Mobile Payments Market to Gain Lucrative Growth in the Upcoming Future 2017-2022

Global mobile payment market is expected to witness rapid growth over the forecast period owing to increase in demand for easy financial solution used for money transfer. The ease of financial transaction for mobile users in distant location is presumed to contribute for the growth in this industry. Mobile money is supporting those individuals who do not have bank account thus is expected to become very popular in the coming years. Mobile payment know as mobile money, mobile wallet and some time as mobile money transfer is a payment services portal that operates under financial regulation .The transaction is performed through a mobile device. Instead of payment with credit cards, cheque and cash ,mobile phone is used by consumers as a mode for payment in wide range of hard or digital goods and services,