2021 Global Mobile Payment Methods After COVID-19 – Players Include Adyen, Alipay, and Apple Pay, Among Others – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The report “Global mobile payment methods 2021 after COVID-19” has been added to ResearchAndMarkets.com offer.

This report provides an overview of the current status and future trends of the mobile payment market around the world. Among other findings, the publication reveals that the value of biometric-authenticated mobile payment transactions globally is expected to increase by 50% between 2020 and 2025.

Companies mentioned

  • Adyen

  • After payment

  • Alipay

  • Amazon Pay

  • American Express

  • Apple Pay

  • Blik

  • Faberge

  • Food

  • Google pay

  • HMSHost International

  • username

  • Pay JKO

  • Kakao Pay

  • LINE Pay

  • MasterCard

  • MbWay

  • Free market

  • MobilePay

  • MoMo

  • Naver Pay

  • Pay Pal

  • PayU

  • Przelewy24

  • QIWI

  • Rakuten Edy

  • Sberbank

  • Bandaged

  • Suica Mobile

  • Rustling

  • Tenpay

  • ViettelPay

  • VIP

  • Visa

  • Webmoney

  • Yandex.Silver

Global mobile commerce is expected to hold around 80% of the global e-commerce transaction value in 2025

Mobile payments saw increased development after the world faced the COVID-19 crisis in 2020. Although the value of mobile commerce is only expected to increase by 8% globally from 2020 to 2025, it is expected to account for almost 80% of the total. Value of E-Commerce transactions in 2025. China will be the market leader in terms of the number of proximity mobile payment users, with 87% of mobile Internet users paying via mobile in 2021, followed by South Korea and the States. -United. Additionally, when shopping in stores, 41% of adults globally expected mobile payments to be offered as a payment method in 2020, followed by mobile wallets. Major payment service providers in 2020 included iD and Suica Mobile in Japan, Naver Pay and Kakao Pay in South Korea, and PayPal for most European countries.

Hong Kong, China, and Singapore were the top three global market leaders in mobile wallet adoption in 2020.

The COVID-19 health crisis has indeed boosted the adoption and use of the digital wallet in the world in 2020. Namely, the number of users has increased significantly in 2020 and is expected to accelerate further, with a projection from a peak of 70% between 2020 and 2025. This is due to the wide and rapid spread of mobile payments in various markets and verticals around the world. Hong Kong, China and Singapore were the leading countries in mobile wallet adoption, with penetration rates of 85%, 84% and 71%, respectively, while mature markets like the UK and United States retreated. Companies have also mainly preferred to offer digital wallets for B2C e-commerce in 2020, while for B2B they have mainly gone for bank transfers. Additionally, QR code payments, which accounted for 47% of digital wallet transactions in 2020, are expected to decrease and hold 40% in 2025.

Cover of the report

  • This report covers the global mobile payment market. It takes into account a broad definition of mobile payment, including payment methods used in mobile (distance) purchases and in-store (proximity) mobile payment.

  • Major B2C e-commerce markets in all regions of the world are covered, including advanced and emerging markets, while data availability varied from country to country.

  • Additionally, information related to the impact of the coronavirus (COVID-19) on digital payments around the world has been included in this report. Some forecasts included in this report were released prior to the pandemic outbreak. The publication date of the figures is indicated on each graph.

Main topics covered:

1. Executive summary

2. Global developments

  • Online and mobile payment Post COVID-19, August 2021

  • Value of payments, in trillions of dollars, by region and by estimates before and after COVID-19, 2010, 2014, 2018, 2019 and 2020e

  • Number of cashless transactions, billions, CAGR,%, 2020, 2025f & 2030f

  • Main online payment methods, in% of respondents, August 2020

  • Top payment methods consumers plan to use next year,% of consumers, March 2021

  • Main payment methods available, by B2C and B2B, in% of payment decision makers, 2020

  • Value of mobile commerce transactions, in trillions of USD, 2020 and 2025f

  • Share of the value of mobile commerce transactions, as a% of the total value of e-commerce transactions, 2021e and 2025f

  • Mobile wallet adoption rate,% of respondents, 2020

  • Proximity mobile payment users in selected countries, as a% of smartphone users, 2021st

  • Number of digital wallet users, in billions, 2020 and 2025f

  • Value of digital wallet spend, in trillions of dollars, 2020 and 2025f

  • Number of QR Code payment users, in billions, 2020e & 2025f

  • Share of QR code payment users,% of all mobile phone users, 2025f

  • Share of QR code payments,% of all digital wallet transactions, 2020 and 2025f

  • Use of cash in mature markets, by country, as a% of total transaction volume, 2010 and 2020e

  • Cash use in emerging markets, by country, as a% of total transaction volume, 2010 and 2020e

  • Value of mobile payment transactions authenticated via biometrics, in trillions of USD, 2020 and 2025f

  • Share of adults who expected digital payment options to be offered when making in-person purchases, in%, and specific digital payment options expected, in% of adults, November 2020

  • Main payment methods for fraudulent actions, in% of fraud and payment professionals, August 2020

3. Asia-Pacific

4. Europe

5. North America

6. Latin America

7. Middle East and Africa

For more information on this report, visit https://www.researchandmarkets.com/r/b00mnb


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