Mobile Money Market size was valued at US$ 6.18 Bn. in 2022 and the total revenue is expected to grow at 26 % through 2023 to 2029, reaching nearly US$ 31.19 Bn.
Market Values: The Mobile Money Market, valued at US$ 6.18 billion in 2022, is projected to witness a remarkable growth of 26% from 2023 to 2029, reaching a total market value of nearly US$ 31.19 billion.
Report Scope: The comprehensive report delves into the dynamics, regional insights, and industry trends shaping the global Mobile Money Market. It provides a detailed analysis of market segments, payment types, industries, and key factors influencing market growth.
Research Methodology: The report employs a robust research methodology, offering stakeholders valuable insights. It includes a detailed analysis of market leaders, followers, and new entrants, utilizing PORTER, PESTEL analysis, and assessing the potential impact of micro-economic factors on the market.
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Market Dynamics: The Mobile Money Market is driven by the surge in mobile phone users globally, indicating a substantial potential for monetary transactions through mobile phones. The report outlines the efficiency and security of mobile money transactions, contributing to increased overall spending and encouraging the development of this technology.
Regional Insights: The Middle East and Africa dominated the market in 2022, capturing a 38% share. The region’s growth is attributed to factors such as easy allocation and saving by women, affordable money transfers during unexpected events, and the expanding use of mobile money beyond transfers.
Asia Pacific is anticipated to grow at a CAGR of 4.6%, fueled by increased smartphone penetration, adoption of mobile money solutions, and rapid e-commerce adoption.
Market Segment Analysis: The report analyzes market segments based on payment types, industries, and applications. Proximity payments, accounting for 57% of the market share in 2022, are driven by the increasing acceptance of mobile payment technology.
The Banking, Travel, and Hospitality sectors are identified as the fastest-growing application segments, with expected CAGRs of 30.2% and 34.8%, respectively.
Conclusion: The Mobile Money Market report serves as a comprehensive guide for industry stakeholders, presenting a clear analysis of market dynamics, structure, and competitive landscape. With a forward-looking perspective, it aids decision-makers in understanding the industry trends and potential opportunities. For more detailed information, refer to the full report.
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Mobile Money Market Segmentation:
by Payment TypeRemote Payments
Proximity Payments
by Industry
BFSI
Telecom and IT
Media and entertainment
Healthcare
Travel and hospitality
Transportation
Others
Mobile Money Market Key Players:
1. vodafone
2. Google
3. Orange
4. FIS
5. PayPal
6. MasterCard
7. Fiserve
8. Airtel
9. Gemalto
10. Alipay
11. MTN
12. PAYTM
13. Samsung
14. VISA
15. Tencent
16. Global Payments
17. Square
18. Amazon
19. Apple
20. Western Union Holdings
21. Comviva
22. T- Mobile
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Table of content for the Mobile Money Market includes:
Key Offerings:
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