchases of digital goods on mobile devices, purchases made remotely on mobile devices that are delivered later on, and transactions made by tablets.

The MMR report focuses on proximity mobile payment volume and value at the global level, regional level and company level. From a global perspective, this report represents the overall proximity mobile payment market size by analyzing historical data and future prospect. Proximity mobile payments, especially Near Field Communication (NFC), has been growing worldwide, though it still accounts for a small part of both in-store and mobile payments. In 2014, the transaction volume in the global proximity mobile payments market was valued at nearly US$4.6 billion and it is expected to exceed approximately US$ XX billion by 2027. This growth rate will be driven not only by NFC, which is being used by both the major OS developers Apple and Google - but also by the spread of contactless infrastructure globally.

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