Global Mobile Payment Market Report, Trends and Forecast

The global mobile payment market was worth US$ 715 Billion in 2017. Mobile payment is defined as a transfer of funds done under financial regulations with the help of a mobile device. The first patent on the mobile payment technology was filed in 2000 and it has been growing ever since. A major factor that is influencing the market and making mobile payment popular among consumers is the assurance of safety that it provides in the transactions.