Mobile Money Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026
Mobile Money Global Market Report 2022 by The Business Research Company – Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, Sept. 15, 2022 /EINPresswire.com/ — According to the Mobile Money Global Market Report 2022 published by The Business Research Company, the mobile money market size is expected to reach US$6.97 billion -$ will grow to $6.97 billion in 2021 and $8.85 billion in 2022 at a compound annual growth rate (CAGR) of 26.93%. The global mobile money market size is expected to grow to US$22.16 billion in 2026 at a compound annual growth rate (CAGR) of 25.79%. The increasing adoption of mobile POS (point of sale) is driving the growth of the mobile money market.
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The mobile money market consists of the sale by businesses (organizations, sole traders and partnerships) of mobile money solutions, which relate to the electronic payment of money from one person or organization to another using mobile devices. This digital payment technology is embedded in the device and can be used on regular smartphone devices. Users can use this solution to receive, withdraw and send money without using the usual banking system. Mobile money is a popular alternative to bank accounts because it is safe and easy.
Global mobile money market trends
Technological advancement is a major trend that is gaining popularity in the mobile money market. The market is witnessing the implementation of advanced technologies like NFC technology in mobile money for contactless payments. NFC (Near Field Communication) is a short-range wireless connection mechanism that enables communication between nearby devices using magnetic field induction, enabling fast payment and removing contact-based payments. Large companies operating in the mobile money market focus on providing technologically advanced mobile money solutions to strengthen their market positions.
Global mobile money market segments
The global mobile money market is segmented into:
By Transaction Type: Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), Business-to-Business (B2B)
By payment: remote payments, proximity payments
By Application: Bill Payments, Money Transfers, Top Up & Top Up, Ticket Payment, Other
By Geography: The global mobile money market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific has the largest share.
Read more about the Global Mobile Money Market Report at:
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The Mobile Money Global Market Report 2022 is one of a series of new reports from The Business Research Company providing global Mobile Money market overviews, Mobile Money industry analysis and forecasts of market size and growth for the global Mobile Money Market, global market share for Mobile Money, Global Mobile Money Market Segments and Regions, Global Mobile Money Market Trends, Global Mobile Money Market Players, Revenue, Profiles and Market Shares of the Leading Mobile Money Competitors in the Global Market. The Mobile Money Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC Mobile Money Global Market Report 2022 provides information on the following:
Data segmentations: market size, global, by region and country, historical and forecast, and growth rates for 60 regions
Major Market Players: Vodafone, Google, Orange, Fidelity National Information Services, PayPal, Mastercard, Fiserv, Airtel, Alipay, MTN, PAYTM, Samsung, VISA, Tencent, Global Payments, Square, Amazon, Apple, Western Union Holdings, Comviva, T -Mobile, Obopay, FTS, Peerbits, Panamax and Alepo.
Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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