Asia-Pacific Mobile
Money Industry Prospects till 2019 – China and India to Bolster Growth”
provides an in-depth analysis of the Mobile Money Industry and covers specific
insights on the market size in terms of global mobile money market value, region
and product wise segmentation, value chain analysis, business models, 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 China and
India.
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| Asia Mobile Money Market |
Mobile money is an emerging concept in the global market
which represents a profitable opportunity with a massive social impact by
allowing customers to access services which can help them to effectively manage
their day to day routines. The concept of
mobile money or mobile payment revolves around utilizing the mobile phones to
transfer money and make payments. The mobile money industry across the
world has been continuously growing and expanding across various regions. The
global mobile money market was estimated to be USD ~ billion, in terms of value
of transactions taking place in 2014. The market has expanded at an outstanding
CAGR of ~% over the period of 2008-2014. The massive increase in the payments,
remittance and banking value is anticipated to be driven by Asia-Pacific
region, with countries including China and India.
In 2009, Asia Pacific
accounted for the highest number of mobile payment users worldwide, followed by
Europe and North America. Consequently, the region also noted the highest share
in the transactions being operated through mobile devices, which was registered
at 71.2% in 2009. Moreover, Asia-Pacific
has continued to lead the market for mobile payment adoption in the world owing
to the supportive policies of the governments in various nations and rapidly
growing mobile phones subscriptions which has extended the services to even
lower strata of the society.
The mobile payments market in Asia Pacific region is
relatively varied and highly fragmented. The mobile money industry in China has
showcased a magnificent growth over the span of last few years. India has an
evolving landscape in terms of mobile money. The market is characterized with a
huge fragmentation observed in the number and nature of services provided.
Japan was the pioneer country which has had a long history of mobile payments. Japan
and South Korea were amongst the leading nations for the adoption of mobile
payments in the world and in Asia, owing to presence of most developed mobile
cultures.
The share of mobile banking and card payments has however
declined in the past years, owing to the increasing influx of players introducing
mobile wallet services. Over the past years, many mobile wallets have been
launched by various players such as telecom companies namely: Airtel Money
(India), Smart Money and GCash (Philippines) and third party providers; for
example, Alipay. Lakala, Tenpay (China).
The transactions value for mobile payments and m-wallet
industry in Asia pacific is expected to reach USD ~ billion by the end of 2019.
The industry size is estimated to grow at a CAGR of 174.8% over the period of
2019-2019. The maximum growth is to be reflected by China and India.
Key Topics Covered in the Report:
·
The
market size of the Global Mobile Money Market by Transaction Value
·
Global
Market Segmentation by Geographies covering Asia Pacific, Africa, North
America,
·
The
market size of the Asia Pacific Mobile Money Payment Market by transaction
value
·
Market
Segmentation of Asia Pacific mobile money market by source of funding, remote
and proximity payments and purpose of payments
·
Market
Size of China Mobile Money Industry by Volume, Value and number of Customers of
Mobile Banking and Third Party Providers
·
Market
Segmentation of China Mobile Money Industry by different channels of payments
and consumer and enterprise payments
·
Competitive
Landscape and Market Shares of major companies
·
Market
Size of India Mobile Money Industry by Volume and Value of M-wallet, Mobile
Banking and mPOS markets
·
Market
Segmentation of India M-wallet Industry by open, closed and semi-closed wallets
and consumer and enterprise payments
·
Company
Profiles and Market Share of Major Players in India Mobile Money Industry
·
Overview
of Mobile Money Industries in Japan, South Korea and The Philippines
·
Trends
and Developments, Business models and Value Chain Analysis
·
Future
Outlook and Projections of Asia-Pacific and Global Mobile Money Industry
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-11-47017199
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-11-47017199
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