PUBLISHER: Value Market Research | PRODUCT CODE: 1306547
PUBLISHER: Value Market Research | PRODUCT CODE: 1306547
The global demand for Mobile Money Market is presumed to reach the market size of nearly USD 64.62 BN by 2030 from USD 8.17 BN in 2022 with a CAGR of 29.5% under the study period 2023 - 2030.
Mobile money refers to a digital payment system that allows users to perform financial transactions using their mobile devices, such as smartphones or feature phones. It provides a convenient and accessible way for individuals to send, receive, and store money securely without the need for traditional banking infrastructure. These services are typically offered by mobile network operators (MNOs) or in collaboration with financial institutions. These services enable users to create mobile wallet accounts linked to their mobile phone numbers.
Mobile money services have played a vital role in expanding financial inclusion by providing access to basic financial services for the unbanked and underbanked populations. Additionally, the increasing penetration of mobile devices, particularly smartphones, has expanded the potential user base for these services. Convenience and accessibility are crucial drivers as mobile money allows users to perform transactions anytime and anywhere, eliminating the need for physical bank visits. P2P payments and remittances have been simplified through this system, making it easier to transfer funds domestically and internationally. The e-commerce and the digital economy growth has also fueled the demand for mobile money, assisting in providing a secure and convenient payment method. Supportive government policies and regulatory frameworks have also promoted the growth of this market. Additionally, the COVID-19 pandemic has acted as a catalyst for mobile money adoption due to the need for safe and contactless payment methods during lockdowns and social distancing measures.
The research covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of mobile money. The growth and trends of mobile money industry provide a holistic approach to this study.
This section of the mobile money market provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Mobile Money market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mobile money market include Vodafone (UK). Google (US), Orange (France), FIS (US), Paypal (US), Mastercard (US), Fiserve (US), Airtel (India), Gemalto (Netherlands), Alipay (China), MTN (South Africa), PAYTM (India), Samsung (South Korea), VISA (US), Tencent (China), Global Payments (US), Square (US), Amazon (US), Apple (US), Western Union Holdings, (US), Comviva (India), and T-Mobile (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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