Sarasota, FL — 12/19/2017 — Global Mobile Money Market: Overview
Mobile money is a convenient and efficient method of making payments, transferring money and other transactions through a mobile phone. It provides better option along with a complete integrated system for transferring money with a very convenient way. Companies focus on strategies to adopt innovative mobile-centric payment systems in order to fasten the process. These services are initiated through mobile wallet by using a mobile phone. Mobile money is accompanied by the broader area of electronic commerce where mobile device are used to purchase items, physical or electronically. The mobile money market is continuously evolving and enables development of new technologies. Mobile money offers advantages of availability of different sources for money transaction from one place to another. This mode does money transactions quickly and within less time and no effort.
Global Mobile Money Market: Growth Factors
Constantly developing technology comprised of new product lines are the major drivers for the global mobile money market. Mobile money has become a crucial component of the advance e-commerce industries. In last few years, mobile money market has experienced a rapid upsurge in increasing automation, integrating the entire value chain, and technological advancements of the e-commerce industries. This is anticipated to foster the global mobile money market growth in next few years. Growth in the e-commerce activities and increasing awareness consumer awareness about the internet may fuel the global market growth in coming years. Increasing double income and rising urbanization is expected to propel the global mobile money market growth. However, huge initial investment needs for development of mobile money may hinder the global market growth.
Global Mobile Money Market: Segmentation
The global mobile money market is classified based on the nature of payment as business-to-business, person-to-business, person-to-person, and business-to-person. On the basis of transaction mode, the global market is bifurcated as IVRS, NFC/smart card, STK/USSD, direct mobile billing, mobile apps, mobile web/WAP payments, SMS, and others. Moreover, on the basis of the type of purchase, the global market is divided into travel and ticketing, money transfers and payments, airtime transfer and top-ups, digital products, and merchandise and coupons. Furthermore, based on vertical, the global mobile money market is fragmented as energy and utilities, media and entertainment, travel and hospitality, BFSI, transportation and logistics, healthcare, retail, telecom and IT, and others.
Request Free Sample Report @ https://goo.gl/3Vsu93
Global Mobile Money Market: Regional Analysis
North America accounted for the largest market share in the global mobile money market where consumers are adopting mobile money at large extent. Emerging countries such as China, India, Malaysia, and Vietnam are contributing to significant growth in the global mobile money market. However, South Africa, Kenya, and Latin America are growing at the fastest rate to grab largest market share in the global market, which may enhance the global mobile money market in future.
Browse detail report @ https://goo.gl/JQ5TEJ
(Get this report at discounted price $2519.30)
Global Mobile Money Market: Competitive Players
Major players dominating the global mobile money market are Boku, Inc., WePay, Inc., Amobee, Inc., Paypal, Inc., Stripe, Dwolla, Inc., Judo Payments, Bango.net Limited, Square, Inc., and Fortumo OÜ.
For Media Inquiry contact our sales Team @ [email protected]
About Zion Market Research
Zion Market Research is an obligated company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Latest posts by Maria Burns (see all)
- Tidal Energy Market Size, Analysis, Trends, Report, Share, Investment Opportunities and Forecast to 2023 - February 23, 2018
- THEKEY reaches Cooperation on Research of Security Supervision Mechanism of Social Security Data Socialization - February 23, 2018
- Current Edition of the Rigaku Journal Features X-ray Analysis News and Technical Articles - February 23, 2018