Australia Mobile Payment Market - Growth, Trends, COVID -19 Impact, and Forecasts (2022 - 2027)
The Australian mobile payments market is expected to grow at a CAGR of 12.5% over the forecast period (2022 - 2027). The stores and services in Australia are rapidly adopting mobile payment applications, such as PayPal, Samsung Pay, and Apple Pay to accept and transfer payments. With increasing internet adoption and rapid growth in online retailing, this trend is expected to continue over the forecast period.
Key HighlightsThe Australia mobile payments market is moderately fragmented, portraying intense competition among the companies offering services. Several communication companies are offering integration with their existing apps to make payments using smartphones. Telecom operators are also looking forward to entering the space with their unique offerings.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook