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.

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Mobile Money Market Sees Remarkable Growth, Expected to Reach US$ 31.19 Bn by 2029

Market Values: The global Mobile Money Market, valued at US$ 6.18 Bn in 2022, is projected to witness a robust growth of 26% from 2023 to 2029, reaching nearly US$ 31.19 Bn.

Report Scope: The comprehensive report on the Mobile Money Market provides a detailed analysis of the industry dynamics, market segments, and regional insights. It aims to offer stakeholders a clear understanding of the industry’s past, present, and future, along with key market trends and player analysis.

Research Methodology: The research methodology employed in this report ensures a thorough examination of market trends and dynamics. To gain valuable insights, a free sample report is available, shedding light on the industry’s intricacies.

Request a Free Sample Copy or View Report Summary: https://www.maximizemarketresearch.com/request-sample/7166 

Dynamics: The Mobile Money Market is experiencing rapid growth driven by the increasing number of mobile phone users. With over 270 mobile money services worldwide, it serves as both a tool for financial inclusion and a lucrative business opportunity. The report highlights the role of mobile money in enhancing online financial services, fostering digital financial capabilities, and contributing to the rise in mobile banking adoption.

However, challenges such as lack of accessibility to financial institutions, reliability issues, and regulatory concerns are identified as potential restraints on market growth.

Regional Insights: In 2022, the Middle East and Africa dominated the market with a 38% share, driven by factors like easy allocation of funds, affordable money transfers, and the adoption of mobile money beyond basic transactions. The Asia Pacific is expected to grow at a CAGR of 4.6% through the forecast period, fueled by increased smartphone penetration, mobile money adoption, and rapid e-commerce growth.

Market Segment Analysis:

  • Payment Type: Proximity payments accounted for 57% of the market in 2022, utilizing mobile phones and point-of-sale devices. The report delves into the growing acceptance of mobile payment technology and its impact on proximity payments.
  • Industry: Banking, Travel, and Hospitality are identified as the fastest-growing application segments, with CAGRs of 30.2% and 34.8%, respectively. Notable companies like MakeMyTrip, Yatra, and redBus are driving online payment adoption in these sectors.

Conclusion: The Mobile Money Market report serves as a comprehensive guide for industry stakeholders, presenting a clear analysis of market dynamics, segments, and key players. The inclusion of PORTER, PESTEL analysis, and consideration of micro-economic factors further enhances the report’s value as an investor’s guide. The insights provided aim to equip decision-makers with a futuristic view of the industry.

 Speak with our research analyst: https://www.maximizemarketresearch.com/inquiry-before-buying/7166 

Mobile Money Market  Segmentation:

by Payment Type

Remote Payments
Proximity Payments

by Industry

BFSI
Telecom and IT
Media and entertainment
Healthcare
Travel and hospitality
Transportation
Others

by Transaction Mode

Point of Sale (PoS)
Mobile Apps
QR codes

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

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report : https://www.maximizemarketresearch.com/market-report/global-mobile-money-market/7166/ 

Table of content for the Mobile Money Market  includes: 

 

  1. Global Mobile Money Market : Research Methodology 

 

  1. Global Mobile Money Market : Executive Summary
  • Market Overview and Definitions
  • Introduction to the Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders
  • Recommendations for New Market Entry
  1. Global Mobile Money Market : Competitive Analysis

 

  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • PESTLE
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact

 

  1. Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy
  • Recent Developments

 

Key Offerings:

  • Past Market Size and Competitive Landscape
  • Past Pricing and price curve by region
  • Market Size, Share, Size and Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by growth and trend
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 [email protected]
🌐 www.maximizemarketresearch.com

 


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