Africa Mobile Money Market - Future Outlook and Projections 2019

·         Future Growth of Africa Mobile Money Market is expected to be driven by expanding reach of market players across nations and increasing government support towards financial inclusion

·         Mobile Money Market is expected to be willingly adopted by the countries in order to provide money remittance services to the residents.

Ken Research announced its latest publication on “Africa Mobile Money Industry Outlook to 2019 – Growth Led by Governmental Support and Mobile Network Operators” which provides an in-depth analysis of the Asia-Pacific Mobile Money Industry and covers specific insights on the market size in terms of value, segmentation by geography & product wise segmentation by major countries, drivers and restraints, recent trends and developments and future outlook of the mobile money Industry at the global and regional level. The report also entails a detailed description of the prominent and emerging geographic markets of the region including Kenya, Tanzania, Uganda and Nigeria amongst others.

Africa Mobile Banking Market

The mobile money industry across the world has been continuously growing and expanding across various regions. The traction of the market is more aptly visible in the developing third world countries as compared to developed countries such as the US. Africa has been one of the early adopters of the mobile money in the world with the value of transactions growing at a CAGR of ~% over the period of 2009-2014. In 2014, the transactions value in Africa surged at the rate of ~%, totaling to USD ~billion. With nearly ~% of the m-payment transactions originating in East-Africa, this region leads the African market of m-payments. In Africa, mobile phones have transformed into the lifelines for the people who possess limited access to the financial services. The value of transactions performed through mobiles has inclined from USD ~ billion in 2009 to USD ~ billion in 2014.

“The mobile wallets in the coming years are expected to include more features enabling the customers to perform transactions for a variety of purposes. The mobile payments market in Africa is anticipated to grow from traditionally popular money transfer services to include much more advanced forms of payments including merchant bill payments, electricity, water bill payments, fees, ATM withdrawal services, loans and  others”, according to the Research Analyst, Ken Research.

Key Topics Covered in the Report:

Africa Mobile Money Market

              -   Market Size by Transactions Value

              -   Market Segmentation by

-          Source of Funding

-          Location-Remote and Proximity Payments

-          Purpose of payments

              -   Country Wise Market Size and Segmentation

              -   Company and Product Profiles of Major Players by Country

              -   Business Models, Value Chain Analysis, Industry Participants, Key Concerns

              -   Future Outlook and Projections

Products Covered in the Report:

-          Mobile Wallet

-          Mobile Banking

-          MPOS

-          Mobile Payment/ Mobile Money

-          Proximity Payments

-          Remote Payments

Companies Covered in the Report

-          Safaricom M-PESA

-          Airtel Money

-          Essar yuCash

-          Orange Money

-          Zantel

-          Tigo Tanzani

-          Vodacom

-          First National Bank

-          Exim Bank

-          National Microfinance Bank

-          MTN Mobile Money

-          UTL M-Sente

Countries Covered:

-          Kenya

-          Uganda

-          Nigeria

-          Tanzania

Source: https://www.kenresearch.com/banking-financial-service-insurance/financial-services/africa-mobile-payments-market-research-report/633-93.html

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-11-47017199