openPR Logo
Press release

Mobile Money Market Outlook (2024 to 2034): Industry Growth with Judo Payments, Fortumo OÜ, Dwolla Inc., Boku Inc., Bango.net Limited, M-Pesa, Safaricom, Paytm, Square, Cash App, Venmo, Samsung Pay, Google Pay, Apple Pay, WeChat Pay, Alipay, and PayPal.

08-04-2025 08:14 AM CET | IT, New Media & Software

Press release from: Future Market Insights Inc.

Mobile Money Market

Mobile Money Market

A new market outlook report reveals the Global Mobile Money Market is on a trajectory of phenomenal growth, with its valuation expected to swell from USD 17,093.12 million in 2024 to an impressive USD 118,852.47 million by 2034. This staggering expansion represents a robust Compound Annual Growth Rate (CAGR) of 21.40% over the forecast period, highlighting the market's pivotal role in the future of finance.

Heightened Demand for Market Data: Our Full Report Provides Extensive Trend Analysis! https://www.futuremarketinsights.com/reports/mobile-money-market

The report, a detailed analysis of key trends and opportunities, attributes this explosive growth to significant shifts in consumer behavior and technological innovation. The convergence of social media and commerce is identified as a primary catalyst. Mobile money platforms are strategically integrating shopping features directly into messaging and social media apps, creating a seamless "social commerce" experience. This strategy, exemplified by fintech startups like Stitch with its WigWag platform, leverages existing user trust and communication habits to simplify digital payments for small businesses and consumers alike.

Another transformative trend is the increasing integration of cryptocurrencies into mobile money platforms. By allowing users to manage both traditional and digital currencies in one place, providers are appealing to tech-savvy demographics and facilitating low-fee international transactions. This move towards flexible, modern financial services is epitomized by innovations like Fintopio's DeFi Wallet, which offers quick crypto switching and secure asset storage, catering to the evolving needs of the digital age.

Regional data underscores the market's global nature, with diverse growth drivers across continents. West Africa, led by Kenya, stands as a global powerhouse, having recorded transactions exceeding USD 491 billion in 2022. China is poised for the fastest growth, with a projected CAGR of 23.50% by 2034, fueled by the dominance of giants like Alipay and WeChat Pay and government support for mobile payments. Meanwhile, the United States is expected to grow at a 21.40% CAGR, driven by the rising adoption of contactless payments and the expansion of digital banking. Germany's market will benefit from a 15.70% CAGR as the nation moves toward a cashless society, and Japan's 16.90% CAGR is bolstered by the integration of mobile payments with public transit systems. In Australia and New Zealand, a 20.90% CAGR is anticipated, with growth driven by tourism and a focus on cross-border payments.

The competitive landscape is marked by a dynamic interplay between established powerhouses and innovative challengers. Industry leaders such as PayPal, Alipay, and WeChat Pay leverage strong brand recognition and expansive user bases. They face robust competition from agile players like Square, Venmo, and Cash App, which are carving out significant market share with user-friendly interfaces and new functionalities. The market is further diversified by traditional financial institutions entering the digital space through strategic partnerships and in-house digital transformation initiatives. This competitive pressure, combined with a focus on robust security platforms to mitigate rising cyber threats, is fostering a culture of continuous innovation.

Recent developments highlight this forward momentum. In January 2024, Hitachi Payment Solutions and Yes Bank collaborated to launch Hitachi Money Spot Plus in India, targeting financial inclusion in Tier 3 to 6 towns. Concurrently, Safaricom's M-Pesa expanded its mobile money services to Ethiopia in August 2023, solidifying its position as a major regional player. These strategic moves illustrate a clear focus on market penetration and a commitment to serving unbanked and underbanked populations.

Mobile Money Market Segmentation
By Component:
Mobile Money Platform
Services

By Application:
Bill Payment
Money Transfer
Recharge & Top-up
Tickets Payment
Others

By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Japan

Unveil Market Trends: Get Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-2800

Have a Look at Related Research Reports:

Art App Market: https://www.futuremarketinsights.com/reports/art-app-market

Intelligent Enterprise Data Capture Software Market: https://www.futuremarketinsights.com/reports/intelligent-enterprise-data-capture-software-market

Power Distribution Vacuum Circuit Breaker Market: https://www.futuremarketinsights.com/reports/power-distribution-vacuum-circuit-breaker-market

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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 Outlook (2024 to 2034): Industry Growth with Judo Payments, Fortumo OÜ, Dwolla Inc., Boku Inc., Bango.net Limited, M-Pesa, Safaricom, Paytm, Square, Cash App, Venmo, Samsung Pay, Google Pay, Apple Pay, WeChat Pay, Alipay, and PayPal. here

News-ID: 4130796 • Views:

More Releases from Future Market Insights Inc.

13X Molecular Sieve Activated Powder Market to Surpass USD 1,251.6 Million by 2035, Driven by Global Industrial Efficiency and Adhesion Demand
13X Molecular Sieve Activated Powder Market to Surpass USD 1,251.6 Million by 20 …
The 13X Molecular Sieve Activated Powder Market is poised for significant and stable growth, projecting an increase from $761.1 million in 2025 to $1,251.6 million by 2035. This represents a healthy Compound Annual Growth Rate (CAGR) of 5.1%, fueled by a relentless global industrial focus on energy-efficient operations, high-purity chemical processing, and advanced moisture control. The market's upward trajectory underscores the material's critical role across diverse industrial applications, particularly in gas
Polyetheramine Market to Reach USD 4.6 Billion by 2035 Amid Surging Demand in Construction, Automotive, and Renewables
Polyetheramine Market to Reach USD 4.6 Billion by 2035 Amid Surging Demand in Co …
The global Polyetheramine market, a critical component in high-performance materials, is forecasted to grow from an estimated USD 2.0 billion in 2025 to a substantial USD 4.6 billion by 2035, according to new market analysis. This robust expansion represents a compound annual growth rate (CAGR) of 8.9% over the forecast period, driven by widespread adoption in key industrial applications and significant infrastructure development globally. The market's growth is being fueled by
Location Analytics Market to Reach USD 124.3 Billion by 2035, Driven by AI Integration and Geospatial Intelligence
Location Analytics Market to Reach USD 124.3 Billion by 2035, Driven by AI Integ …
The global Location Analytics Market is experiencing rapid growth and is poised to achieve a value of USD 124.3 billion by 2035, registering a remarkable compound annual growth rate (CAGR) of 14.8% from its estimated value of USD 31.3 billion in 2025. This growth trajectory is being propelled by the increasing adoption of geospatial intelligence, AI, IoT-enabled technologies, and smart devices across a wide range of industries. Location analytics is
Global Lactic Acid Cosmic Blends Market to Reach USD 3.66 Billion by 2035, Fueled by Multifunctional Skincare Trends
Global Lactic Acid Cosmic Blends Market to Reach USD 3.66 Billion by 2035, Fuele …
The global Lactic Acid Cosmic Blends Market is on an impressive growth trajectory, with projections indicating a rise from USD 1,081.6 million in 2025 to USD 3,661.2 million by 2035, at a compound annual growth rate (CAGR) of 13.0%. The surge in demand for multifunctional skincare products that combine exfoliation, brightening, and acne benefits is the key driver behind this robust market expansion. Unlock detailed analytics - Request your personalized report

All 5 Releases


More Releases for Money

Just Between Friends Can Help Save Money & Make Money
Image: https://www.getnews.info/uploads/314b3c2c783a4157e147efd33935356f.jpg Kids are expensive. Just Between Friends can help you save money and make money. At Just Between Friends, we understand that children grow fast, which can quickly become expensive for parents. That's why we host a community event twice a year, where families can sell the things their children no longer use and buy what they need at 50-90% below retail. Discover a sense of Pride and Purpose when participating at Just
The Money Wave Reviews (Controversial Or Fake 2023) The Money Wave Price Legitim …
Self-improvement and wealth promotion the The Money Wave has come to light as an innovative concept drawing the attention of thousands around the world. This revolutionary approach, grounded in the latest neuroscience research and antiquated wisdom, will unlock the potential hidden within our brains and allow our brains to generate prosperity and wealth effortlessly. It was developed in the lab of the Dr. Thomas Summers, a top neuroscientist who is
Mobile Money Market to Witness Huge Growth by 2029 | Orange Money, Epress Union, …
The Latest research study released by HTF MI "Global Mobile Money Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying the importance of different factors that aid market growth. Some of the Major Companies covered in this Research are MTN
Rising Money Laundering Cases To Boost Anti-Money Laundering Market Growth
Factors such as the surging number of money laundering cases and mounting information technology (IT) expenditure will facilitate the anti-money laundering (AML) market growth during the forecast period (2021-2030). According to P&S Intelligence, the market generated a revenue of $2.4 billion revenue in 2020. Moreover, the surging volume of digital payments, rising technological advancements, and mounting internet traffic will also accelerate the market growth in the foreseeable future. Financial institutions
Increasing Prevalence of Money Laundering Driving Anti-Money Laundering Market G …
The global anti-money laundering market reached a value of $3 billion in 2020 and it is predicted to exhibit huge expansion between 2021 and 2030 (forecast period). The market is being driven by the surging incidence of money laundering cases and the burgeoning demand for monitoring money laundering activities. Additionally, the soaring information technology (IT) expenditure in several countries is also pushing up the requirement for anti-money laundering (AML) solutions
Lionlung breath trainer review 2021: Is this product a waste of money?money
LIONLUNG BREATH TRAINER REVIEWS In as much as shortness of breath is a natural occurrence, it should not be ignored at all. It is something you have to keep paying attention The truth is that you don’t have to be sick or something to experience shortness of breath. Recent studies show that even healthy individuals can experience this phenomenon. Common cases may be seen in anxiety, when anxiety sets in, it