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Yahoo
08-07-2025
- Business
- Yahoo
Convenience Service Research Report 2025-2030 Featuring Key Players - Canteen Vending Services, Aramark Refreshment Services, and 365 Retail Markets
The Convenience Services Market, valued at USD 28.20 billion in 2024, is projected to reach USD 42.20 billion by 2030, achieving a CAGR of 6.95%. This growth is driven by the rising demand for contactless payment systems, observed in 85% of North American consumers. Major brands like Starbucks and McDonald's exemplify this trend, reporting substantial increases in contactless transaction volumes. Enhanced food service offerings also contribute to market dynamics, with customizable and healthier options driving sales. North America leads market dominance, while APAC's urbanization fuels further growth. Leading companies leverage AI and logistics optimization to meet evolving consumer expectations in this competitive landscape. Convenience Service Market Dublin, July 08, 2025 (GLOBE NEWSWIRE) -- The "Convenience Service Market Research Report 2025-2030" report has been added to Convenience Service Market was valued at USD 28.20 billion in 2024, and is projected to reach USD 42.20 billion by 2030, rising at a CAGR of 6.95%. The global convenience services market has evolved into a highly competitive and moderately fragmented landscape, shaped by a diverse mix of established service aggregators, innovative digital platforms, and nimble hyperlocal startups. This intensifying competition is fueled by rapid urbanization, shifting consumer behaviors, and an increasing demand for on-demand, contactless services across a broad range of categories, including food delivery, laundry, personal care, home repairs, and parcel management. The convenience of accessing multiple essential services quickly and efficiently has become a key driver, prompting companies to continuously innovate and diversify their offerings. Leading players in the global convenience services market such as Canteen Vending Services, Aramark Refreshment Services, and 365 Retail Markets have strengthened their market positions by leveraging advanced technologies like AI for customer behavior analysis, optimizing their last-mile logistics, and broadening their service portfolios to meet evolving consumer expectations. Moreover, the global convenience services market is in a dynamic phase of evolution, marked by rapid growth, technological innovation, and changing consumer expectations. The competitive landscape is shaped by a diverse set of players - from industry giants with extensive resources to nimble startups with localized focus - each adopting unique strategies to capture market established companies leverage scale, AI, and service diversification to lead, regional and niche providers capitalize on hyperlocal expertise and personalized experiences to compete effectively. However, the surge of small-scale entrants and fragmented service standards presents ongoing challenges that could hinder market consolidation and consistent ahead, success in the convenience services market will depend on a company's ability to innovate technologically, optimize logistics, ensure reliable service quality, and adapt rapidly to evolving consumer preferences. Those who can integrate advanced AI-driven insights, develop strategic partnerships, and offer sustainable, customer-centric solutions will dominate the future landscape of convenience SERVICES MARKET TRENDS & DRIVERS Rising Consumer Preference for Contactless Payment in Convenience ServicesThe convenience services market is experiencing a profound shift driven by consumers' increasing preference for fast, hygienic, and frictionless payment options. Accelerated by the post-pandemic demand for minimal contact transactions and the widespread adoption of mobile wallets and NFC technology, contactless payments have become a central feature of self-service environments such as vending machines, kiosks, and unattended retail 2024, 85% of consumers in North America reported preferring contactless payment options at convenience service points like vending machines, self-service kiosks, and food and beverage stations. This shift is largely attributed to heightened hygiene concerns, faster transaction speeds, and the seamless integration of mobile wallets such as Apple Pay, Google Pay, and Samsung brands and retail chains are rapidly adapting to this trend. Starbucks, for instance, experienced a 50% increase in contactless payment usage in 2023 across its 15,000 U.S. locations, particularly during peak hours, improving transaction efficiency and reducing wait times. Similarly, McDonald's reported that by the end of 2023, over 60% of transactions at select North American locations were conducted through mobile wallets, enhancing customer convenience while supporting operational trend extends beyond North America. In the European Union, countries such as the UK, France, and Germany witnessed 70% of all retail payments made via contactless methods in 2023, reflecting a 15% year-over-year growth. In Japan, by 2024, more than 90% of vending machines in Tokyo and Osaka now support contactless payments, with regional payment systems like Suica and Pasmo cards driving this transition in high-footfall urban rapid adoption of contactless payments in the convenience services market is fundamentally reshaping consumer expectations and operational strategies. Backed by proven efficiencies in transaction speed, enhanced hygiene, and growing integration with mobile wallets, this trend is set to remain a cornerstone of convenience service operations globally. As businesses invest in smart, contact-free payment infrastructure, the market will continue evolving toward faster, safer, and more seamless service Food Service Offerings in the Convenience Services MarketThe convenience services market is undergoing a major transformation as consumer expectations evolve beyond basic grab-and-go items. Modern consumers increasingly seek quality, variety, and customization in their food choices, even in traditionally fast, transactional retail environments. To meet this demand and drive higher in-store traffic and transaction values, convenience retailers are significantly enhancing their food service offerings - from fresh, made-to-order meals to healthier, premium of the most noticeable trends is the widespread adoption of customizable food options via digital touchpoints. For example, 7-Eleven introduced a feature within its app that allows customers to personalize their hot and cold sandwich orders. This initiative has successfully increased in-store transaction values by 10-15% per visit, with consumers showing a clear willingness to pay extra for freshly made, customizable Casey's General Stores reported a strong performance in its food service division, with prepared food and dispensed beverage same-store sales rising by 4.7% year-over-year. This growth can be attributed to Casey's focused strategy of offering premium, freshly made items like pizza and sandwiches, which have become core traffic drivers for its retailers are also forming strategic partnerships with well-known food and beverage brands to elevate their offerings. Circle K's collaboration with Keurig Dr Pepper introduced luxury specialty coffee beverages and fresh-baked bread, resulting in a 20% increase in beverage sales and significant growth in morning foot traffic - demonstrating the value of premium, branded options in boosting both sales and customer as health-conscious consumer behavior becomes mainstream, many convenience stores are responding with nutritious, on-the-go options. QuikTrip, for instance, has expanded its menu to include fresh fruit cups, salads, and gluten-free snacks. This health-focused approach is paying off, with sales in this category seeing 30% year-over-year growth, capturing a valuable demographic often underserved by traditional convenience modernization of food service offerings is redefining the role of convenience stores in the retail landscape. By embracing customization, premium partnerships, and health-centric options, convenience retailers are not only improving transaction values but also reshaping consumer perceptions of convenience retail. As competition intensifies, those investing in diverse, high-quality, and health-conscious food service programs will be best positioned to capture evolving customer preferences and maintain long-term growth in the convenience services market. GEOGRAPHICAL ANALYSISNorth America has become the dominant geography in the global convenience services market, driven by high consumer demand for innovative and technology-enabled convenience solutions. The United States and Canada lead this growth, supported by the widespread adoption of contactless payments, on-demand delivery services, and smart vending machines across urban centers, corporate offices, and transportation hubs. In the U.S., convenience retailers have heavily invested in digital platforms and mobile apps to enhance customer experience, streamline transactions, and expand delivery options. Strong infrastructure, high smartphone penetration, and changing consumer lifestyles focused on speed and convenience have solidified North America's leading position in the global convenience services market. This region continues to drive innovation and set trends that influence global convenience retail rapid urbanization is one of the primary drivers for the growth of the convenience services market in the region. As cities expand, there is an increased demand for efficient, scalable services, which are facilitated by advanced technologies such as AI, IoT, and automation. Also, the adoption of smart technologies like AI, IoT, and big data analytics is accelerating across various industries in APAC, including transportation, retail, and urban development. These technologies help optimize convenience service delivery, creating better customer experiences and improved operational Europe's strong commitment to environmental sustainability and green energy initiatives is fueling demand for eco-friendly convenience services. Businesses are increasingly adopting sustainable practices, such as electric vehicle fleets, energy-efficient solutions, and waste management services, to align with the region's environmental goals. The region continues to experience urbanization, particularly in large cities, leading to an increased need for efficient, accessible, and scalable convenience services and supporting the convenience services market growth. As urban populations grow, there is a heightened demand for services that simplify daily activities, such as mobility solutions, smart homes, and on-demand retail services. KEY QUESTIONS ANSWERED How big is the global convenience services market? What is the growth rate of the global convenience services market? Which region dominates the global convenience services market share? What are the significant trends in the global convenience services market? Who are the key players in the global convenience services market? Key Attributes: Report Attribute Details No. of Pages 170 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $28.2 Billion Forecasted Market Value (USD) by 2030 $42.2 Billion Compound Annual Growth Rate 6.9% Regions Covered Global Market Opportunities & Trends Increased Adoption of Convenience Service Across Multifunctional Use Cases. Rising Consumer Preference for Contactless Payment in Convenience Services. Rising Number of Smart Cities and Smart Infrastructure in Convenience Services. Invention of Self-Service Technologies in Convenience Services. Market Growth Enablers Rising Demand for Customized Convenience Services. User-Friendly Services in the Convenience Market. Enhanced Food Service Offerings in the Convenience Market. Expansion of Online Ordering and Delivery Services. Market Restraints High Operational Costs in Convenience Services. Consumer Privacy Concerns in Convenience Services Market. Intense Competition for Convenience Service Market. Regulatory and Compliance Challenges. Key Company Profiles Canteen Vending Services Aramark Refreshment Services 365 Retail Markets Cantaloupe Inc. Vistar USConnectMe First Class Vending Five Star Breaktime Solutions Other Prominent Company Profiles Three Square Market Parlevel Systems Sandstar Shekel Brainweigh Selecta Group Crane Merchandising Systems Nayax Ltd Seaga Manufacturing Inc VendNet USA Betson Enterprises Royal Vendors Inc. Azkoyen Group Bianchi Vending Group Jofemar Corporation SandenVendo America Sielaff GmbH & Co. KG Rheavendors Group Fastcorp Vending LLC U-Select-It Vend-Rite Manufacturing Co Dixie-Narco Crane Co. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Convenience Service Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
23-06-2025
- Business
- Yahoo
Vietnam Mobile Payments Market Outlook to 2029: E-Wallet Providers MoMo, ZaloPay, and VNPay Dominate as Vietnam Mobile Payments Landscape Heats Up
The Vietnam Mobile Payments market, valued at USD 40.5 billion, is rapidly growing due to an increase in smartphone (84M users) and internet usage (78.9M users). Driven by contactless payments, government support, and a strong fintech presence in Hanoi and Ho Chi Minh City, the market is thriving amidst emerging opportunities like cross-border functionalities and public service integrations, despite challenges in digital infrastructure and cybersecurity. Dublin, June 23, 2025 (GLOBE NEWSWIRE) -- The "Vietnam Mobile Payments Market Outlook to 2029" report has been added to Vietnamese Mobile Payments market is valued at USD 40.5 billion, based on a five-year historical analysis. The rapid surge is driven by a strong increase in smartphone penetration, which reached 84 million users, and internet usage, with over 78.9 million active users as of early 2025. The market is also fueled by rising contactless transaction adoption and robust government support for digital financial inclusion, particularly among underserved and Ho Chi Minh City dominate the Vietnam Mobile Payments landscape due to their high urbanization, advanced digital infrastructure, and concentrated presence of fintech startups and banking institutions. These cities also benefit from QR code transaction booms and government-led initiatives, such as smart city programs and financial technology zones, creating an ideal ecosystem for rapid mobile payments adoption and usage at Mobile Payments Market SegmentationBy End Use: The Vietnam mobile payments market is segmented by end use into Personal Use and Business Use. The market under the end use segment is heavily dominated by personal usage. The personal use segment holds the largest market share due to widespread e-wallet adoption, peer-to-peer payments, and retail digital transactions. This growth is catalyzed by smartphone ubiquity, low transaction limits, and ease of app integration across the retail and service Region: The Vietnam mobile payments market is segmented by region into Hanoi, Ho Chi Minh City, Da Nang, Mekong Delta, and holds the largest regional share due to its lead in QR-based transaction volume and value, driven by higher merchant adoption and early government investment in fintech infrastructure. Ho Chi Minh City follows closely due to its robust startup ecosystem and dense user base. Da Nang and the Mekong Delta are emerging through mobile money drives and rural inclusion Mobile Payments Market Competitive LandscapeThe Vietnam Mobile Payments market is dominated by strong local e-wallet providers backed by retail integrations, digital loyalty features, and robust consumer adoption. Players like MoMo, ZaloPay, and VNPay lead in transaction volumes and user base, driven by their intuitive user experience and strategic partnerships with merchants. With over 40 active e-wallet platforms operating, the market remains highly competitive, reinforced by cashback incentives, QR-based payments, and integration across super-app Mobile Payments Market Analysis Growth DriversMobile Penetration and Internet Connectivity: Vietnams digital ecosystem is advancing rapidly. As of 2024, the country has 84 million smartphone users and 79.8 million internet users. Mobile broadband access is expanding, particularly in rural areas, improving access to digital services. This widespread smartphone usage is fueling mobile wallet adoption. The government plans 100% 5G mobile coverage to enhance financial access and close the urban-rural digital divide, as per Vietnams Digital Infrastructure Master in Contactless and Cashless Payments: The value of domestic credit transfers reached 48 quadrillion VND in a single quarter. Contactless card usage now accounts for 75% of Visa transactions. The younger population leads this transformation, with 88% of Gen Z and Gen Y users preferring cashless transactions. QR code adoption saw a 106.7% surge in transaction volumes, streamlining merchant operations and enhancing transaction speed and Support for Digital Economy and Inclusion: The Vietnamese governments National Digital Transformation Programme and Financial Inclusion Strategy are boosting mobile payment infrastructure. High-speed internet and 5G will cover 99% of the population. Initiatives like financial inclusion for women entrepreneurs are improving access to mobile banking and creating a wider consumer base for digital payment platforms, ensuring long-term growth in the ChallengesUneven Digital Infrastructure in Remote Regions: Despite national plans, some rural regions still lack consistent mobile connectivity. According to World Bank data, over 30% of rural households face intermittent internet access due to limited telecom infrastructure. This digital divide limits the reach of mobile payment services in less urbanized provinces, impacting merchant onboarding and financial inclusivity in remote and Consumer Trust Issues: Vietnams cybersecurity authority recorded a rise in financial fraud cases related to digital payments, with over 13,900 incidents in a recent year. Many consumers remain skeptical of mobile wallets due to phishing, SMS fraud, and lack of strong consumer protection laws. This skepticism is particularly prevalent among older demographics and low-income groups who are less digitally Mobile Payments Market Future OutlookOver the next 5 years, the Vietnam mobile payments market is expected to witness exponential growth driven by a tech-savvy population, expanding digital infrastructure, and targeted government policies. With active support from the State Bank and implementation of Decree 52, the regulatory environment is now aligned to support e-wallet innovation and intermediary payment service expansion. Regions like Hanoi and Ho Chi Minh City will continue to lead, while rural zones see higher uptake through mobile money services. Companies Profiled Include: MoMo ZaloPay VNPay ShopeePay Viettel Money AirPay Moca (GrabPay) Payoo BIDV SmartBanking TPBank eBanking Techcombank F@st Mobile Vietcombank Mobile MB Bank App Napas Agribank E-Mobile Key Topics Covered: 1. Vietnam Mobile Payment Market Overview1.1. Definition and Scope1.2. Market Taxonomy1.3. Market Growth Rate (Volume of Mobile Transactions, Daily Average Transactions, Urban-Rural Distribution)1.4. Market Segmentation Overview2. Vietnam Mobile Payment Market Size (In Number of Transactions & Value VND Trillion)2.1. Historical Market Size2.2. Year-On-Year Growth Analysis2.3. Key Market Developments and Milestones (Digital Banking Adoption, Mobile Wallet Penetration, Infrastructure Rollout)3. Vietnam Mobile Payment Market Analysis3.1. Growth Drivers3.1.1. Smartphone Penetration3.1.2. Government Push for Cashless Economy3.1.3. Urban Youth and Digital Consumption Behavior3.1.4. FinTech Ecosystem Maturity3.2. Restraints3.2.1. Rural Access and Connectivity Gaps3.2.2. Cybersecurity and Fraud Concerns3.2.3. User Trust and Financial Literacy3.3. Opportunities3.3.1. Expansion into Rural Districts3.3.2. Integration with Public Utility and Transport Systems3.3.3. Interoperability of Wallets and Bank-Linked Platforms3.4. Trends3.4.1. Surge in QR Code-based Transactions3.4.2. Embedded Payments in Super Apps3.4.3. AI-Powered Fraud Detection Integration3.5. Government Regulation3.5.1. SBVs Mobile Money Licensing Framework3.5.2. National Digital Transformation Roadmap3.5.3. E-KYC Mandates and Biometric Integration3.5.4. Data Localization and Compliance Guidelines3.6. SWOT Analysis3.7. Stakeholder Ecosystem (Wallet Providers, Banks, Telcos, Consumers, Regulators)3.8. Porters Five Forces3.9. Competition Ecosystem4. Vietnam Mobile Payment Market Segmentation4.1. By Platform (In Volume %)4.1.1. Android4.1.2. iOS4.1.3. Web4.2. By Payment Type (In Volume %)4.3. By End User (In Volume %)4.4. By Transaction Mode (In Volume %)4.5. By Region (In Volume %)5. Vietnam Mobile Payment Market Competitive Analysis5.1. Detailed Profiles of Major Companies5.1.1. MoMo5.1.2. ZaloPay5.1.3. VNPay5.1.4. ShopeePay5.1.5. Viettel Money5.1.6. AirPay5.1.7. Moca (GrabPay)5.1.8. Payoo5.1.9. BIDV SmartBanking5.1.10. TPBank eBanking5.1.11. Techcombank F@st Mobile5.1.12. Vietcombank Mobile5.1.13. MB Bank App5.1.14. Napas5.1.15. Agribank E-Mobile5.2. Cross Comparison Parameters (Transaction Volume, No. of Users, Partner Merchants, Integration Channels, API Compatibility, Interoperability Readiness, Payment Success Rate, Refund Resolution Time)5.3. Market Share Analysis5.4. Strategic Initiatives5.5. Mergers and Acquisitions5.6. Investors Analysis5.7. Venture Capital Funding5.8. Government Grants5.9. Private Equity Investments6. Vietnam Mobile Payment Market Regulatory Framework6.1. SBV Circulars on E-Money6.2. Data Privacy & User Consent Norms6.3. FinTech Sandbox Environment6.4. KYC/AML Compliance Requirements7. Vietnam Mobile Payment Market Future Size Outlook (In Volume and VND Trillion)7.1. Projected Transaction Volumes7.2. Key Drivers of Future Growth8. Vietnam Mobile Payment Future Market Segmentation8.1. By Platform (In Volume %)8.2. By Payment Type (In Volume %)8.3. By End User (In Volume %)8.4. By Transaction Mode (In Volume %)8.5. By Region (In Volume %)9. Vietnam Mobile Payment Market Analyst Recommendations9.1. TAM/SAM/SOM Analysis9.2. White Space Opportunity Mapping9.3. Partnership Roadmap (Retailers, Super Apps, Government Apps)9.4. GTM Strategy for Tier-2 PenetrationFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
