Mobile Money Market Global Demand, Growth, Opportunities, Top Key Players and Forecast to 2027

Mobile Money Market Insights:

This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Mobile Money Market:

Google LLC
Orange SA
PayPal Payments Private Limited
Mastercard International Incorporated
Fiserv, Inc
Bharti Airtel Ltd
Gemalto NV
com
com, Inc
Apple Inc.

The key drivers of the Mobile Money Market are as follows:

Growing number of government initiatives to encourage cashless economy, an increasing number of mobile subscribers, and rising usage of digital payment-based business models are the major factors that are driving the growth of the global mobile money market. The digital revolution has disturbed the banking and financial sector. Companies worldwide are comping up with remarkable business models which are affecting existing banking revenue. Various factors, such as customer need, regulatory compliance, and continuous technological advancements, are further surging the demand for digital payment. The initial requirement for the development of the digital payment ecosystem was produced by technological and e-commerce companies. Various leading players, including Google LLC, Apple Inc., and Amazon.com Inc, have gone beyond the initial stage and are now growing to various territories. For example, Alipay, a digital payment gateway created by Alibaba.com, is used to make a simple payment between sellers and buyers by reducing barriers such as low credit card penetration and lack of trust. Furthermore, the digital platform approach allows mobile money providers to secure their services and is encouraging partnerships between mobile money companies to build a diverse and engaged user base. Hence, the emerging demand for digital platforms is further propelling the growth of the market across the globe.

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Cashback discounts provided during payment is a key trend witnessed in the mobile money market. Mobile wallets that provide discounts at the time of payment are getting more traction among customers. Currently, most of the mobile wallets provide the option to store all information, including debit and credit card information, reward information, and discount, making transactions easy for customers. All these unique advantages are attracting many consumers to opt for mobile money applications and mobile wallet apps. On the other hand, growing concerns among the end-users associated with data security will hamper the growth of the market.

The study objectives of this report are:

To study and forecast the size of the market.
To analyze the key players, SWOT analysis, value, and market share for the leading players.
To define, describe, and forecast the market by different segments.
To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

Segmentation of the Mobile Money Market:

Breakup by Transaction Mode:

Point of Scale
Mobile Apps
QR Codes
Internet Payments
SMS and STK/USSD Payments
Direct Carrier Billing
Mobile Banking

Breakup by Nature of Payment:

Person to Person
Person to Business
Business to Person
Business to Business

Breakup by Application:

Money Transfers
Bill Payments
Airtime Transfers and Tops-Ups
Travel & Ticketing
Merchandise & Coupons

Breakup by Type of Payment:

Remote Payments
Proximity Payments

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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