Increasing use of cashless transactions, high usage of mobile devices among users and technological advancements, crucial requirement to have far and wide access to financial solutions are the key factors driving the market growth during the forecast period.
According to Stratistics MRC, the Global Mobile Money market is estimated at $15.14 billion in 2015 and is expected to reach $140 billion by 2022 growing at a CAGR of 37.39% from 2015 to 2022.
Less knowledge about the benefits related to services is the restraint to the market. Improving the virtual financial world in real life is opportunity for the market.
Unidentified network coverage is the key challenge for the mobile money market.
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Remote payments segment lead the market. This type of payment generally makes use of browser, mobile web/WAP, premium SMS, STK/USSD, and mobile applications and can be accessed over a subscriber’s mobile phone bill, prepaid payments, and debit or credit card payments.
These payments are easier for consumers as they can be done through any type of mobile phone, ranging from a basic handset to a Smartphone. Asia-Pacific is projected to record the largest market values as well as anticipated to grow with the highest CAGR during the forecast period.
This is because of the large-scale approval of mobile money services by the users along with the presence of the large number of mobile subscribers in the region.
Some of the key players in the market are Monitise PLC, Bharti Airtel Limited, Paypal PTE. Ltd., Mahindra Comviva, Google Inc., Mastercard Incorporated, Orange S.A., Gemalto, Fidelity National Information Services, Inc., Vodafone Group PLC, Mahindra Comviva, PayPal, Amobee, Inc., Boku, Inc., Bango.net Limited, Judo Payments, Dwolla, Inc., Square, Inc., WePay, Inc.
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Transaction Modes Covered:
Mobile Web/Wap Payments
Mobile Applications (Apps)
Short Message Service
Near Field Communication/Smart Cards
SIM Toolkit/Unstructured Service Supplementary Data
Direct Mobile Billing
Interactive Voice Response System
Other Transaction Modes
Nature of Payment Covered:
Business to Business
Business to Person
Person to Person
Person to Business
Types of Purchases Covered:
Merchandise and Coupons
Airtime Transfer and Top Up
Money Transfers and Payments
Travel and Ticketing
Telecom and IT
Media and Entertainment
Banking, Financial Services, and Insurance
Travel and Hospitality
Energy and Utilities
Transportation and Logistics
Rest of Europe
Rest of Asia Pacific
Rest of the World
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
List Of Tables:
1 Global Mobile Money Market Outlook, By Region
2 Global Mobile Money Market Outlook, By Transaction Mode
3 Global Mobile Money Market Outlook, By Mobile Web/Wap Payments
4 Global Mobile Money Market Outlook, By Mobile Applications (Apps)
5 Global Mobile Money Market Outlook, By Short Message Service
6 Global Mobile Money Market Outlook, By Near Field Communication/Smart Cards
7 Global Mobile Money Market Outlook, By SIM Toolkit/Unstructured Service Supplementary Data
8 Global Mobile Money Market Outlook, By Direct Mobile Billing
9 Global Mobile Money Market Outlook, By Interactive Voice Response System
10 Global Mobile Money Market Outlook, By Other Transaction Modes
11 Global Mobile Money Market Outlook, By Location
12 Global Mobile Money Market Outlook, By Remote Payments
13 Global Mobile Money Market Outlook, By Proximity Payments
14 Global Mobile Money Market Outlook, By Nature of Payment
15 Global Mobile Money Market Outlook, By Business to Business
16 Global Mobile Money Market Outlook, By Business to Person
17 Global Mobile Money Market Outlook, By Person to Person
18 Global Mobile Money Market Outlook, By Person to Business
19 Global Mobile Money Market Outlook, By Type of Purchase
20 Global Mobile Money Market Outlook, By Merchandise and Coupons
21 Global Mobile Money Market Outlook, By Airtime Transfer and Top Up
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