Market By Medium, Type, Application And Geography | Forecast 2019-2027
According to a research report by Triton, the mobile payment market in Latin America is anticipated to proliferate with a CAGR of 23.99% in the forecast period 2019-2027.
The countries that have been considered for analysis for the mobile payment market in Latin America are:
• Mexico
• Brazil
• Rest of Latin America
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The adoption of mobile payment methods in Latin America is still in a nascent stage, and it would take some time for its market to gain maturity. With the increased preference among consumers towards fast and instant payment methods, bankers and retailers in the region are now opting for mobile payment services. E-wallets are one the most relevant mode of payment in Brazil, contributing towards the growth of the e-commerce industry in the country. The Mexican government’s efforts towards digitizing the economy of the nation have given the mobile payment market an excellent push, by disbursing government payments through mobile money accounts. Financial organizations in Argentina are well aware of the potential of the mobile payment technology, and have been discussing regulatory measures that could lead to the digitization of the economy.
The top key companies in the mobile payment market are Alipay, Apple, Inc., Boku, Airtel Money, Bank of America, Paytm, Banco Bilbao Vizcaya Argentaria Wallet, Beijing Qiandaibao Payment Technology, Ltd., PayPal, China UnionPay, Merchant Customer Exchange, YeePay, Dwolla Corp., G-Xchange, M-Pesa, Google, iZettle, Intuit Pay, Mastercard, Tenpay Technology, Ltd., Square Inc., The Western Union Company, We Pay, Inc., Paymentwall, 99bill Corporation, Softcard and Obopay, Inc.
Market by Technology (Data ana ..
VIEW REPORT1. MOBILE
PAYMENT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. MOBILE
PERSON-TO-PERSON TRANSFER (P2P) DOMINATES THE LATIN AMERICA MOBILE PAYMENT
MARKET BY TYPE OF PAYMENT
2.2.2. CONTACTLESS
MEDIUM FOR MOBILE PAYMENT TO GROW AT SIGNIFICANT RATE
2.2.3. RETAIL
INDUSTRY SHOWS A LARGE DEMAND IN THE MOBILE PAYMENT MARKET
2.3. EVOLUTION
& TRANSITION OF MOBILE PAYMENT
2.4. PORTER’S
FIVE FORCE ANALYSIS
2.5. MARKET
ATTRACTIVENESS MATRIX
2.6. VENDOR
SCORECARD
2.7. INDUSTRY
PLAYER POSITIONING
2.8. KEY
MARKET STRATEGIES
2.9. MARKET
DRIVERS
2.9.1. GROWTH
IN E-COMMERCE
2.9.2. INORGANIC
GROWTH VIA MERGERS AND ACQUISITIONS
2.9.3. MOBILE
PAYMENT IS BEING PREFERRED OVER TRADITIONAL BANKING METHODS
2.9.4. MOBILE
PAYMENTS BEING ACCEPTED BY SMALL MERCHANTS AND BUSINESSES
2.9.5. TECHNOLOGICAL
ADVANCEMENT
2.9.6. UNBANKED
POPULATION OPTING FOR EXTENSIVE USE OF MOBILE PAYMENT
2.10.
MARKET RESTRAINTS
2.10.1.
SECURITY CONCERN
2.10.2.
INTEROPERABILITY IS A KEY CONCERN
2.10.3.
SPYWARE AND MALWARE ATTACKS MAY SLOW DOWN THE
MARKET
2.11.
MARKET OPPORTUNITIES
2.11.1.
EMPHASIS ON USER-CONVENIENCE GIVING RISE TO
ADOPTION OF MOBILE PAYMENT SYSTEMS
2.11.2.
ENTRY OF BIG PLAYERS IN MOBILE PAYMENT MARKET
2.11.3.
GROWING SMART CITY PROJECTS
2.11.4.
INTRODUCTION OF MORE USER-FRIENDLY TECHNOLOGIES
2.11.5.
LIMITATIONS ON CASH TRANSACTION
2.11.6.
UNBANKED GEOGRAPHIES ARE THE OPPORTUNITY
MARKETS
2.12.
MARKET CHALLENGES
2.12.1.
ADDRESSING THE COMPLEXITIES IS A CONCERN
2.12.2.
HUGE CAPITAL REQUIREMENT
2.12.3.
LACK OF TECHNOLOGICAL STANDARDS
2.12.4.
LATE ARRIVAL SCENARIO AND LACK OF INDUSTRY
STANDARD
2.12.5.
MOBILE PAYMENTS NEED TO CREATE SPACE FOR
LONG-TERM GROWTH
2.12.6.
NEW ADDITIONS TO THE TECHNOLOGY AND UNCLEAR
RULES CONFUSE THE MARKET PLAYERS AND CUSTOMERS
2.12.7.
RELUCTANCE TO SWITCH TO NEW TECHNOLOGY
3. MOBILE
PAYMENT MARKET OUTLOOK - BY MEDIUM
3.1. SMS
3.2. INTERNET
3.3. CONTACTLESS
3.4. USSD
4. MOBILE
PAYMENT MARKET OUTLOOK - BY TYPE
4.1. MOBILE
PERSON-TO-PERSON TRANSFER (P2P)
4.2. MOBILE
COMMERCE (POS)
4.3. PREPAID
MOBILE WALLET
4.4. IN-APP
BILLING
4.5. CARRIER
BILLING
4.6. CLOSED
LOOP PAYMENTS
5. MOBILE
PAYMENT MARKET OUTLOOK - BY APPLICATION
5.1. HEALTHCARE
5.2. RETAIL
5.3. ENERGY
& UTILITIES
5.4. HOSPITALITY
AND TRANSPORTATION
5.5. ENTERTAINMENT
5.6. OTHER
APPLICATIONS
6. MOBILE
PAYMENT MARKET - LATIN AMERICA
6.1. MARKET
BY MEDIUM
6.2. MARKET
BY TYPE
6.3. MARKET
BY APPLICATION
6.4. COUNTRY
ANALYSIS
6.4.1. BRAZIL
6.4.2. MEXICO
6.4.3. REST
OF LATIN AMERICA
7. COMPETITIVE
LANDSCAPE
7.1. APPLE,
INC.
7.2. ALIPAY
7.3. AIRTEL
MONEY
7.4. BOKU
7.5. BANK
OF AMERICA
7.6. BANCO
BILBAO VIZCAYA ARGENTARIA WALLET
7.7. BEIJING
QIANDAIBAO PAYMENT TECHNOLOGY, LTD.
7.8. CHINA
UNIONPAY
7.9. MERCHANT
CUSTOMER EXCHANGE
7.10.
M-PESA
7.11.
DWOLLA CORP.
7.12.
G-XCHANGE
7.13.
GOOGLE
7.14.
IZETTLE
7.15.
INTUIT PAY
7.16.
MASTERCARD
7.17.
SQUARE, INC.
7.18.
TENPAY TECHNOLOGY, LTD.
7.19.
THE WESTERN UNION COMPANY
7.20.
WE PAY, INC.
7.21.
YEEPAY
7.22.
99BILL CORPORATION
7.23.
SOFTCARD
7.24.
PAYTM
7.25.
PAYPAL
7.26.
PAYMENTWALL
7.27.
OBOPAY, INC.
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1. MARKET ATTRACTIVENESS
MATRIX FOR MOBILE PAYMENT MARKET
TABLE 2. VENDOR SCORECARD OF
MOBILE PAYMENT MARKET
TABLE 3. KEY STRATEGIC
DEVELOPMENTS IN MOBILE PAYMENT MARKET
TABLE 4. LATIN AMERICA MOBILE
PAYMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ BILLION)
TABLE 5. LATIN AMERICA MOBILE
PAYMENT MARKET, BY TYPE, 2019-2027 (IN $ BILLION)
TABLE 6. LATIN AMERICA MOBILE
PAYMENT MARKET, BY MEDIUM, 2019-2027 (IN $ BILLION)
TABLE 7. LATIN AMERICA MOBILE
PAYMENT MARKET, BY APPLICATION, 2019-2027 (IN $ BILLION)
FIGURE 1: LATIN AMERICA MOBILE
PAYMENT MARKET, BY TYPE, 2018 & 2027 (IN %)
FIGURE 2 EVOLUTION OF PAYMENT
SYSTEM
FIGURE 3: MOBILE P2P TRANSFER
MARKET, 2019-2027 (IN $ BILLIONS)
FIGURE 4: CONTACTLESS MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLIONS)
FIGURE 5: RETAIL INDUSTRY
MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLIONS)
FIGURE 6: PORTER’S FIVE FORCE
ANALYSIS
FIGURE 7: INDUSTRY PLAYER
POSITIONING OF TOP PLAYERS IN 2018 (%)
FIGURE 8 LATIN AMERICA URBAN
POPULATION, 2016-2050 (%)
FIGURE 9: LATIN AMERICA MOBILE
PAYMENT MARKET, BY SMS, 2019-2027 (IN $ BILLION)
FIGURE 10: LATIN AMERICA
MOBILE PAYMENT MARKET, BY INTERNET, 2019-2027 (IN $ BILLION)
FIGURE 11: LATIN AMERICA
MOBILE PAYMENT MARKET, BY CONTACTLESS, 2019-2027 (IN $ BILLION)
FIGURE 12: LATIN AMERICA
MOBILE PAYMENT MARKET, BY USSD, 2019-2027 (IN $ BILLION)
FIGURE 13: LATIN AMERICA
MOBILE PAYMENT MARKET, BY MOBILE PERSON-TO-PERSON TRANSFER (P2P), 2019-2027 (IN
$ BILLION)
FIGURE 14: LATIN AMERICA
MOBILE PAYMENT MARKET, BY M-COMMERCE (POS), 2019-2027 (IN $ BILLION)
FIGURE 15: LATIN AMERICA
MOBILE PAYMENT MARKET, BY PREPAID MOBILE WALLET, 2019-2027 (IN $ BILLION)
FIGURE 16: LATIN AMERICA
MOBILE PAYMENT MARKET, BY IN-APP BILLING, 2019-2027 (IN $ BILLION)
FIGURE 17: LATIN AMERICA
MOBILE PAYMENT MARKET, BY CARRIER BILLING, 2019-2027 (IN $ BILLION)
FIGURE 18: LATIN AMERICA MOBILE
PAYMENT MARKET, BY CLOSED-LOOP PAYMENTS, 2019-2027 (IN $ BILLION)
FIGURE 19: LATIN AMERICA
MOBILE PAYMENT MARKET, BY APPLICATION, 2018 & 2027 (IN %)
FIGURE 20: LATIN AMERICA
MOBILE PAYMENT MARKET, BY HEALTHCARE, 2019-2027 (IN $ BILLION)
FIGURE 21: LATIN AMERICA
MOBILE PAYMENT MARKET, BY RETAIL, 2019-2027 (IN $ BILLION)
FIGURE 22: LATIN AMERICA
MOBILE PAYMENT MARKET, BY ENERGY & UTILITIES, 2019-2027 (IN $ BILLION)
FIGURE 23: LATIN AMERICA
MOBILE PAYMENT MARKET, BY HOSPITALITY & TRANSPORTATION, 2019-2027 (IN $
BILLION)
FIGURE 24: LATIN AMERICA
MOBILE PAYMENT MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ BILLION)
FIGURE 25: LATIN AMERICA
MOBILE PAYMENT MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ BILLION)
FIGURE 26: LATIN AMERICA
MOBILE PAYMENT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 27: BRAZIL MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 28: MEXICO MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 29: REST OF
LATIN AMERICA MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)