Monthly Archives August 2021

Payment transaction

B2B cross-border payment transactions value to exceed $ 42 trillion in 2026 as e-commerce market growth drives commerce

By Posted on 2min read8 views

BASINGSTOKE, England, August 31, 2021– (BUSINESS WIRE) – A new study from Juniper Research has found that the transaction value of B2B cross-border payments of all payment types will exceed $ 42.7 trillion in 2026, up from $ 34 trillion in 2021. The research identified this growth of over 25% is driven by the growing popularity of e-commerce markets, which are generally cross-border in nature.

Research has identified that the B2B cross-border payments market is highly fragmented, with payments being slow, expensive, and difficult to track. As cross-border e-commerce accelerates, B2B payments must keep pace, with the use of automation, instant payment rails and solutions such as virtual IBANs, which enable the acceptance of payment options. local, essential to future success.

For more information, download the free white paper: Breaking the deadlock for innovation in B2B payments

Blockchain has potential, but development is needed

The new research, B2B Payments: Key Opportunities, Vendor Strategies, and Market Forecast 2021-2026, found that blockchain plays an important role in B2B cross-border payments, with services such as B2B Visa Connection and RippleNet with significant potential. However, the report identified that blockchain is not essential to this process – a network of networks can be built without using blockchain, which means blockchain providers need to focus on unique capabilities, such as traceability and immutability, to make it more attractive for B2B payments than alternatives. .

Research author Nick Maynard explained: “Blockchain is not a silver bullet for the challenges of cross-border payments, but it has an important role to play. For networks, making connections is essential to ensure the best possible reach and appeal in the increasingly globalized B2B payments market. ‘

Bank transfers dominating B2B cross-border payments

Research found that by 2026, 80% of the overall B2B cross-border payment transaction value will be via wire transfers; an increase from 70% in 2021. Instant payments will represent a relatively small proportion of B2B wire transfers, at 22% of these in value in 2026.

Research recommends that until cross-border instant payments are ubiquitous, payment providers should fill in the gaps by ensuring that alternative and manageable methods, such as virtual cards, are available to businesses.

B2B Payments Market Research: https://www.juniperresearch.com/researchstore/fintech-payments/b2b-payments-research-report

Download the white paper: https://www.juniperresearch.com/whitepapers/breaking-the-innovation-stalemate-in-b2b-payments

Juniper Research provides research and analysis services to the global high-tech communications industry; providing advice, analyst reports and industry commentary.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210830005018/en/

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Global Mobile Payment Methods 2021 After COVID-19

By Posted on 3min read9 views

China was considered to be one of the world’s leading markets for the rate of adoption of proximity mobile payment in 2021. The latest publication “Global Mobile Payment Methods 2021 Post COVID-19” provides an overview of the current state and future trends of the global mobile payment market.

New York, August 26, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Mobile Payment Methods 2021 Post COVID-19” – https://www.reportlinker.com/p06130518/?utm_source= GNW
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.

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 fell back. 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.

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Read the full report: https://www.reportlinker.com/p06130518/?utm_source=GNW

About Reportlinker
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Major Key Players of Mobile Payment Transactions Market, Size, Share, Demand, Opportunities and Forecast to 2028

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“Mobile Payment Transactions Market Analysis, Mobile Payment Transaction, Mobile Payment Transactions Market, Developed Countries Mobile Payment Transactions Market Analysis, Mobile Payment Transactions Market By Application, Mobile Payment Transactions Market By type, Mobile payment transaction market development, Mobile payment transaction market evolution opportunities with top industry experts,

Global market vision recently published a research report titled Mobile Payment Transactions Market. Primary and secondary research methods were used to construct this report. Analysis was derived using history and predictions. The report includes an in-depth study of geographies, revenue forecast, segmentation, and market share.

The global mobile payment transactions market is expected to prosper in terms of volume and value during the forecast period. The report provides an understanding of the different market drivers, threats, opportunities, and limitations. Analysts used SWOT and Porter’s Five Forces Analysis to determine the impact of these factors on market growth during the forecast period.

Access a PDF sample of the Global Mobile Payment Transactions Market Research Report with Opportunities and Strategies to Drive Growth – Impact and Recovery of COVID-19 @ https://www.globalmarketvision.com/sample_request/13017

The main company profiles of the mobile payment transactions market:

PayPal, GoogleWallet, MasterCard, Visa, LevelUp, Brain Tree, MoneyBokkers, Worlpay, Clinkle, Single Point

Segment by type, the mobile payment transaction market is segmented into:

Near Field Communication (NFC), Direct, WAP, SMS, USSD, Others

Segment by application, the mobile payment transactions market is segmented into:

Travel & Ticketing, Bank, Merchandise, Food & Drink, Airtime, Others

The SWOT analysis administered during the study highlights the strengths, weaknesses, opportunities and threats faced by the major vendors. The industry research analyzes market segmentation supports product type, application, sale, and countries. , and weighed to promote actionable decisions

Get 20% Discount on Various Types of Buy It Now Licenses @ https://www.globalmarketvision.com/check-discount/13017

Regional Outlook (Revenue, USD Million, 2021-2028)

  • North America (United States, Canada, Mexico)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Others)
  • Asia-Pacific (China, Japan, India, South Korea, Southeast Asia, others)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, others)
  • South America (Brazil, others)

Main information that this study will provide:

  • 360-degree mobile payment transactions market overview based on global and regional level
  • Market share and sales revenue by key players and emerging regional players
  • Competitors – In this section, various leading Mobile Payment Transaction industry players are studied on the basis of their company profile, product portfolio, capacity, price, cost and revenue.
  • A separate chapter on the entropy of the mobile payment transactions market to better understand the aggressiveness of Leader vis-à-vis the market [Merger & Acquisition / Recent Investment and Key Developments]
  • Patent analysis Number of patents / Trademark registered in recent years.

Key influence of the mobile payment transaction market:

  • What was the size of the mobile payment transactions market, growth trends and market forecasts?
  • What will be the CAGR of the mobile payment transactions market during the forecast period (2021-2028)?
  • Which segments were the most attractive for investments? How these segments are expected to grow over the forecast period.
  • What sharing of assessments for regional and national segments?
  • trends mapping the latest technological advancements and strategic initiatives taken by major vendors in the mobile payment transaction market.
  • What policy changes will help stakeholders strengthen their supply chain and demand network?
  • What trends in the mobile payment transactions market (drivers, restraints, opportunities, threats, challenges, investment opportunities and recommendations)
  • What strategies have helped established players reduce supplier, purchasing and logistics costs?
  • Competitive landscaping mapping the main common trends?

Get a research report within 48 hours @ https://www.globalmarketvision.com/checkout/?currency=USD&type=single_user_license&report_id=13017

Any special requirement for this report, please let us know and we can provide a custom report.

Contact us

George Miller | Business development

Call: + 1-775 237 4147

E-mail: [email protected]

Global market vision

Website: www.globalmarketvision.com

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Asia-Pacific 2021 online payment methods after COVID-19

By Posted on 3min read10 views

Electronic and mobile payments in the Middle East and Africa have seen an increase in their adoption and value. The latest publication “Online Payment Methods in the Middle East and Africa 2021” provides an overview of the current status and future trends of the online payments market in the Middle East and Africa.

New York, August 19, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Asia-Pacific 2021 Online Payment Methods After COVID-19” – https://www.reportlinker.com/p06130123/? utm_source = GNW
Among other findings, the publication reveals that even after the removal of social isolation measures, consumers planned to continue using cellphones / smartphones to shop.

Electronic payments around the world have gained momentum, especially after the onset of COVID-19, encouraging consumers to embrace them and learn more about them

Online payments and alternatives to cash are gaining ground around the world, even more gradually after the onset of the pandemic in 2020. Credit and debit cards are among the main payment methods common around the world. QR codes, which were increasingly accepted around the world, are expected to decrease in frequency of use due to the acceleration of features such as card acceptance through NFC smartphones, which are now easier to adopt. Another form of payment that is gaining momentum today is cryptocurrency. A recent survey cited in the report found that a significant share of young consumers became more open to this new currency in 2021 compared to the previous year and more than 70% of them are ready to learn more about it. his subject.

Consumers in the Middle East and Africa have steadily increased their use of online payments and the acceptance of emerging forms of payment has increased.

The online payment industry in the Middle East and Africa has accelerated since the start of 2020. One of the main drivers has been the COVID-19 pandemic. Consumers in the region were open to adopting digital payments and even trying new emerging payments such as cryptocurrency, biometrics, QR code, and more because they are fast, secure, and contactless. Many consumers surveyed have opted to use cryptocurrency more than last year. Moreover, even after the removal of social distancing / social isolation measures, most buyers still preferred to use cellphones / smartphones to shop.

Overall, a considerable portion of UAE consumers chose online payments because they believed it helped them save money. While in Israel, online shopping has been preferred due to the lower risk of COVID-19 infection in 2020.

In general, in the countries of the two regions, card and mobile payments dominated. Namely, in South Africa and Egypt, the value of card payments is expected to increase steadily over the next few years. In Egypt, the number of electronic cards increased significantly from December 2017 and exceeded 40 million in December 2020.

In Morocco, local card payments prevailed over foreign card payments. The value of digital transactions via Moroccan cards reached over 4 billion dirhams (around 400 million euros) in the first 9 months of 2020, while the value of online payments with a foreign card has declined from of 2019 and reached just over 225 million dirhams (over 21 million) in the first 9 months of 2020.

Mobile payments have also increased in acceptance in both regions. Namely, in Jordan, the volume of transactions made through a mobile payment system increased in 2020 and exceeded 1 million in December 2020. While in Kenya, the number of mobile payments continued to grow every year and reached over 60 million at the start of 2021.

For individual market report purchases:
1. A “single user license” means that only one (1) individually named user from an organization has the right to access the report.
2. A “site license” means that up to ten (10) users in a given geographic location (ie a country) of an organization will have the right to access the report.
3. A “Global Site License” means that up to ten (10) Global Users from an organization will be entitled to access the report.

In all cases, the term “organization” refers only to the buyer’s specific company and excludes any third parties, including affiliates.
Read the full report: https://www.reportlinker.com/p06130123/?utm_source=GNW

About Reportlinker
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001


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