Top Rated Report: Global Mobile Payment Transaction Market Analysis and Opportunity Assessment, 2014-2020

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The global mobile payment transaction market is segmented on the basis of applications, technology, and regions. The application segment is further sub-segmented into bill payment, merchandise purchase, money transfer, and ticketing.

Browse Full Report With TOC: http://www.mrrse.com/reports/global-mobile-payment-transaction-market

The technology segment includes Near Field Communication (NFC), Wireless Application Protocol (WAP), SMS based payments, and unstructured supplementary service data (USSD). Geographically, the regions operating in the mobile payment transaction market are North America, Asia Pacific, Eastern Europe, Latin America, Africa, Western Europe, and Middle East.

According to industry analysts the global mobile payment transaction market will be primarily driven by saturation of subscribers due to high rate for voice call and the plummeting revenue from conventional credit and loan system.

To Get Download Full Report with TOC: http://www.mrrse.com/enquiry/global-mobile-payment-transaction-market

The user friendly applications that smartphones have introduced have also opened several avenues for users for online shopping, which is driving the market to new highs.

Despite the strong foothold of this market, it faces challenges such as lack of awareness amongst rural and elderly population and a hesitation amongst users to make a transition from conventional payment methods.

Some of the key players in the mobile payment transaction market are Google Wallet, Word pay, PayPal, Visa, and MasterCard. The market participants are focusing on improving the adoption rate amongst consumers of the available services, rather than developing more solutions. For instance, a brand new entrant in the mobile payment transaction market, Apple Pay, is looking at luring in affluent Apple users to increase their database to compete with the virtual wallet wars and emerge as a winner in the longer run.


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