Mobile Money Market Industry Analysis and Forecast 2021-2027 by Payment Type, Industry and Region.

The report looks at 34 countries that business executives in the sector believe to be desirable travel destinations. Based on their expected investment needs, dominance in certain geographic industries, and worldwide reach, top corporations are chosen for benchmarking and profiling. The entire market influence of each regional, international, and local competition has been taken into consideration.

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Mobile Money Market Overview:

The total market size by segments and nations was calculated using a micro level analysis of each nation. Using a bottom-up approach, the regional and global markets' sizes are determined. It is possible to establish the percentage of the entire market that the unorganised market makes up by micro-analysing each nation. To understand the market's drivers, restrictions, and opportunities, the corporate structure must perform a thorough examination. The outcomes are then verified by getting in touch with notable local businesspeople. Both for-profit and open-source information sources are used in the secondary inquiry and analysis of the same. Information on each player's output and consumption is gathered from a number of sources, such as open and closed registries and, in the case of publicly traded enterprises, the company's financial reports. You could get in touch with the local government's tax division if financial records are not made available.

Mobile Money Market size was valued at US$ 3.9 Bn. in 2020 and the total revenue is expected to grow at 26 % through 2021 to 2027, reaching nearly US$ 19.66 Bn.

Mobile Money Market Dynamics:

Simulation models are used to create market forecasts and estimates for MMR. A unique model created expressly for each enquiry is provided. Data on market dynamics, pricing trends, the technology environment, application development, and market dynamics are all simultaneously fed to the model. The relative relevance of these elements and their potential impact on the forecast period are analysed using correlation, regression, and time series analysis. Technological analysis, market knowledge, and topic comprehension are tools for market forecasting. In contrast to econometric models, which are frequently used for short-term forecasting, technology market models are primarily used for long-term forecasting. The convergence of the corporate environment, regulatory surrounds, economic prospects, and technical landscape supports these conclusions. To develop global estimates, it is desirable to estimate markets from the bottom up using data from important regional markets. In order to ensure accuracy and a complete understanding of the subject, this must be done.

The increase in the number of mobile phones user is driving the growth of the Mobile Money Market. The increasing number of mobile subscribers signifies an increasing potential for monetary transactions using mobile phones driving the growth at an exponential rate.

For online financial service providers, mobile money systems can provide a gateway to tap large unexplored market avenues as most of the population is yet to adopt this technology. By developing digital financial capabilities, companies can open themselves up to other submarkets like micropayments, data-based financial services, and potential digital markets.

The rise in the efficiency of mobile money transactions has led to an increase in overall spending which has encouraged companies to work towards developing this technology. The use of transaction modes like NFC/smart cards has sped up the process of transactions. People everywhere are increasingly adopting mobile banking services which ensure high transactional security. The development of e-commerce websites has also contributed to an increase in the number of online transactions which has driven the Mobile Money Market.

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Mobile Money Market Segment:

By Industry, market is integrating mobile money into a wider range of mobile-based health interventions (mHealth), paving the way for maintaining mHealth apps that rely heavily on donor funding. In developing countries, the healthcare system relies heavily on monetary transactions. Using cash for financial transactions creates inefficiencies, leaks, and security issues. On the patient side, cash is often used to pay for services at medical facilities, medicine at pharmacies, health insurance tickets and premiums, and travel to treatment.

Banking, Travel and Hospitality are the fastest growing application segments in the mobile money market and are expected to grow at CAGRs of 30.2% and 34.8%, respectively. Companies such as MakeMyTrip, Yatra, and redBus are driving the online payment and mobile money market by allowing bookings only via online platforms and billing directly via mobile operators.

Regional Analysis:

The five primary geographical regions of the Mobile Money market are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Research methodology:

• Top-down and bottom-up methodologies are employed to estimate and validate the size of the global Mobile Money market. A comprehensive list of noteworthy and active players is compiled by gamers who diligently follow the company's numerous classification requirements. The companies that are most relevant to the market under examination are chosen after a thorough validation procedure.
• Preference lists are created using commercial databases like Factiva, Bloomberg, and others and are organised in accordance with the revenue generated in the most recent quarter.
• Additionally, the questionnaire was created expressly to suit all requirements for gathering primary data in an appointment-only manner, depending on the main target groups. This facilitates our ability to gather data on a variety of topics, including player earnings, operating costs, profitability margins, and the expansion of various goods and services. The World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and other sources are used to verify about 70-80% of the data before it is used.

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Mobile Money Market Key players:

• FIS
• PayPal
• MasterCard
• Fiserve
• Airtel
• Gemalto
• Alipay
• MTN
• PAYTM
• Samsung

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