Market Share of Europe Mobile Payments Industry
The Europe Mobile Payment Market is highly competitive, and local startups are trying to disrupt the payment industry using the latest technology. Major global e-wallets like PayPal, Apple Pay, and Google Wallet have a solid European footprint. But many home-grown European startups have risen up fast to take on these global players.
- January 2022 - Adyen payments platforms rolled out POS terminals in UK and EU. The service was first used by Palisis, the tourism and transportation solutions firm, and Immfly, the in-flight digital services provider. After adopting these terminals, Palisis and Immfly customer experience was enhanced as it increased mobility, functionality, and convenience. Adyen's infrastructure connects directly to Visa, Mastercard, and consumers' preferred payment methods.
- December 2022 - Paypal collaborated with crypto wallet MetaMask. The partnership will elevate PayPal to the next level, enabling a quicker and more effective cryptocurrency buying experience.
- July 2022 - Revolut partnered with Stripe for payment processing in UK and Europe. The partnership will help Revolut improve its payments business as it plans to expand across nationwide and internationally. It is already present in 10 European countries and introduced its app in Srilanka.
- May 2022 - The Big Issue Group (TBIG) launched Tap to Pay systems at the vendor's outlets with the help of Zettle by Paypal card reader. This will allow retailers to directly accept contactless in-person payments using their Android mobile devices without additional hardware or fees. TBIG has plans to transit all 1500 vendors toward the cashless option.
Europe Mobile Payments Market Leaders
Google Pay
Apple Pay
Amazon Pay
Paypal
Samsung Pay
*Disclaimer: Major Players sorted in no particular order
