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Asia Pacific Mobile Payment Market Forecast 2018-2026

Key Findings
The Asia-Pacific mobile payment market is predicted to show the highest growth over the forecast period of 2018-2026, growing at an estimated CAGR of 23.70%.The Asia Pacific has seen rapid developments in mobile payment market over the years; mainly from countries like India, China, Japan, and South Korea.

Market Insights
The increasing internet usage, favourable government reforms, and the substantially increased subscriber base are the main factors responsible for the market growth in this region. The mobile payment market is segmented according to the payment type that is further sub-segmented into various mobile commerce services such as closed loop billing, carrier billing, in-app billing and prepaid mobile wallet, and into mobile P2P. The market is also segmented according to the type of medium which includes USSD, contactless, internet and SMS. The Australia mobile payment market is anticipated to exhibit the highest CAGR by the end of 2026. Australia has been slow to embrace the mobile payment services compared to rest of the world. But the situation has changed gradually with all major Australian banks making mobile payments services a priority and have planned to launch mobile payment technology, thus enabling the customers to pay via smartphones.

Competitive Insights
The major market players include Google, Obopay Inc, Apple Inc, Alipay, Paymentwall, Airtel Money, Paytm, Paypal, Boku, Beijing Qiandaibao Payment Technology Ltd, We Pay Inc, China UnionPay, G-Xchange, Mastercard, etc
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Asia Pacific Mobile Payment Market Forecast 2018-2026
Published By :Inkwood Research
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