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Mobile Money Market: Key Segment that May Turn Out as Game Changer
Mobile Money Market Latest Edition Published with Forecast to 2028- Feb 26, 2024
- Application Software
The article cited AMA's Global Mobile Money Market Study explored substantial growth with CAGR of 32.34%. According the report, Introduction to Secure Remote Commerce (SRC) which Simplifies the Digital Transactions
is one of the primary growth factors for the market. Growing Awareness About Advanced Digital Payment Software
is also expected to contribute significantly to the Mobile Money market. Overall, applications of Mobile Money, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMA’s Analyst on the Global Mobile Money market identified that the demand is rising in many different parts of the world as "Minimized Gap Between Actual and Virtual Financial ". Furthermore, some recent industry insights like "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." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Secure Platform Provision from Undeveloped Economies and Skilled and Literate Consumer Base is Required for Ideal Use of Mobile Money"
The Mode of Transaction, such as Nfc/Smart Cards, is boosting the Mobile Money market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Location of Payment, such as Remote Payments, is boosting the Mobile Money market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Nature of Payment, such as Person to Person, is boosting the Mobile Money market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Type of Purchase, such as Airtime transfer and top-ups, is boosting the Mobile Money market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Mobile Money market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Mobile Money market and other related sub-markets covered in the study.
o Key & emerging players in the Mobile Money market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Mobile Money market size is calculated using market estimation process, the Mobile Money market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Mobile Money market size has been validated using both top-down and bottom-up approaches.
AMA’s Analyst on the Global Mobile Money market identified that the demand is rising in many different parts of the world as "Minimized Gap Between Actual and Virtual Financial ". Furthermore, some recent industry insights like "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." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Secure Platform Provision from Undeveloped Economies and Skilled and Literate Consumer Base is Required for Ideal Use of Mobile Money"
The Mode of Transaction, such as Nfc/Smart Cards, is boosting the Mobile Money market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Location of Payment, such as Remote Payments, is boosting the Mobile Money market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Nature of Payment, such as Person to Person, is boosting the Mobile Money market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Type of Purchase, such as Airtime transfer and top-ups, is boosting the Mobile Money market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Mobile Money market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Mobile Money market and other related sub-markets covered in the study.
o Key & emerging players in the Mobile Money market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Mobile Money market size is calculated using market estimation process, the Mobile Money market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Mobile Money market size has been validated using both top-down and bottom-up approaches.
Craig Francis
PR & Marketing Manager