Tanzania Mobile Money Market Size, Share, Leading Companies, Analysis and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "𝐓𝐚𝐧𝐳𝐚𝐧𝐢𝐚 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐧𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", The study provides a detailed analysis of the industry, including the Tanzania mobile money market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐠𝐞𝐭 𝐚𝐧 𝐢𝐝𝐞𝐚 𝐨𝐟 𝐨𝐮𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: 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:

• M-Pesa (Vodacom Tanzania Limited)
• Tigo Tanzania (MIC Tanzania Public Limited Company)
• 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:

• USSD
• Mobile Wallets
• Others

Breakup by Business Model:

• Mobile Led Model
• Bank Led Model

Breakup by Transaction Type:

• Peer to Peer
• Bill Payments
• Airtime Top-ups
• Others

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: 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.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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This release was published on openPR.