United States Mobile Payments Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
United States mobile payments market is expected to register a CAGR of 13.4% during the period 2022-2027. Some of the primary factors driving the growth of this market in the region are the rise of the prevalence of mobile devices, open banking, and digital currency. Some changes in digital adoption in 2020 and 2021 appear to be linked to the COVID-19 epidemic and may be temporary.
Key HighlightsUnited States mobile payments market is moderately competitive with the presence of market players such as PayPal Payments Private Limited, Apple Pay, Samsung Pay, Google Pay, Chase Pay, and a few others. The companies are introducing new offerings and continuously investing in making partnerships and acquisitions along with product development to increase the market share.
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