Mobile Money Market Growth, Scope, Size, Key Players and Forecast 2018 to 2026
The major contributing factor for the growth of the market for Mobile Money can be t he growth of mobile penetration. The majority of the population today use mobile devices for transactions, due to penetration of e-commerce, e-banking services, e-governance, and others. Market Size – USD 16.1 billion in 2018, Market Growth - CAGR of 36.4%, Market Trends – Growth in e-commerce. The Mobile Money Market is expected to grow from USD 16.1 Billion in 2018 to USD 143.2 Billion by 2026, at a CAGR of 36.4% during the forecast period. Increasing usage of smartphones, increase in online transactions and e-banking, rise in advanced mobile applications and technology advancements, rise of e-commerce, Need to connect the virtual financial world with reality and enhanced flexibility provisions among the mobile money services, NFC taking mobile money to a new level and supporting public authorities are some of the driving factors of the market. The issues faced by enterpris...