Market By Medium, Type, Application And Geography | Forecast 2019-2027
As per Triton's research report, the Middle East mobile payment market is anticipated to upsurge with a CAGR of 25.51% in the forecasting years of 2019-2027.
The Middle East market report on the mobile payment market considers the countries of:
• The UAE
• Turkey
• Saudi Arabia
• Rest of the Middle East
The Middle East is witnessing an upsurge in the mobile payment market with a number of players offering myriad diverse services.
Report scope can be customized per your requirements. Request For Customization
The substantial growth in the e-commerce industry through online businesses such as online retail shopping, recharges, money transfer and so on is giving rise to mobile payment systems. The online world is growing rapidly owing to factors like the rising number of broadband connections and the availability of internet at cheaper rates. Most of the times, payments in e-commerce are cashless, which implies that they must be processed by electronic means. This has been raising the demand for mobile payments mechanism.
Many a times, a large percentage of the population is unable to use mobile payment systems due to low digital literacy. Some may not be willing to embrace new technology and prefer traditional modes of payment. Mobile payment service providers should make the transaction experience user-friendly and come up with lucrative offers to attract customers towards mobile payments. This will only help in expanding the mobile payment market.
Some of the companies present in the mobile payment market are Airtel Money, Apple, Inc., Alipay, PayPal, M-Pesa, Bank of America, Dwolla Corp., Boku, Paytm, The Western Union Company, Banco Bilbao Vizcaya Argentaria Wallet, G-Xchange, Mastercard, 99bill Corporation, Beijing Qiandaibao Payment Technology, Ltd., China UnionPay, Merchant Customer Exchange, Google, Softcard, Paymentwall, YeePay, iZettle, We Pay, Inc., Intuit Pay, Obopay, Inc., Square, Inc. and Tenpay Technology, Ltd.
Market by Security Testing Typ ..
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 MIDDLE EAST 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 - MIDDLE EAST
6.1. MARKET
BY MEDIUM
6.2. MARKET
BY TYPE
6.3. MARKET
BY APPLICATION
6.4. COUNTRY
ANALYSIS
6.4.1. UNITED
ARAB EMIRATES
6.4.2. TURKEY
6.4.3. SAUDI
ARABIA
6.4.4. REST
OF MIDDLE EAST
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
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. MIDDLE
EAST MOBILE PAYMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)
TABLE 5. MIDDLE
EAST MOBILE PAYMENT MARKET, BY TYPE, 2019-2027 (IN $ MILLION)
TABLE 6. MIDDLE
EAST MOBILE PAYMENT MARKET, BY MEDIUM, 2019-2027 (IN $ MILLION)
TABLE 7. MIDDLE
EAST MOBILE PAYMENT MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)
FIGURE 1: MIDDLE
EAST MOBILE PAYMENT MARKET, BY TYPE, 2018 & 2027 (IN %)
FIGURE 2 EVOLUTION
OF PAYMENT SYSTEM
FIGURE 3: MOBILE
P2P TRANSFER MARKET, 2019-2027 (IN $ BILLION)
FIGURE 4:
CONTACTLESS MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 5: RETAIL
INDUSTRY MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 6: PORTER’S
FIVE FORCE ANALYSIS
FIGURE 7: INDUSTRY
PLAYER POSITIONING OF TOP PLAYERS IN 2018 (%)
FIGURE 8 MIDDLE
EAST URBAN POPULATION, 2016-2050 (%)
FIGURE 9: MIDDLE
EAST MOBILE PAYMENT MARKET, BY SMS, 2019-2027 (IN $ BILLION)
FIGURE 10: MIDDLE
EAST MOBILE PAYMENT MARKET, BY INTERNET, 2019-2027 (IN $ BILLION)
FIGURE 11: MIDDLE
EAST MOBILE PAYMENT MARKET, BY CONTACTLESS, 2019-2027 (IN $ BILLION)
FIGURE 12: MIDDLE
EAST MOBILE PAYMENT MARKET, BY USSD, 2019-2027 (IN $ BILLION)
FIGURE 13: MIDDLE
EAST MOBILE PAYMENT MARKET, BY MOBILE PERSON-TO-PERSON TRANSFER (P2P),
2019-2027 (IN $ BILLION)
FIGURE 14: MIDDLE
EAST MOBILE PAYMENT MARKET, BY M-COMMERCE (POS), 2019-2027 (IN $ BILLION)
FIGURE 15: MIDDLE
EAST MOBILE PAYMENT MARKET, BY PREPAID MOBILE WALLET, 2019-2027 (IN $ BILLION)
FIGURE 16: MIDDLE
EAST MOBILE PAYMENT MARKET, BY IN-APP BILLING, 2019-2027 (IN $ BILLION)
FIGURE 17: MIDDLE
EAST MOBILE PAYMENT MARKET, BY CARRIER BILLING, 2019-2027 (IN $ BILLION)
FIGURE 18: MIDDLE
EAST MOBILE PAYMENT MARKET, BY CLOSED-LOOP PAYMENTS, 2019-2027 (IN $ BILLION)
FIGURE 19: MIDDLE
EAST MOBILE PAYMENT MARKET, BY APPLICATION, 2018 & 2027 (IN %)
FIGURE 20: MIDDLE
EAST MOBILE PAYMENT MARKET, BY HEALTHCARE, 2019-2027 (IN $ BILLION)
FIGURE 21: MIDDLE
EAST MOBILE PAYMENT MARKET, BY RETAIL, 2019-2027 (IN $ BILLION)
FIGURE 22: MIDDLE
EAST MOBILE PAYMENT MARKET, BY ENERGY & UTILITIES, 2019-2027 (IN $ BILLION)
FIGURE 23: MIDDLE
EAST MOBILE PAYMENT MARKET, BY HOSPITALITY AND TRANSPORTATION, 2019-2027 (IN $
BILLION)
FIGURE 24: MIDDLE
EAST MOBILE PAYMENT MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ BILLION)
FIGURE 25: MIDDLE
EAST MOBILE PAYMENT MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ BILLION)
FIGURE 26: MIDDLE
EAST MOBILE PAYMENT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 27: UNITED
ARAB EMIRATES MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 28: TURKEY
MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 29: SAUDI
ARABIA MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 30: REST OF
MIDDLE EAST MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)