Finland Mobile Payment Market by Age (Generation Z, Millennials, Generation X, and Baby Boomers), by Payment Type (Proximity and Remote), and by Application (Money Transfers, Merchandise Purchases, Bill Payments, Airtime Top-ups, Ticketing, and Others) –

Finland Mobile Payment Market by Age (Generation Z, Millennials, Generation X, and Baby Boomers), by Payment Type (Proximity and Remote), and by Application (Money Transfers, Merchandise Purchases, Bill Payments, Airtime Top-ups, Ticketing, and Others) – Opportunity Analysis and Industry Forecast, 2024–2030


The Finland Mobile Payment Market size was valued at USD 140.8 million in 2023, and is predicted to reach USD 589.3 million by 2030, with a CAGR of 21.5% from 2024 to 2030.

The widespread adoption of smartphones and the expanding accessibility of the internet stand as pivotal drivers propelling the remarkable growth trajectory of the mobile payment market within the country. As smartphones become ubiquitous and internet connectivity proliferates globally, a vast majority of consumers find themselves equipped with the indispensable tools required for engaging in mobile payments. These handheld devices metamorphose into convenient and portable payment terminals, empowering users to seamlessly conduct transactions anytime, anywhere, thereby eliminating the constraints of traditional brick-and-mortar setups.

Simultaneously, the growing accessibility of the internet ensures seamless connectivity, facilitating secure and real-time payment processing, thus further enhancing the appeal and feasibility of mobile payments. With an increasing number of consumers embracing smartphones and gaining access to reliable internet services, the potential user base for mobile payments undergoes a significant expansion, reaching previously untapped demographics and segments of the population. This burgeoning trend not only augments convenience and accessibility for consumers but also serves as a catalyst for merchants to embrace mobile payment solutions, aligning their offerings with the evolving preferences of consumers and thereby fueling the overall growth of the mobile payment market. In summary, the confluence of smartphone adoption and internet accessibility serves as a driving force propelling the mobile payment market into a new era of convenience, efficiency, and widespread adoption within the country.

Also, the surge in cross-border transactions stands as a pivotal catalyst propelling market expansion within the country's mobile payment industry. In an era marked by increasing globalization, businesses and individuals are increasingly engaged in international trade, commerce, and remittance activities. In response to this trend, mobile payment solutions emerge as indispensable tools, offering a trifecta of convenience, cost-effectiveness, and efficiency for conducting cross-border transactions.

Mobile payment platforms play a crucial role in facilitating seamless money transfers and payments across borders, providing users with a convenient alternative to traditional banking channels. With mobile payment platforms increasingly supporting multi-currency transactions and offering competitive exchange rates, users can now transfer funds internationally with unparalleled ease, circumventing the complexities and fees associated with traditional banking intermediaries.

Moreover, the integration of advanced technologies such as blockchain further enhances the security, transparency, and speed of cross-border payments, instilling confidence in users and driving widespread adoption. As cross-border transactions continue to soar in both volume and complexity, mobile payment providers find themselves at the forefront of expanding their global footprint. This expansion not only fuels market growth but also fosters financial inclusion on a global scale, empowering individuals and businesses worldwide to participate in the digital economy seamlessly. In summary, the rise of cross-border transactions represents a significant opportunity for market growth within the mobile payment industry, as mobile payment providers leverage technology to offer seamless and cost-effective solutions for conducting international transactions, thereby driving global financial inclusion and fostering economic empowerment.

However, resistance from traditional financial institutions poses a significant challenge to the growth of the mobile payment market in the country. Established banks and financial entities may view mobile payment solutions as disruptive to their existing business models, leading to reluctance in supporting or promoting these innovative technologies. This resistance stems from concerns about potential revenue cannibalization, regulatory complexities, and the perceived threat of losing control over payment infrastructures. As a result, traditional financial institutions may be hesitant to invest in mobile payment initiatives or collaborate with fintech startups and mobile payment providers, hindering the development and adoption of innovative payment solutions. Overcoming this resistance requires collaboration, regulatory alignment, and education to demonstrate the benefits of mobile payments for both financial institutions and consumers, thereby unlocking the full potential of the mobile payment market.

On the contrary, the emergence of voice-activated mobile payments presents enticing opportunities in the market landscape in the country. These systems empower users to initiate transactions and conduct banking tasks using natural language commands, leveraging virtual assistants such as Amazon Alexa or Google Assistant. This advancement brings unprecedented convenience, enabling users to execute payments hands-free and while on the go. Voice-activated mobile payments streamline the payment process, improving the user experience and enhancing accessibility, particularly for individuals with disabilities or limited mobility. Additionally, they facilitate seamless integration with smart home devices, wearable technology, and IoT ecosystems, broadening the reach and functionality of mobile payment solutions. With ongoing advancements in voice technology, the integration of voice-activated mobile payments into everyday routines presents promising opportunities for innovation, differentiation, and market expansion.

Segment Overview

The Finland mobile payment market industry is segmented based on age, payment type, and application.
Based on age, the market is categorized into generation Z, millennials, generation X, and baby boomers.
Based on payment type, the market is segmented into proximity and remote.
Based on the application, the market is divided into money transfers, merchandise purchases, bill payments, airtime top-ups, ticketing, and others.

Key Market Players

Leading players operating in the Finland mobile payment market include:
• Alphabet, Inc. (Google)
• Alibaba Group Holdings Limited
• Amazon.com, Inc.
• Apple, Inc.
• PayPal Holdings, Inc.
• Visa, Inc.
• Tencent Holdings Limited (WeChat)
• MasterCard International, Inc.
• Samsung Electronics Co. Ltd.
• Block, Inc.

KEY BENEFITS
• The Finland mobile payment market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in the Finland mobile payment market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.


1 Introduction
1.1 Report Description
1.2 Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.4 Forecasting
1.2.5 Primary Research And Data Validation
2 Finland Mobile Payment Market By Age
2.1 Overview
2.2 Generation Z Market
2.3 Millennials Market
2.4 Generation X Market
2.5 Baby Boomers Market
3 Finland Mobile Payment Market By Payment Type
3.1 Overview
3.2 Proximity Market
3.2.1 Near-field Communication (Nfc)
3.2.2 Quick Response (Qr) Code Payments
3.3 Remote Market
3.3.1 Internet Payments
3.3.2 Sms/Direct Carrier Billing
4 Finland Mobile Payment Market By Application
4.1 Overview
4.2 Money Transfers Market
4.3 Merchandise Purchases Market
4.4 Bill Payments Market
4.5 Airtime Top-ups Market
4.6 Ticketing Market
4.7 Others Market
5 Company Profiles
5.1 Alphabet, Inc. (Google)
5.1.1 Company Overview
5.1.2 Company Snapshot
5.1.3 Operating Business Segments
5.1.4 Product Portfolio
5.1.5 Business Performance
5.1.6 Business Segments
5.1.7 Geographic Segments
5.1.8 Key Strategic Moves And Development
5.1.9 Primary Market Competitors
5.2 Alibaba Group Holdings Limited
5.2.1 Company Overview
5.2.2 Company Snapshot
5.2.3 Operating Business Segments
5.2.4 Product Portfolio
5.2.5 Business Performance
5.2.6 Business Segments
5.2.7 Geographic Segments
5.2.8 Key Strategic Moves And Development
5.2.9 Primary Market Competitors
5.3 Amazon.Com, Inc.
5.3.1 Company Overview
5.3.2 Company Snapshot
5.3.3 Operating Business Segments
5.3.4 Product Portfolio
5.3.5 Business Performance
5.3.6 Business Segments
5.3.7 Geographic Segments
5.3.8 Key Strategic Moves And Development
5.3.9 Primary Market Competitors
5.4 Apple, Inc.
5.4.1 Company Overview
5.4.2 Company Snapshot
5.4.3 Operating Business Segments
5.4.4 Product Portfolio
5.4.5 Business Performance
5.4.6 Business Segments
5.4.7 Geographic Segments
5.4.8 Key Strategic Moves And Development
5.4.9 Primary Market Competitors
5.5 Paypal Holdings, Inc.
5.5.1 Company Overview
5.5.2 Company Snapshot
5.5.3 Operating Business Segments
5.5.4 Product Portfolio
5.5.5 Business Performance
5.5.6 Business Segments
5.5.7 Geographic Segments
5.5.8 Key Strategic Moves And Development
5.5.9 Primary Market Competitors
5.6 Visa, Inc.
5.6.1 Company Overview
5.6.2 Company Snapshot
5.6.3 Operating Business Segments
5.6.4 Product Portfolio
5.6.5 Business Performance
5.6.6 Business Segments
5.6.7 Geographic Segments
5.6.8 Key Strategic Moves And Development
5.6.9 Primary Market Competitors
5.7 Tencent Holdings Limited (Wechat)
5.7.1 Company Overview
5.7.2 Company Snapshot
5.7.3 Operating Business Segments
5.7.4 Product Portfolio
5.7.5 Business Performance
5.7.6 Business Segments
5.7.7 Geographic Segments
5.7.8 Key Strategic Moves And Development
5.7.9 Primary Market Competitors
5.8 Mastercard International, Inc.
5.8.1 Company Overview
5.8.2 Company Snapshot
5.8.3 Operating Business Segments
5.8.4 Product Portfolio
5.8.5 Business Performance
5.8.6 Business Segments
5.8.7 Geographic Segments
5.8.8 Key Strategic Moves And Development
5.8.9 Primary Market Competitors
5.9 Samsung Electronics Co. Ltd.
5.9.1 Company Overview
5.9.2 Company Snapshot
5.9.3 Operating Business Segments
5.9.4 Product Portfolio
5.9.5 Business Performance
5.9.6 Business Segments
5.9.7 Geographic Segments
5.9.8 Key Strategic Moves And Development
5.9.9 Primary Market Competitors
5.10 Block, Inc.
5.10.1 Company Overview
5.10.2 Company Snapshot
5.10.3 Operating Business Segments
5.10.4 Product Portfolio
5.10.5 Business Performance
5.10.6 Business Segments
5.10.7 Geographic Segments
5.10.8 Key Strategic Moves And Development
5.10.9 Primary Market Competitors

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings