This report researches and evaluates the impact of COVID-19 outbreak on the market, including potential opportunities and challenges, drivers, and risks associated with the market. We present a detailed assessment of market growth based on numerous scenarios.

Market Overview:

The market report offers a detailed analysis of the market size, regional and country-level market size, segmentation, market growth, market share, competitive landscape, and the impact of domestic and global leading players.

Market Drivers:

The increasing number of government initiatives to promote a cashless economy, growing number of mobile subscribers, and the rising usage of digital payment-based business models are the significant factors contributing to the growth of the mobile money market share in terms of revenue. The digital revolution has disrupted the banking and financial sector. Organizations around the world are introducing unique business models that are impacting existing banking revenue. There are various factors, such as regulatory compliance, customer need, and continuous technological advancements, that are surging the demand for digital payment. Numerous global giants, such as Google LLC, Amazon.com Inc, and Apple Inc., have gone beyond the initial stage and are now focusing on expanding their territories. For instance, Alipay, a digital payment gateway created by Alibaba.com, facilitates payment between sellers and buyers by minimizing barriers such as low credit card penetration and lack of trust. In addition to this, the digital platform approach helps the mobile money providers to secure their services and is encouraging partnerships between mobile money companies to build a diverse and engaged user base. Thus, the accelerating demand for digital platforms is further surging the demand for the global mobile money market.

Various cashback discounts offered during payment is gaining traction among consumers. Currently, most of the mobile wallets provide the option to store all information, such as debit and credit card information, discount offers, and reward information, which helps in making the transaction easier. The combination of these remarkable advantages offered by mobile money will attract many consumers to opt for mobile money applications and mobile wallet apps. On the other hand, the increasing concerns related to data security will hamper the growth of the global mobile money market.

Market Segmentation:

The Mobile Money Market is split by transaction mode, nature of payment, application, type of payment, and regions. For the forecast period, the growth among the segments provides accurate calculations and forecasts for sales by different segments in terms of volume and value. This analysis will help in expanding the business by targeting qualified niche markets.

Segment by Transaction Mode:

Point of Scale
Mobile Apps
QR Codes
Internet Payments
SMS and STK/USSD Payments
Direct Carrier Billing
Mobile Banking
Segment by Nature of Payment:

Person to Person
Person to Business
Business to Person
Business to Business
Segment by Application:

Money Transfers
Bill Payments
Airtime Transfers and Tops-Ups
Travel & Ticketing
Merchandise & Coupons
Segment by Type of Payment:

Remote Payments
Proximity Payments
Segment by Region:

North America
o United States of America

o Canada

Asia Pacific
o China

o Japan

o India

o Rest of APAC

Europe
o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

RoW
o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape and Analysis:

The Mobile Money Market offers detailed information including company overview, market potential, global presence, and total revenue generated. The report will also provide market share, production sites, SWOT analysis, product launch, and other relevant data.

The key players for the Mobile Money Market are PayPal Payments Private Limited, Bharti Airtel Ltd, Gemalto NV, Mastercard International Incorporated, Google LLC, Orange SA, Fiserv, Inc, Alipay.com, Amazon.com, Inc, and Apple Inc., among others.

About GMI Research

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