Press release
Tanzania Mobile Money Market Size, Share, Leading Companies, Analysis and Forecast 2023-2028
Report Highlights:
How big is the Tanzania mobile money market?
The Tanzania mobile money market size reached US$ 62.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 138.2 Billion by 2028, exhibiting a growth rate (CAGR) of 14.36% during 2023-2028.
What is Mobile Money?
Mobile money has provided a convenient and accessible platform for conducting financial transactions through mobile phones. It works by allowing users to store and manage their money electronically on their mobile devices, eliminating the need for traditional banking services. One of the key advantages of mobile money is its widespread accessibility, as it allows individuals without access to traditional banking services to participate in the formal financial system. The components of mobile money include the mobile network operators, who provide the infrastructure and connectivity for the service, and the mobile money service providers, who offer the platform for conducting transactions. Users can deposit money into their mobile wallets at authorized agents or through bank transfers. They can then use their mobile wallets to send and receive money, pay bills, purchase goods and services, and even access credit and insurance services. Mobile money offers convenience, speed, and security, as transactions are encrypted and require PIN codes for authentication.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ ๐๐ญ ๐๐ง ๐ข๐๐๐ ๐จ๐ ๐จ๐ฎ๐ซ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/tanzania-mobile-money-market/requestsample
Tanzania Mobile Money Market Trends:
The increasing penetration of smartphones has considerably surged the accessibility of mobile money services, representing one of the primary factors augmenting the market growth. Moreover, the rising affordability of smartphones and improving internet connectivity are other growth-inducing factors. Additionally, the government of Tanzania is undertaking initiatives to promote financial inclusion and digitization, which is creating a positive outlook for the market. Besides this, the growth of e-commerce and the increasing acceptance of mobile payments are providing a significant boost to the market growth. Other factors, such as the surging awareness regarding the convenience and safety offered by mobile money, the rapid expansion of agent banking networks, and the inflating consumer expenditure power, are influencing the market growth.
Tanzania Mobile Money Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the tanzania mobile money market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
โข M-Pesa (Vodacom Tanzania Limited)
โข Tigo Tanzania (MIC Tanzania Public Limited Company)
โข Airtel Money Tanzania Limited
Key Market Segmentation:
The report has segmented the tanzania mobile money market on the basis of technology, business model and transaction type.
Breakup by Technology:
โข USSD
โข Mobile Wallets
โข Others
Breakup by Business Model:
โข Mobile Led Model
โข Bank Led Model
Breakup by Transaction Type:
โข Peer to Peer
โข Bill Payments
โข Airtime Top-ups
โข Others
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐% ๐๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=1448&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
IMARC Group
134 N 4th St Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
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