Press release
Mobile Money Market Forecast by Transaction, Mode, Financial Services, Verticals with Google, MasterCard, American Express, Paycom, Apple, Gemalto, FIS, Paypal, Mahindra Comviva, Vodafone
Key Players:
Google, Inc. (U.S.), MasterCard (U.S.), American Express (U.S.), Paycom (U.S.), Apple Inc. (U.S.), Gemalto (Netherlands), FIS (U.S.), Mahindra Comviva (India), Paypal (U.S.) Vodafone Group PLC (U.S.) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global mobile money market. Mobile money offers several benefits to their consumers including easy receive and payment and more access to their account details
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1052
Mobile Money Market - Overview
Mobile money is a new technology which helps their users to use their mobile phones to perform day to day money transactions such as receive money, make payment and store. Mobile money is also referred as mobile wallet or called by the name of specific service providers such as mPesa, Tigo and others. In more than 150 countries, there are more than 260 different mobile money service majorly popular in Asia region. Mobile money is usually offered in any country by the mobile phone service providers and private institutions where each user is assigned a unique account number which is similar to their mobile number in most of the time.
Growing urbanization and increasing awareness about the digital banking system around the world is one of the major reason behind the growth of Mobile Money Market. Although, mobile money users are increasing day by day, many users are also concerned about the privacy and securities issues. Today, mobile money is being widely used in the urban cities, but people living in the rural areas are still in the adoption stage. There are various factors which is slowing the growth of mobile payment services in rural areas. Lack of information and high dependency on the regular payment system are some of major factor which is hampering the growth of the market in rural areas. To overcome from these problems, companies are coming up with various new plans and strategies to gain the trust of the people. Also, government of various countries is also promoting cashless economy concept helping the nation to grow with faster pace.
Industry News
December, 2017, Bitt launches mobile money app. Bitt Inc., a American company located in an Caribbean announced the launch of its new mobile money app.
December, 2017, In recent news, Apple Inc. announced that Apple customers in the US can use Apple Pay to send and receive money with friends and family quickly, easily and securely. Apple Pay is now the simplest and most convenient way to make person to person payments on iPhone, iPad and Apple Watch. Apple also stated that Apples platform iMessage is already being used by Apple customers to communicate but now they can transfer the money within those conversations.
December, 2017, Mastercard Inc. has recently launched a new service named - Mastercard Assemble - to better serve its customers belonging to the millennial population bracket. Mastercard Assemble is a platform offering total money management via a digital prepaid account, a mobile app and a payment card (virtual or physical). It will provide a bouquet of services such as checking balances, budgeting, setting savings goals and making near-real time payments to almost anyone in the United States with a valid debit card via a P2P service supported by Mastercard Send. To sum up, this digital platform provides one single solution for all the banking needs.
December, 2017, Paytm announced that the company have successfully acquired Nearbuy and Little, which deals with platforms that focus on local restaurants as well as commercial establishments. The acquisition of Nearbuy and Little is expected to gives Paytm access to the large number of merchant partnership and huge potential customer base.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/mobile-money-market-1052
Mobile Money Market - Segmentation
Segmentation by Transaction Type: P2P, P2B, B2P, B2B
Segmentation by Mode: Mobile Applications, Smartcard/NFC, SMS & Web among others
Segmentation by Financial Services: Mobile money, Mobile savings, Mobile insurance and Mobile credit
Segmentation by Verticals: BFSI, media & entertainment, travel & hospitality, web services, retail, and healthcare among others
Mobile Money Global Market - Regional Analysis
Currently, Asia-Pacific region is dominating the market of mobile money and holds immense potential. Increasing population and growing the amount of mobile users are few of the major factor which is driving the market of mobile money in Asia Pacific region. Also, increasing awareness about the benefits of mobile payment is also supporting the market growth. On the other hand, various approaches of local bodies and government towards the promotion of digital economy is also helping the market growth. North America money market is growing with sustainable growth rate and holds second position in the global market. Presence of global players and rich technology and advance banking system is one of the major factor which is supporting the market of mobile money in North America. Europe on the other hand stands as third largest market for the mobile money. Presence of developed countries and growing BFIS industry in European countries are some of the factors which is supporting the market.
Browse More Reports from this category @ https://www.marketresearchfuture.com/categories/semiconductor-electronics
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mobile Money Market Forecast by Transaction, Mode, Financial Services, Verticals with Google, MasterCard, American Express, Paycom, Apple, Gemalto, FIS, Paypal, Mahindra Comviva, Vodafone here
News-ID: 1197169 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for Mobile
Global Mobile Wallet Market, Global Mobile Wallet Industry, Market Revenue, Mark …
The digital wallet is the engine of mobile commerce and also agreements an evolutionary path to decrease the friction in the transaction and optimize consumer satisfaction. The users are interested towards gorgeous cash backs and loyalty coupons suggested by dissimilar mobile wallet corporates. The mobile wallet market in the report denotes to payment services functioned under financial regulation and functioned through a mobile device instead of paying with cheques, cash, or credit cards.…
Asia - Mobile Infrastructure and Mobile Broadband
Bharat Book Bureau Provides the Trending Market Research Report on "Asia - Mobile Infrastructure and Mobile Broadband" under Telecom category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Executive Summary
Leading Asian nations prepare for 5G rollouts
Asia’s mobile subscriber market is now witnessing moderate growth in a fast maturing market. Whilst there are still developing markets continuing to grow their mobile subscriber base at…
Mobile Virtual Network Operator (MVNO) Market Analysis by Top Key Players Tracfo …
The mobile virtual network operator (MVNO) is also referred to as the mobile other licensed operator (MOLO), or the virtual network operator (VNO), is the remote service of communication which does not claim the remote network infrastructure on which it gives the customer the services.
Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2835705?utm_source=RK&utm_medium=OPR
The MVNO goes into the business agreement with the mobile network operator for acquiring more access to…
Mobile Virtual Network Operator (MVNO) Market Comprehensive Study 2018: Boost Mo …
Global Mobile Virtual Network Operator (MVNO) market report provides a thorough synopsis on the study for market and how it is changing the industry. The data and the information regarding the industry are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. Mobile Virtual Network Operator (MVNO) Market report includes historic data, present market trends,…
Asia - Mobile Infrastructure And Mobile Broadband
Asian mobile broadband market continues to grow strongly
With 3.9 billion mobile subscribers and over 50% of the mobile subscribers in the world, spread across a diverse range of markets, the region is already rapidly advancing in the adoption of mobile broadband services. Mobile broadband as a proportion of the total Asian mobile broadband subscriber base, has increased from 2% in 2008 to 18% in 2013, 27% in 2014, 33% in…
Mobile Money Market Trends, Public Demand and Worldwide Strategy - Mobile Commer …
The mobile money market report provides an analysis of the global mobile money market for the period 2014 – 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the mobile money market over the forecast period. It…
