LATIN AMERICA MOBILE PAYMENT MARKET 2019-2027

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LATIN AMERICA MOBILE PAYMENT MARKET 2019-2027

Market By Medium, Type, Application And Geography | Forecast 2019-2027

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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.

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Table of Content

1.    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

List of Tables

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)

List of Figures

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)

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