Mobile Money market Trends, Key Players, DROT, Analysis & Forecast Till 2026

The Mobile Money market is expected to grow from USD 16.1 Billion in 2018 to USD 143.2 Billion by 2026, at a CAGR of 36.4% during the forecast period. Increasing usage of smartphones, increase in online transactions and e-banking, rise in advanced mobile applications and technology advancements, rise of e-commerce, Need to connect the virtual financial world with reality  and enhanced flexibility provisions among the mobile money services, NFC taking mobile money to a new level and supporting public authorities are some of the driving factors of the market.

The issues faced by enterprises for data security concerns include lack of awareness about the benefits of mobile money services, interoperability issues in switching to new handsets, risks of transaction failures, varying Regulations and Policies by countries and poor network coverage. These may be the major restraining factor for the mobile money market.

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Key players within Mobile Money market are Vodafone Group Plc (UK), Gemalto (Netherlands), FIS (US), Google Inc. (US), MasterCard Incorporated (US), Bharti Airtel Limited (India), Orange S.A. (France), Monitise PLC (UK), and Mahindra Comviva (India).

For this report, the market has been divided into segments on the basis of transaction mode, payment nature, payment location, purchase type, Industry vertical industry vertical and regional analysis.

Transaction mode Outlook (Revenue, USD Million; 2018–2026)

NFC/Smart card

Direct mobile billing

Mobile web/WAP payments

SMS

STK/USSD

Mobile apps

IVRS

Others (Wi-Fi, QR codes, and Bluetooth)

Payment nature Outlook (Revenue, USD Million; 2018–2026)

Person to person

Person to business

Business to person

Business to business

Payment location Outlook (Revenue, USD Million; 2018–2026)

Remote payments

Proximity payments

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Purchase type Outlook (Revenue, USD Million; 2018–2026)

Airtime transfer and top-ups

Money transfers and payments

Merchandise and coupons

Travel and ticketing

Digital products

Industry vertical Outlook (Revenue, USD; 2018-2026)

Mobile Money Market share by industry vertical, 2019 & 2026

BFSI

Telecom and IT

Media and entertainment

Healthcare

Retail

Travel and hospitality

Transportation and logistics

Energy and utilities

Others

 

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