Mobile Money Market is Expected to Boom Worldwide by 2026
Edison, NJ -- (SBWIRE) -- 11/29/2021 -- The Mobile Money Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
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Over the last decade, global digitalization has been increased robustly. In addition to this, the usage of Bit Money based trading has vigorously escalated the demand for mobile money. Furthermore, growing awareness about the advanced technologies as well as the increasing usage of smart devices will generate significant demand over the forecasted period with better communication facilities. However, the majority of the low-income population have adopted the low-quality applications which are prone to theft and higher transactional costs which might stagnate the business growth. Since mobile money is one of the innovative payment types. Introduction to these highly automated platforms has simplified the use of financial services by mobile devices.
On May 22, 2019, two trusted global and domestic payment networks Mastercard and Interac has collaborated to offer Canadians a fast, simple and secure way to send money internationally. By leveraging Mastercard Send, a push-payments service that powers a faster, better, smarter way to send money cross border, the Interac eTransfer platform will allow customers to send money from Canada to bank accounts internationally, starting with Europe. National Bank will be the first bank to pilot the new international remittance solution for its personal banking clients.
Major Players are:
Vodafone Group Plc. (United Kingdom),Gemalto (Netherlands),Fidelity National Information Services, Inc. (FIS) (United States),Google Inc. (United States),Mastercard Incorporated (United States),Bharti Airtel Limited (India),Orange S.A. (France),Monitise Plc (United Kingdom),Mahindra Comviva (India),PayPal Holdings, Inc. (United States),
NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The titled segments and sub-section of the market are illuminated below:
Mode of Transaction (Nfc/Smart Cards, Direct Mobile Billing, Mobile Web/Wap Payments, Short Message Service (SMS), Stk/USSD), Location of Payment (Remote Payments, Proximity Payments), Nature of Payment (Person to Person, Person to Business, Business to Person, Business to Business), Type of Purchase (Airtime transfer and top-ups, Money transfers and payments)
Introduction to Secure Remote Commerce (SRC) which Simplifies the Digital Transactions
Growing Adoption of Technologically Secure Biometric Authentication Technology
Growing Awareness About Advanced Digital Payment Software
Robustly Increasing Smartphone Industry leading to Rising Demand for Mobile Money
Lack of Secure Platform Provision from Undeveloped Economies
Skilled and Literate Consumer Base is Required for Ideal Use of Mobile Money
Minimized Gap Between Actual and Virtual Financial
Enhanced Flexibility Provisions Among the Mobile Money Services
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Extract from Table of Content:
Chapter 01 – Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Covid-19 Crisis Analysis on Global Mobile Money Market
Chapter 05 – Global Mobile Money Market - Pricing Analysis
Chapter 06 – Global Mobile Money Market Background
Chapter 07 -- Global Mobile Money Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Mobile Money Market
Chapter 09 – Global Mobile Money Market Structure Analysis
Chapter 10 – Global Mobile Money Market Competitive Analysis
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology
What are the market factors that are explained in the Mobile Money Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Questions Answered in the Report:
- How much is the Mobile Money Market Worth?
- What is the Growth Rate of the Mobile Money Market?
- Which Segment of the Mobile Money to Hold the Highest Market Share?
- Which Segment of the Mobile Money Market to Witness Fastest Growth Rate?
- Which Region to Hold the Biggest Market Share?
- Who are the Key Players of the Mobile Money Market?
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