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Global Mobile Money Market Information, by Transaction (P2P, P2B, B2P, B2B), by Mode (Mobile Applications, SMS, Web), by Financial Services (Mobile money, Mobile savings), by Verticals (BFSI, Media & Entertainment, Web Services, Retail, Healthcare) - Forecast 2016-2027

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global mobile money market research report

Global Mobile Money Market

Research Report:

Forecast to 2027

Global Mobile Money Market Research Report: Forecast to 2027

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Copyright © 2017 Market Research Future.

global mobile money market research report 1

Global Mobile Money Market Research Report: Forecast to 2027

VIEW REPORTS

SAMPLE REPORTS

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Global Mobile Money Market Research Report: Forecast to 2027

Summary

Mobile Money Market refers to payment or exchange of money without hard cash. Earlier barter

system was in picture where people exchanges one product with respect to another, later currency

came into picture where people purchase any product by giving physical cash. Nowadays Mobile

money concept is coming into picture where people can send or receive money virtually and

electronically. Various companies are providing payment gateways to pay the money result, this

market has grown to US high billion and expected to reach US high billion by the end of forecasted

period. As technology is growing, it is giving fuel to the mobile money market and it is expected that

mobile money market will grow at a CAGR of high.

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Global Mobile Money Market Research Report: Forecast to 2027

Market Highlights

Mobile money is a new technology which helps their users to use their mobile phones to perform

day to day money transactions such as receive money, make payment and store. Mobile money

is also referred as mobile wallet or called by the name of specific service providers such as

mPesa, Tigo and others. In more than 150 countries, there are more than 260 different mobile

money service majorly popular in Asia region. Mobile money is usually offered in any country

by the mobile phone service providers and private institutions where each user is assigned a

unique account number which is similar to their mobile number in most of the time.

Growing urbanization and increasing awareness about the digital banking system around the

world is one of the major reason behind the growth of mobile money market. Although, mobile

money users are increasing day by day, many users are also concerned about the privacy and

securities issues. Today, mobile money is being widely used in the urban cities, but people living

in the rural areas are still in the adoption stage. There are various factors which is slowing the

growth of mobile payment services in rural areas. Lack of information and high dependency on

the regular payment system are some of major factor which is hampering the growth of the

market in rural areas. To overcome from these problems, companies are coming up with various

new plans and strategies to gain the trust of the people. Also, government of various countries

is also promoting cashless economy concept helping the nation to grow with faster pace.

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Global Mobile Money Market Research Report: Forecast to 2027

Major Key Players:

Google, Inc. (U.S.),

MasterCard (U.S.),

American Express (U.S.),

Paycom (U.S.),

Apple Inc. (U.S.),

Gemalto (Netherlands),

FIS (U.S.),

Mahindra Comviva (India),

Paypal (U.S.) Vodafone Group PLC (U.S.)

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Global Mobile Money Market Research Report: Forecast to 2027

Segments:

Segmentation by Transaction Type: P2P, P2B, B2P, B2B.

Segmentation by Mode: Mobile Applications, Smartcard/NFC, SMS & Web among others.

Segmentation by Financial Services: Mobile money, Mobile savings, Mobile insurance and Mobile

credit.

Segmentation by verticals: BFSI, media & entertainment, travel & hospitality, web services, retail,

and healthcare among others.

Note- Only qualitative information will be provided for segment financial services.

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Global Mobile Money Market Research Report: Forecast to 2027

Regional Analysis:

Currently, North America is dominating the market of mobile money due to high consumption of

smartphones and need of portability in the payment gateway market. Technological development is

also a major factor which is driving the market of mobile money in the North America. Asia-Pacific

has emerged as fastest growing market due to the high demand for smartcards and smartphones.

Currently Asia-Pacific holds growth of market share followed by Europe which accounts for high of

share and has been valued at US high billion.

Study Objective of Mobile Money Market:

To provide detailed analysis of the market structure along with forecast of the various

segments and sub-segments of the Global Mobile Money Market

To provide insights about factors affecting the market growth

To analyze the Mobile Money market based on various factors- price analysis, supply chain

analysis, porters five force analysis etc.

To provide historical and forecast revenue of the market segments and sub-segments with

respect to four main geographies and their countries- North America, Europe, Asia, and Rest

of the World (ROW)

To provide country level analysis of the market with respect to the current market size and

future prospective

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Global Mobile Money Market Research Report: Forecast to 2027

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