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Mexico Mobile Wallet and Payment Market Opportunities Databook 2019: Mobile Commerce, International Remittance, P2P transfer, Bill Payment, & Retail Spend - ResearchAndMarkets.com

May 28, 2019

DUBLIN--(BUSINESS WIRE)--May 28, 2019--

The “Mexico Mobile Wallet and Payment Market Opportunities (Databook Series) - Market Size and Forecast across 45+ Market Segments” report has been added to ResearchAndMarkets.com’s offering.

The mobile payment industry in Mexico is expected to record a CAGR of 16.5% to reach US$ 98,961.9 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 15.5% during 2018-2025.

Cash plays a major role in the economy of Mexico. Any type of business holder is bound to accept payments in cash, as it becomes a necessity considering the consumer payment preference. The cash share of Mexico is nearly 30%, which is higher than the Brazil (cash share around 25%). Major e-commerce players such as Amazon have been working through a payment model that enables consumers to partially or fully pay through cash.

However, payment through mobile devices and wallets is gaining momentum. Over the next five years, Mexican mobile payment market is expected to post strong growth, driven by entry of global players and supported by changing consumer behavior. Government initiatives are also expected to be a key growth driver.

This report provides a comprehensive view on mobile payment/mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in Mexico. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks.

It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues in Mexico.

Report Scope

This report provides in-depth market opportunity analysis and growth dynamics of mobile payment industry in Mexico. Below is a summary of key market segments:

Market Size and Forecast

Mobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs - mobile payment transaction value, volume and average transaction value.

Mexico Market Share of Key Mobile Wallet Companies

Provides market share by key players in value terms.

Mexico Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies:

Mobile Wallet Usage Analysis by Consumer Profile: Drawing from proprietary survey results, this report identifies and interprets key mobile payment KPIs, including spend by age, gender, and income level in both value and volume terms.

Retail Spend Analysis through Mobile Wallet: Breaks down retail spend across 10 categories to provide detailed insights on consumer behaviour and changing dynamics of spend through mobile wallet. Retail spend categories tracked include food and grocery, health & beauty, apparel and footwear, books/music/video, consumer electronics, pharmacy and wellness, restaurants & bars, toys, kids & babies, media and entertainment, services

Market opportunity and growth dynamics in retail shopping by mobile payment transaction value, volume and average transaction value across following segments in Mexico

Market opportunity and growth dynamics by mobile payment transaction value, volume and average transaction value across following mobile travel booking segments in Mexico

Market opportunity and growth dynamics by mobile payment transaction value, volume and average transaction value across the following domestic and international remittance segments in Mexico

Market opportunity and growth dynamics by mobile payment transaction value, volume and average transaction value across the following mobile recharge and bill payment segments in Mexico

Market opportunity and growth dynamics by mobile payment transaction value, volume and average transaction value across the following financial services segments in Mexico

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/yqfsbn

View source version on businesswire.com:https://www.businesswire.com/news/home/20190528005629/en/

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Related Topics:M-Commerce,Bank Cards,Mobile and Contactless Payments

KEYWORD: MEXICO CENTRAL AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/28/2019 12:32 PM/DISC: 05/28/2019 12:32 PM

http://www.businesswire.com/news/home/20190528005629/en

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