Global Online Mobile Recharge Platform Market Overview:
An online mobile recharge is when a mobile subscriber recharges his prepaid account without using a pin or scratch card. For mobile service providers, things have become hypercompetitive in a quickly changing market. Various cell phone recharge methods let the prepaid mobile business reach its full potential. They aid service providers in analysing, shaping, and controlling their prepaid operations. They offer a sophisticated and comprehensive prepaid account management solution to mobile service providers. Across the globe, the retail payments business is seeing tremendous technical improvements. Due to advancements in the telecom business and the growth of online banking or online payment technologies, the retail industry has seen the introduction of updated recharge and billing technology.
|Unit||Value (USD Million)|
|Key Companies Profiled||Amazon Pay (United States), Alipay (China), Google Pay (India), Samsung Pay (South Korea), PhonePe (India), Paytm (India), PayZapp (HDFC Bank) (India), ICICI Pockets (ICICI Bank) (India), Etisalat Wallet (United Arab Emirates) and WePay (United States)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- Increased Demand due to Growing Number of Smartphone Users
- Growing Adoption of Online Payments across the World
- Stringent Government Regulations for Online Recharge
- Rise in Mobile Data Service Providers in Developing Economies around the World
- Adoption of Government Initiatives in Several Countries that Emphasize on Enabling Digital Payments
- High Risk of Cybercrime
- Delay in Payments and Non-Credit of Money can hamper the Market Growth
The demand for online mobile recharge platform is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Samsung Pay, Paytm, Amazon and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders such as Samsung Pay, Paytm, Amazon demonstrate a market-defining vision of how online mobile recharge platform can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Amazon Pay (United States), Alipay (China), Google Pay (India), Samsung Pay (South Korea), PhonePe (India), Paytm (India), PayZapp (HDFC Bank) (India), ICICI Pockets (ICICI Bank) (India), Etisalat Wallet (United Arab Emirates) and WePay (United States). Additionally, following companies can also be profiled that are part of our coverage like Ezetop (Ireland), Recharge.com (Netherland), Reloadly (Spain) and OPay (Nigeria). Analyst at AMA Research see India Players to retain maximum share of Global Online Mobile Recharge Platform market by 2027. Considering Market by Service, the sub-segment i.e. Prepaid Mobile Recharge will boost the Online Mobile Recharge Platform market.
What Can be Explored with the Online Mobile Recharge Platform Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Online Mobile Recharge Platform Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Online Mobile Recharge Platform
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Mobile Recharge Platform market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Mobile Recharge Platform market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Government & Regulatory Bodies, End-use industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Online Mobile Recharge Platform Market?
The Online Mobile Recharge Platform market is expected to see a CAGR of % during projected year 2021 to 2027.
2. Who are the top performing companies in Online Mobile Recharge Platform Market?
Top performing companies in the Global Online Mobile Recharge Platform market are Amazon Pay (United States), Alipay (China), Google Pay (India), Samsung Pay (South Korea), PhonePe (India), Paytm (India), PayZapp (HDFC Bank) (India), ICICI Pockets (ICICI Bank) (India), Etisalat Wallet (United Arab Emirates) and WePay (United States), to name a few.
3. What trending factors would impact Online Mobile Recharge Platform Market growth most?
"Increasing Adoption of Multi-SIM Card Connections
" is seen as one of major influencing trends for Online Mobile Recharge Platform Market during projected period 2021-2027.