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Global and Chinese Mobile Payment Industry Analysis 2020-2026, Featuring Key Players Stripe, PayPal, AliPay, Smartpay and MobiKwik

Retrieved on: 
Friday, May 29, 2020

China remains ahead of other nations in mobile payment, with about 47 percent of mobile users using mobile & digital wallets the ranking number two.

Key Points: 
  • China remains ahead of other nations in mobile payment, with about 47 percent of mobile users using mobile & digital wallets the ranking number two.
  • China, the world's largest mobile payment market, handled a total of 532.814 billion mobile payment transactions worth RMB445.22 trillion in 2018, up 92.48% and 44.53% year-on-year respectively.
  • With the boom of the third-party mobile payment industry, third-party mobile payments have seen a rising market share year by year and squeezed mobile banking progressively.
  • Mobile payment market segments (mobile banking, third-party mobile payment, NFC payment, QR code payment, etc.)

CITCON and Tulip Team Up to Launch Global Mobile Payment Solution

Retrieved on: 
Thursday, May 21, 2020

CITCON , the leading mobile payment platform and Tulip , the global leader in store associate cloud-based mobile solutions, announced today a strategic partnership to enable QR mobile payment solution for luxury and fashion retail brands that will streamline their omnichannel payment process and increase revenue from global mobile wallet users.

Key Points: 
  • CITCON , the leading mobile payment platform and Tulip , the global leader in store associate cloud-based mobile solutions, announced today a strategic partnership to enable QR mobile payment solution for luxury and fashion retail brands that will streamline their omnichannel payment process and increase revenue from global mobile wallet users.
  • With universal use of mobile devices, adoption of mobile payment solutions is increasing worldwide and is driving growth in non-cash transactions.
  • According to eMarketer, 1.3 billion people are predicted to use a mobile payment app worldwide by 2023, enabling luxury retailers to introduce mobile payment solutions and capitalize on growth.
  • CITCON is a cross-border mobile payment and commerce solution leader, enabling merchants to accept QR-based mobile wallets in-store and online on a global scale.

Consumers Use of Mobile Payments Rebounding in the U.S.

Retrieved on: 
Tuesday, November 5, 2019

The use of any mobile payment has increased from 48% in 2018 to 60% in 2019.

Key Points: 
  • The use of any mobile payment has increased from 48% in 2018 to 60% in 2019.
  • Mobile is increasingly becoming a major part of consumer shopping in the U.S. Six in 10 report either browsing or shopping via mobile device in 2019.
  • The study highlights consumers' use and interest in mobile devices, the use of mobile wallets, how people use mobile wallets to shop, and the use of conversational interfaces.
  • Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.

Global Mobile Payment Services Market 2019-2022: Focus on NFC, QR Codes, Digital Wallets, SMS-based Money Transfer, Remittances & Alternatives to Cash & Digital Payments - ResearchAndMarkets.com

Retrieved on: 
Tuesday, August 6, 2019

The "Mobile Payment Services 2019 - A Survey of the Development of Global Mobile Payments in both Emerging and Developed Markets" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Mobile Payment Services 2019 - A Survey of the Development of Global Mobile Payments in both Emerging and Developed Markets" report has been added to ResearchAndMarkets.com's offering.
  • The report forecasts global usage of mobile payments to expand from US$ 348 billion to just under US$ 1.3 trillion by 2022.
  • The Telecoms Pricing Mobile Payments - 2019 report provides a survey of the development of global Mobile Payments in both emerging and developed markets and the role of the MNO (Mobile Network Operator) in the Mobile Payment arena.
  • The Mobile Payment Services 2019 report examines the growing ecosystem developing around global Mobile Payments - including NFC (Near Field Communications), QR codes, digital wallets, SMS-based money transfer, remittances & alternatives to cash & digital payments (including in-store or remote payments).

$1.3 Trillion Mobile Payment Services Market, 2022

Retrieved on: 
Friday, June 28, 2019

DUBLIN, June 27, 2019 /PRNewswire/ -- The "Mobile Payment Services 2019 - A Survey of the Development of Global Mobile Payments in both Emerging and Developed Markets" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, June 27, 2019 /PRNewswire/ -- The "Mobile Payment Services 2019 - A Survey of the Development of Global Mobile Payments in both Emerging and Developed Markets" report has been added to ResearchAndMarkets.com's offering.
  • The report forecasts global usage of mobile payments to expand from US$ 348 billion to just under US$ 1.3 trillion by 2022.
  • The Telecoms Pricing Mobile Payments - 2019 report provides a survey of the development of global Mobile Payments in both emerging and developed markets and the role of the MNO (Mobile Network Operator) in the Mobile Payment arena.
  • The Mobile Payment Services 2019 report examines the growing ecosystem developing around global Mobile Payments - including NFC (Near Field Communications), QR codes, digital wallets, SMS-based money transfer, remittances & alternatives to cash & digital payments (including in-store or remote payments).

CITCON Raises US$5 Million to Power Global Expansion of Mobile Payments

Retrieved on: 
Tuesday, April 16, 2019

"Prior to the investment, East West Bank and CITCON had formed a partnership which gives our business customers access to CITCON's mobile payment solutions.

Key Points: 
  • "Prior to the investment, East West Bank and CITCON had formed a partnership which gives our business customers access to CITCON's mobile payment solutions.
  • We believe the future of commerce will be driven by mobile technologies, and our alliance with CITCON will fuel positive growth opportunities for our customers."
  • CITCON is a cross-border mobile payment and commerce solution leader, enabling merchants to accept QR-based mobile wallets in-store and online on a global scale.
  • On top of payments, CITCON also allows merchants to run marketing and loyalty campaigns through our partner network.

GATE Mobile Wallet Trends Annual Report

Retrieved on: 
Wednesday, March 27, 2019

NEW YORK, March 27, 2019 /PRNewswire/ -- GATE (Global Acceptance Transaction Engine), a virtual card issuing platform solving one of the most significant challenges that alternative payments, banksand e-wallet companies face the universal acceptance of payments across physical, online and mobile channels, released its Mobile Wallet Trends Annual Report.

Key Points: 
  • NEW YORK, March 27, 2019 /PRNewswire/ -- GATE (Global Acceptance Transaction Engine), a virtual card issuing platform solving one of the most significant challenges that alternative payments, banksand e-wallet companies face the universal acceptance of payments across physical, online and mobile channels, released its Mobile Wallet Trends Annual Report.
  • The report highlights trends of both mobile wallet and mobile payment usage across global markets.
  • Worldwide, 2.07 billion consumers will use a mobile wallet to make a purchase in 2019; this is up nearly 30 percent from the 1.6 billion consumers recorded at the end of 2017.
  • A billion of these adults do have access to a mobile phone, though, and are potential customers for mobile wallets.

CITCON and MyCheck Partner to Extend Chinese Mobile Wallet Solution to Hospitality Groups

Retrieved on: 
Monday, October 22, 2018

To equip the hospitality industry with solutions that better serve Chinese tourists, CITCON , the integrated mobile payment and commerce solution leader today announced the integration and partnership with MyCheck, a leading mobile payment technology provider for the hospitality industry.

Key Points: 
  • To equip the hospitality industry with solutions that better serve Chinese tourists, CITCON , the integrated mobile payment and commerce solution leader today announced the integration and partnership with MyCheck, a leading mobile payment technology provider for the hospitality industry.
  • "MyCheck is very happy to be working in partnership with CITCON to bring this solution to hospitality.
  • CITCON is a cross-border mobile payment and commerce solution leader, enabling merchants to accept QR-based mobile wallets in-store and online on a global scale.
  • The MyCheck mobile payment platform is equipping hospitality brands with a secure, fast and engaging digital experience for guests.