The transaction value is forecast to experience significant growth in all regions in 2028. From the selected regions, the ranking by transaction value in the 'Mobile POS Payments' segment of the fintech market is forecast to be lead by South America with 150.8 billion U.S. dollars. In contrast, the ranking is trailed by Central America with 36.9 billion U.S. dollars, recording a difference of 113.9 billion U.S. dollars to South America.
Data provided by Statista Market Insights are estimates.
Definition:
The Mobile POS Payments market refers to transactions made on mobile devices, such as smartphones or tablets, to process transactions at the point of sale. The payment in this case is made by a contactless interaction of the smartphone app with a suitable payment terminal belonging to the merchant. The data transfer is made via wireless standard NFC (Near Field Communication) or by scanning a QR code to initiate the payment. Users pay for a purchase via a mobile wallet application by triggering an online bank transfer or by using a digitally stored credit or debit card (Host Card Emulation). mPoS payments are becoming increasingly popular as they allow businesses to offer more flexible and convenient payment options for customers, and can also help to reduce costs and improve efficiency. Additionally, mPoS payments can also provide businesses with valuable data and insights into customer behavior and purchasing habits.
Additional Information:
Key players in this market are ApplePay, Google Wallet and Samsung Pay.
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Statista Digital Market Insights. (January 22, 2024). Transaction value of mobile POS payments in Latin America from 2020 to 2028, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/forecasts/1231723/mobile-pos-payment-transaction-value-by-region-latin-america
Statista Digital Market Insights. "Transaction value of mobile POS payments in Latin America from 2020 to 2028, by region (in million U.S. dollars)." Chart. January 22, 2024. Statista. Accessed November 09, 2024. https://www.statista.com/forecasts/1231723/mobile-pos-payment-transaction-value-by-region-latin-america
Statista Digital Market Insights. (2024). Transaction value of mobile POS payments in Latin America from 2020 to 2028, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/forecasts/1231723/mobile-pos-payment-transaction-value-by-region-latin-america
Statista Digital Market Insights. "Transaction Value of Mobile Pos Payments in Latin America from 2020 to 2028, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1231723/mobile-pos-payment-transaction-value-by-region-latin-america
Statista Digital Market Insights, Transaction value of mobile POS payments in Latin America from 2020 to 2028, by region (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1231723/mobile-pos-payment-transaction-value-by-region-latin-america (last visited November 09, 2024)
Transaction value of mobile POS payments in Latin America from 2020 to 2028, by region (in million U.S. dollars) [Graph], Statista Digital Market Insights, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1231723/mobile-pos-payment-transaction-value-by-region-latin-america
