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Mobile Money (Mobile Banking & Mobile Payments) Market Poise $278.9 Billion by 2018

Mobile Money Market report is aimed at exploring the current and future growth potential of mobile money in terms of mobile payments and remittances, mobile banking and mobile commerce.

 

Dallas, TX -- (ReleaseWire) -- 02/19/2014 -- According to a new market research report “Mobile Money Market: (Mobile Payments, Mobile Remittance, Mobile Banking & Mobile Commerce) - Advanced Technologies, Value Chain, Adoption Trends & Worldwide Market Forecasts (2013–2018)”, published by MarketsandMarkets, segments the global market into various sub-segments with in-depth study of driving forces and challenges for the Mobile Payments market. The report also analyzes global adoption trends and future growth potential across different geographical regions.

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Browse
-112 market data tables
-61 figures spread through
-272 pages and in-depth TOC on “Mobile Money Market”

http://www.marketsandmarkets.com/Market-Reports/mobile-remittance-money-mcommerce-market-577.html

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Key Players in Mobile Money Market are Aepona, Comviva, C-SAM, Don River, eServ Global Ltd, Gemalto, Google, LUUP, MasterCard, mFoundry, Monitise, Moremagic, Obopay, PayPal, Sybase, UTIBA, Vesta, Visa Inc, XIUS and Yellow Pepper.

The mobile phones, which are seen as the device for the upper crust is changed and the number of mobile phones is expected to surpass the world’s population in the coming years. The Ubiquity of mobile phones and the major chunk of people who have no formal access to banks are the key drivers for the Mobile Money market. Mobile Money will offer a rewarding opportunity in terms of revenue for the people in its ecosystem both in the near future and over the long term. While talking about its ecosystem, it constitutes of many industries such as mobile network operators, banks and financial institutions, payment processors, mobile money platform providers, handset manufacturers, etc. because of its fragmented nature of the market.

The total Mobile Payments in terms of transaction value, total mobile money users and the active mobile money users forecast trends. MarketsandMarkets has segmented Mobile Money market by

-Based on the transaction mode ( NFC/ Smart cards, Direct operator billing, Mobile Web / WAP, SMS and others)
-Based on payment location (Remote payments, Proximity payments)
-Based on nature of Payments (Person to Person (P2P), Person to Business (P2B), Business to Person (B2P), Business to Business (B2B)
-Based on type of purchases (Air time transfers & Top Ups, Money Transfers and Mobile Payments, Merchandise & coupons, Travel Ticketing & Food, Digital products purchases)

MarketsandMarkets also forecasted the Installed base and unit shipments for NFC enabled devices over the period of 2013 -2018. The global Advancements, Business Models, Drivers, Restraints and Opportunities are also presented in the report.

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The market for Mobile Money is expected to grow from $13.8 billion in 2013 to $278.9 billion by 2018, at an estimated CAGR of 82.4% over the same period.

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