Ghana Mobile Money Market Size Worth US$ 590.7 Billion by 2028 | CAGR 29.6% : IMARC Group

IMARC Group, a leading market research company, has recently releases report titled "𝐆𝐡𝐚𝐧𝐚 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐧𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", The Ghana mobile money market size reached US$ 121.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 590.7 Billion by 2028, exhibiting a growth rate (CAGR) of 29.6% during 2023-2028.

Ghana Mobile Money Market Overview:

Mobile money, also known as mobile payment, enables users to securely store, receive, and make transactions using their mobile phones. These technologies fall into categories such as unstructured supplementary service data (USSD) and mobile wallets, among others. Mobile money solutions primarily rely on mobile operator accounts and can be accessed through subscribers' mobile devices. They simplify person-to-person transfers, bill payments, airtime top-ups, and more, offering a convenient and secure alternative to traditional banking methods. Consequently, mobile money technologies are in great demand among consumers in Ghana.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/ghana-mobile-money-market/requestsample

Ghana Mobile Money Market Trends:

The Ghanaian mobile money market is experiencing significant growth due to several key factors. Firstly, there is a notable shift in consumer preferences towards innovative payment services that enhance security and reduce the risk of theft. Additionally, the growing demand for convenience in service delivery and the expansion of mobile money agent networks are contributing significantly to this growth. Furthermore, government bodies have implemented strict regulations and policies, such as the Electronic Money Issuers (EMI) guidelines introduced by the Bank of Ghana, aimed at preventing disputes and fraud within the mobile money system. These regulatory measures are having a positive impact on the market throughout the country. Moreover, improvements in mobile money interoperability, which enhance the efficiency and accessibility of money transfers for various applications, are further fueling market growth. Businesses are increasingly adopting this technology for their financial transactions, high-speed internet penetration is on the rise, and financial literacy is increasing, all of which are expected to accelerate the growth of the Ghanaian mobile money market in the foreseeable future.

Competitive Landscape With Key Players:

The competitive landscape of the Ghana 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:

• MTN
• Vodafone
• Tigo
• Airtel

Key Market Segmentation:

The report has segmented the Ghana mobile money market on the basis of technology, business model, 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 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐁𝐫𝐨𝐰𝐬𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞: https://www.imarcgroup.com/request?type=report&id=1449&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.

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𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

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This release was published on openPR.