“GCC Mobile Payment Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth, and Forecast, 2021-2026” provides a thorough and in-depth assessment of the GCC Mobile Payment Marketplace based on its segments, including type, end use and region. The report follows the latest industry trends and analyzes their overall impact on the market. It also assesses market dynamics, which covers key demand and price indicators, and studies the market based on Porter’s SWOT and Five Forces models.
Historical year: 2015-2020
Baseline year: 2020
Forecast year: 2021-2025
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Mobile payment refers to the process of transferring funds using an internet connection and a smartphone. A code is generated during the transaction and sent manually by the user or over the air (OTA). As a result, mobile payment is more convenient, secure and easier to use than traditional methods.
At present, increasing internet penetration and increasing smartphone sales are catalyzing the demand for mobile payment services in this region.
To note: Our analysts are constantly monitoring the influence of the COVID-19 pandemic on the market. This relevant information is included in the report to improve the efficiency, resilience and overall performance of companies.
GCC’s mobile payment industry trends and drivers:
The growing adoption of contactless payment services, due to the sudden outbreak of coronavirus disease (COVID-19), is primarily driving the GCC mobile payment market.
In addition, with the growing number of expatriate workers, the demand for mobile payment is intensifying as it helps to lower costs and reduce the time required to make cross-border payments.
In addition, several companies are working with various financial institutions to transfer wages to their employees through mobile payment options. In addition, the expansion of the e-commerce industry and the increasing availability of biometric identification features for more security are expected to strengthen the GCC mobile payment market during the forecast period.
Browse the full report with tables of contents and list of figures and tables: https://bit.ly/3kXY1wZ
GCC mobile payment market segmentation:
The market is segmented on the basis of type, end use, and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides information on the competitive landscape of GCC Mobile Payment industry with major players presented in the report.
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