Mobile Money - Emerging Trends, Growth Drivers and Future Outlook, Market Size, Shares and Key Analysis

Even though organizations within telecom industry are concerned about security and privacy issues and lack of awareness about mobile money, increasing penetration of smartphones and internet, preference for cashless transactions and growing e-commerce will push mobile money usage over the next two years. Globally, investment on mobile money services is anticipated to increase by 22.2% during the next two years which will result in revenue share of mobile money reaching towards 9% in the coming two years. Asia and Africa are expected to offer significant growth for mobile money over the next two years with technological innovation and focus on interoperability emerging as prominent trends.

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Key Findings

• Organizations prefer to provide bill payment and airtime top-up using mobile money as compared to other services


• Globally, investment on mobile money services is anticipated to increase by 22.2% over the next two years


• Increasing penetration of smartphones and internet, and preference for cashless transactions will drive mobile money usage during the next two years


• Technological innovation and increasing focus on interoperability will significantly impact mobile money in the coming two years


• Asia and Africa are expected to offer significant growth for mobile money over the next two years


• Security and privacy concerns will restrict the growth prospects of mobile money during the next two years