The fintech services they have grown significantly in recent years, allowing banking and payment services to become more accessible and without losing quality. However, there are many unanswered questions about these companies.
The study Statistical «Mobile Payments II: The business models behind mobile payments» has analyzed several of the big players in this sector, such as: PayPal, Amazon, Apple, Google, Ant Group and Samsung. With special emphasis on its solutions for paying via mobile, as they are becoming the preferred payment method for consumers.
Mobile payment methods for consumers
The six companies featured in this report represent almost half of the mobile payment market.
Statista has estimated that more than 4 billion people will use one of these six payment methods in 2021, with Alipay, Apple Pay and Google Pay being the most used.
In the report that the analysis company has carried out, data appears that are difficult to find, for example, to know the number of users of PayPal have been set on active accounts in the first quarter of 2022, which was 429 million. For ApplePaythe venture capital firm Loup Ventures, estimated the number of users of 507 million in 2020.
alipay It is one of the brands with the most users, because in China mobile payments have a high penetration rate. In the online channel it accounts for 57% of payments and in offline it is 43%.
The marketing communications agency Wunderman Thompson concluded in a study that mobile payments had caused a great impact on the purchasing habits of consumers. 60% of consumers surveyed worldwide said they like cashless payments. While the consultant capgemini saw that the use of all cashless payments will increase and offline stores will have to include them among their payment method offerings.
Mobile payments begin to lead the sector
Visa is number 1 in the world in terms of total volume of payments processed. However, other of the two big companies that have always been in the top ranks are Mastercard and American Express, which are now out of the top three. Now, those positions are occupied by Apple Pay and Alipay, two mobile payment methods.
According to analysts at Statista, the smallest players in the market today are PayPal, Amazon Pay and Samsung Pay.
