PORTLAND, OREGON, USA, January 19, 2022 /EINPresswire.com/ — Allied Market Research released a report titled “Mobile payment market in Vietnam by type (proximity payment and remote payment), transaction mode (short message service, wireless application protocol and near field communication), end user (personal and professional), application (hospitality and tourism, media and entertainment, retail, healthcare, energy and utilities, IT and telecommunications, and others) and type of purchase (airtime transfer and recharges, money transfers and payments, merchandise and coupons, travel and ticketing, and others): opportunity analysis and industry forecast, 2020–2027.”
The adoption of mobile payments has increased in Vietnam over time, due to the increased adoption of smartphones, contactless payment cards and the ease of transactions compared to traditional banks. Additionally, various retailers across the country have adopted mobile payments to provide an improved customer experience and to increase adoption of mobile payments across the country. Also, advancements in technology and increased consumer awareness of contactless payments may lead to rapid growth over the forecast period. Furthermore, the rise in the adoption of Near Field Communication (NFC) technology in various industries such as transportation and entertainment is expected to provide a lucrative opportunity for the market.
The report provides a detailed analysis of major market players operating in the global Vietnam mobile payments market. The major market players analyzed in the report are Movi, M_Service, National Payment Corporation of Vietnam (NAPAS), NganLuong.vn, OnePAY, Orange, PayPal Holdings, Inc., SohaPay Electronic Payment Tool, VietUnion Online Services Corporation (Payoo) and VNG Corp.
The major players have adopted various strategies such as new product launches, partnerships, joint ventures, mergers and acquisitions, collaborations, expansion and others to achieve sustainable growth and brand themselves internationally.
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The report offers a detailed analysis of changing Vietnam Mobile Payments market dynamics, key segments, competitive landscape, major investment pockets, and investment feasibility. This data and statistics will be a valuable source of guidance for startups, stakeholders, major market players and investors to have useful market insights and implement the necessary.
Main benefits for stakeholders
• This study includes an analytical description of the global Vietnam Mobile Payments market size along with current trends and future estimates to outline the impending investment pockets.
• Global analysis of the mobile payment market in Vietnam is determined to understand the profitable trends to establish a stronger foothold.
• The report presents information related to key drivers, restraints and opportunities with detailed impact analysis.
• Current Vietnam mobile payment market forecast is quantitatively analyzed from 2020 to 2027 to assess financial proficiency.
• Porter’s Five Forces analysis illustrates buyer power and Vietnam’s mobile payments market share of major vendors.
• The report includes electrical cable market trends and market share of major vendors.
The research provides in-depth analysis of drivers, restraints, and opportunities for the global Vietnam mobile payments market growth. This information is useful in determining other strategies and exploiting sustainable growth opportunities. This information and their in-depth explanations will also help in knowing the driving forces and adopting strategies to achieve growth. Additionally, market players, investors, and new entrants can adopt this information to identify market potential and gain competitive advantage.
The report provides information on the impact of the Covid-19 pandemic on the size of the global mobile payments market in Vietnam. This information would help improvise strategies to deal with the impact. Additionally, market players can reassess their strategies and mitigate the impact caused by disrupted manufacturing processes, supply chain, and lack of labor availability. Investors can adapt their strategies and determine the feasibility of the investment based on the changing scenario.
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The report offers comprehensive segmentation of the global Vietnam mobile payments market share based on type, applications, end-users, and region. A detailed analysis of each segment and sub-segment is provided in the report using tabular and graphical formats. This analysis is a valuable source of information for determining the most revenue-generating and fastest-growing segments. Moreover, this information will guide the adoption of various strategies to achieve growth during the forecast period.
The research provides extensive competitive scenario of Global Vietnam Mobile Payments Market for different regions and respective countries. Data and information on these regions and countries are valuable in determining strategies and exploring market potential. AMR also provides the customization services for specific region, country and segment based on requirement.
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Key market segments
• ON DEMAND
o Hospitality & Tourism
o Media and Entertainment
o Energy and utilities
o IT & Telecommunications
• BY TYPE OF PURCHASE
o Airtime transfer and recharges
o Money transfers and payments
o Merchandise and Coupons
o Travel & Ticketing
• BY THE END USER
• BY METHOD OF TRANSACTION
o Short message service
o Wireless application protocol
o Near field communication
• BY TYPE
o PROXIMITY PAYMENT
o REMOTE PAYMENT
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of market research reports and Business Intelligence solutions. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market