The mobile money market is the payment service referred to transfer funds between banks or deposits, pay bills, deposit or withdrawal. Global mobile money market size was valued at $29.53 billion in 2017 and is estimated to reach $429.18 billion by 2025 with the CAGR of 39.72% during 2019-2025. Increased uses of mobile devices among users, technological advancements, rapid rising non-cash payments, existing of new business avenues for stakeholders, demographic needs are evolving across regions, and high adoption rates of mobile money services are the major factors for market growth. Whereas, fear of data security, privacy issue, lack of awareness on benefits from mobile money services, rising of interoperability issue during the switch to new handsets, various regulations & rules across regions and unregulated network coverage are hampering the growth of the market. Moreover, enhancing the virtual finance with reality, existence of flexibility provisions, promoting mobile money to a new level and increasing support from public authorities are expected to drive the market growth over the forecast period 2019-2025.

Research Study Objectives:

Define, estimate, and forecast the mobile money market statistics by transaction mode, nature of payment, location, type of purchase end users and regions concerning the individual growth drivers, market trends and their contribution toward the mobile money market growth

Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)

Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).

Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the mobile money market analysis report.

Analysis and conclusions on the future mobile money market outlook.

Top-down and bottom-up approaches are used to validate the mobile money market size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL's such as CEOs, directors, board members, VP's, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The mobile money market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the mobile money market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The mobile money market segmentation is as follows:

By Transaction Mode

Near Field Communication/ Smart Cards

Direct Mobile Billing

Mobile Web/ Wap Payments

Short Message Service

SIM Toolkit/Unstructured Service Supplementary Data

Mobile Applications

Interactive Voice Response System

Others

By Nature of Payment

Person to Person

Person to Business

Business to Person

Business to Business

By Location

Remote Location

Proximity Location

By Type of Purchase

Airtime Transfer and Top Up

Money Transfers and Payments

Merchandise and Coupons

Travel and Ticketing

Digital Products

By End Users

Banking, Financial Services and Insurance (BFSI)

Telecom and IT

Media and Entertainment

Travel and Hospitality

Retail

Healthcare

Transportation and Logistics

Energy and Utilities

Others

Geographical Analysis:

Mobile money Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client's specific requirements. The following customisation options offered for the mobile money market include:

Scope Revision

Geographic Analysis

Company Profiles

Historical Data & Forecasting

Key Contact Persons in companies

Global Mobile Money Market Research Report Includes: