Mobile Payment Market Size Is Anticipated To Reach USD 587.52 Billion By 2030
San Francisco, 26 May 2022: The Report Mobile Payment Market Size, Share & Trends Analysis Report By Technology (Near Field Communication, Direct Mobile Billing), By Payment Type (B2B, B2C, B2G), By Location, By End Use, By Region, And Segment Forecasts, 2022 - 2030 The global mobile payment market size is expected to reach USD 587.52 billion by 2030, expanding at a CAGR of 35.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing shift toward contactless payment amid the COVID-19 pandemic. Moreover, the increasing popularity of the e-commerce industry across the globe is expected to accelerate the adoption of mobile payment over the forecast period. The traditional payment market is witnessing a technological transformation, which is primarily disrupting legacy business models. The market for mobile payment is expected to revolutionize how customers make payments as it merges technological innovations