Mobile Payments market opportunity

In 2015, the global e-commerce market size was USD1.5 trillion and it is expected to rise to USD4 trillion in 2020. At the same time, card purchase volume was about USD20 trillion in 2015 and will increase to USD55 trillion by the year of 2025. Global payment revenue was USD 1.5 trillion in 2015 and should reach more than 2 trillion in 2020.

According to Boston Consulting Group and Statista payment, industry is about to experience a huge shift towards mobile payments:

• Mobile share of total ecommerce is expected to increase to 48.5% of total e-commerce by 2020 from 23.6% in 2015.
• Proximity (contactless) payment is jumped from near 0 in 2013 to 100 bln in 2016 and expected to reach 800 bln in 2021
• Merchant mobile payment acceptance network will grow 10X by 2020.

Purchase volume and global payment revenues

The payments industry is enormously big. Visa, Mastercard, UnionPay, American Express, JCB, and Discover/Diners Club are the global brand general purpose cards. According to Nilson Report, purchase volume for goods and services by cards with these brands was about $20 trillion in 2015 and expected to reach $55 trillion in 2025

According to McKinsey, global payments revenue market in 2016 size is approximately USD 1.6 trillion and steadily rising. In most cases, global payments revenues include direct and indirect revenues generated by non-cash payment services. Simply speaking, it’s the total revenues collected by financial services companies around the globe.

As shown in the graph, the global payment revenues should reach USD 2.2 trillion over in 2021.