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The Europe mobile payment market size is projected to grow at a CAGR of 20.4% between 2024 and 2032. The market is being aided by the expansion of the e-commerce sector in the region.
The European Payments Initiative (EPI) introduced a pilot project, which facilitates instant money transfer between individuals digitally. In response to the rising predominance of the US dollar, this project was implemented, firstly in Germany and France. The commercial launch of this system is anticipated in many European countries (including Belgium) in 2024. Moreover, with the acquisition of Currence iDEAL (based in the Netherlands) and Payconiq International (PQI), the system is expected to receive substantial technological expertise. This is expected to drive the switch towards digital payments across Europe, which can lead to the Europe mobile payment market expansion.
The expansion of the e-commerce sector in Europe has emerged as one of the key Europe mobile payment market trends. An increasing number of consumers are shifting towards the usage of their smartphones for placing orders and tracking their delivery status. Over 60% of mobile phone users in Europe are expected to rely on digital wallets for purchasing goods online.
The increased convenience and safety associated with mobile payments are accelerating the adoption of mobile payments, where over 80% of people actively use the internet. The simplification of a user interface for making mobile payments is increasing its appeal among the older generations, which is further expected to propel the market growth.
Europe Mobile Payment Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
Market Breakup by Payment Type
Market Breakup by Location
Market Breakup by End Use
Market Breakup by Country
The key Europe mobile payment market players are Alphabet Inc., Samsung Electronics Co. Ltd., Amazon.com Inc., PayPal Holdings Inc., Apple Inc., Block, Inc., Elavon Inc. (Opayo), Stripe Inc., MoneyGram International, Inc., Visa Inc., and Mastercard Inc., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Technology |
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Breakup by Payment Type |
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Breakup by Location |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Mobile Payment Market Overview
8.1 Key Industry Highlights
8.2 Global Mobile Payment Historical Market (2018-2023)
8.3 Global Mobile Payment Market Forecast (2024-2032)
8.4 Global Mobile Payment Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Mobile Payment Market Overview
9.1 Key Industry Highlights
9.2 Europe Mobile Payment Historical Market (2018-2023)
9.3 Europe Mobile Payment Market Forecast (2024-2032)
10 Europe Mobile Payment Market by Technology
10.1 Direct Mobile Billing
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Near Field Communication
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Mobile Web Payment
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 SMS
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Mobile Application
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Europe Mobile Payment Market by Payment Type
11.1 B2B
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 B2C
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 B2G
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Europe Mobile Payment Market by Location
12.1 Remote Payment
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Proximity Payment
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Europe Mobile Payment Market by End Use
13.1 BFSI
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Healthcare
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 IT and Telecom
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Media and Entertainment
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Retail and E-Commerce
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Transportation
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Others
14 Europe Mobile Payment Market by Country
14.1 Germany
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 United Kingdom
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 France
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Italy
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Alphabet Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Samsung Electronics Co. Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Amazon.com Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 PayPal Holdings Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Apple Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Block, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Elavon Inc. (Opayo)
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Stripe Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 MoneyGram International, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Visa Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Mastercard Inc.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Mobile Payment Market: Key Industry Highlights, 2018 and 2032
2. Europe Mobile Payment Market: Key Industry Highlights, 2018 and 2032
3. Europe Mobile Payment Historical Market: Breakup by Technology (USD Million), 2018-2023
4. Europe Mobile Payment Market Forecast: Breakup by Technology (USD Million), 2024-2032
5. Europe Mobile Payment Historical Market: Breakup by Payment Type (USD Million), 2018-2023
6. Europe Mobile Payment Market Forecast: Breakup by Payment Type (USD Million), 2024-2032
7. Europe Mobile Payment Historical Market: Breakup by Location (USD Million), 2018-2023
8. Europe Mobile Payment Market Forecast: Breakup by Location (USD Million), 2024-2032
9. Europe Mobile Payment Historical Market: Breakup by End Use (USD Million), 2018-2023
10. Europe Mobile Payment Market Forecast: Breakup by End Use (USD Million), 2024-2032
11. Europe Mobile Payment Historical Market: Breakup by Country (USD Million), 2018-2023
12. Europe Mobile Payment Market Forecast: Breakup by Country (USD Million), 2024-2032
13. Europe Mobile Payment Market Structure
The market is projected to grow at a CAGR of 20.4% between 2024 and 2032.
The different technologies used for mobile payment include direct mobile billing, near field communication, mobile web payment, SMS, and mobile application, among others.
The different payment types in the market include B2B, B2C, and B2G.
The major countries in the market include Germany, the United Kingdom, France, and Italy, among others.
The key market players are Alphabet Inc., Samsung Electronics Co. Ltd., Amazon.com Inc., PayPal Holdings Inc., Apple Inc., Block, Inc., Elavon Inc. (Opayo), Stripe Inc., MoneyGram International, Inc., and Visa Inc., Mastercard Inc., among others.
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