Press release
Mobile Money Market Key Players Google, Inc., MasterCard, American Express, Paycom, Apple Inc Gemalto, FIS, Mahindra Comviva, Paypal, Vodafone Group Forecast to 2027
Market Research Future
Market Scenario:
Mobile Money Market refers to payment or exchange of money without hard cash. Earlier barter system was in picture where people exchanges one product with respect to another, later currency came into picture where people purchase any product by giving physical cash. Nowadays Mobile money concept is coming into picture where people can send or receive money virtually and electronically. Various companies are providing payment gateways to pay the money result, this market has grown to US high billion and expected to reach US high billion by the end of forecasted period. As technology is growing, it is giving fuel to the mobile money market and it is expected that mobile money market will grow at a CAGR of high.
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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.)
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.
Note- Only qualitative information will be provided for segment financial services.
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Regional Analysis:
Currently, North America is dominating the market of mobile money due to high consumption of smartphones and need of portability in the payment gateway market. Technological development is also a major factor which is driving the market of mobile money in the North America. Asia-Pacific has emerged as fastest growing market due to the high demand for smartcards and smartphones. Currently Asia-Pacific holds growth of market share followed by Europe which accounts for high of share and has been valued at US high billion.
Industry News:
In July 2016, MasterCard is reportedly applying for Chinese payment license after government announced the FDI.
In July 2016, MasterCard announced the acquisition of VocaLink which operates payment technology platforms.
In February 2016, Mahindra announced the collaboration with AsiaHawala to provide P2P transaction in Iraq.
The reports also covers brief analysis of Geographical Region includes:
Americas:
North America
US
Canada
Europe:
Western Europe
Germany
France
Italy
Spain
U.K
Rest of Western Europe
Eastern Europe
Asia– Pacific:
Asia
China
India
Japan
South Korea
Rest of Asia
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https://www.marketresearchfuture.com/reports/mobile-money-market-1052
Pacific:
The Middle East & Africa:
The report for Global Mobile Money Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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