Mobile Money Market 2022 Global Size, Leading Players, Analysis, Sales Revenue and Forecast 2027

sandipmaximize

Sep 22, 2022 • 3 min read

Mobile Money is a technology that allows consumers to receive, store and spend money using a mobile phone. Also known as a mobile wallet. It is an easy, fast and secure transfer where the sender sends money from their bank to another mobile money account. There are more than 270 different mobile money services throughout the world. Mobile money offers a dual promise, as an engine for financial inclusion, and as an emerging markets business opportunity for providers. It is a popular alternative to both cash and banks because it's easy to use, secure, and can use anywhere there is a mobile phone signal.

Mobile Money Market size was valued at US$ 3.9 Bn. in 2020 and the total revenue is expected to grow at 26 % through 2021 to 2027, reaching nearly US$ 19.66 Bn.

Mobile Money Market Overview:

The Mobile Money Market research evaluates the market's major characteristics by looking at a variety of factors such as supply, demand, feasibility, and current trends. Projections for the years 2022-2027 are also included in the Mobile Money Market research. Based on statistical data and in-depth research, the Mobile Money report estimates and forecasts potential growth in the worldwide Mobile Money market at each point in time, taking into account both qualitative and quantitative values of significant elements such as historical, current, and future trends. We also set and use a variety of criteria, such as Geographic Footprints, Regional Segments of Revenue, Operational Centers, and so on, to deliver relevance particular to any market. The next stage is to form a team (in-house + data agencies) that will begin gathering C and D level executives and profiles, as well as industry experts, opinion leaders, and others, to generate appointments.

Our team is analyzing the influence of COVID 19 on several industry verticals and providing authenticated data to the client. This information is useful in determining market conditions. To comprehend the impact and factors of COVID 19 on the worldwide Mobile Money market, consult our expert monitoring, which describes all of the influencing elements and COVID impact on each key player. The report also recommends a systematic search for technology partners as a first step in identifying the developing and significant businesses participating in market estimations.

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Mobile Money Market Dynamics:

In this study, we examine all market dynamics. Positive aspects, constraints, possibilities, and difficulties are the points that are discussed in depth in the report, and all data is gathered from press releases and yearly reports. The goal of the study is to propose a patent-based strategy for finding possible technology partners as a support tool for open innovation. The report also recommends a systematic search for technology partners as a first step in identifying the developing and significant businesses participating in market estimations.

High lights of the reports:

Key industry developments and key insights

Significant marketing factors such as driver, restraints, opportunity, and challenges

Number of significant companies and their revenue and net income

Other market trends

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Mobile Money Market Segmentation:

By Payment Type, proximity payments have a 57% market share in 2020. Proximity payments are made via mobile phones and point-of-sale equipment. Nowadays, many businesses have applications that support proximity payments. Proximity payments are specifically enabled for short distances and function if both the payer and the payee are in the same place.

Interviews with executives from various market-related firms, as well as survey reports, research institutes, and the most recent research reports, are used to do primary research. In the meantime, the analyst team is working on a set of questionnaires, and once the appointee list is received, the target audience is tapped and segmented using various mediums and channels for connecting, such as email, telephonic, Skype, LinkedIn Group & In Mail, Community Forums, open Survey, Survey Monkey, and so on.

Some of the dominant key players in the Mobile Money market are given below:

• Vodafone
• Google
• Orange
• FIS
• PayPal
• MasterCard
• Fiserve
• Airtel
• Gemalto
• Alipay
• MTN
• PAYTM
• Samsung
• VISA
• Tencent
• Global Payments
• Square
• Amazon
• Apple
• Western Union Holdings
• Comviva
• T- Mobile