1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends
  5. > Strategic Analysis of Mobile Money in Africa 

Strategic Analysis of Mobile Money in Africa 

  • March 2016
  • -
  • Frost & Sullivan
  • -
  • 15 pages

Introduction

In recent years, making financial services more accessible has been a priority for Sub-Saharan African countries. Increasing financial inclusion has been an extremely important part of the socio-economic growth objectives adopted by most countries in this region. Yet, large sections of the region are still plagued by an under-developed financial sector, with a significant portion of the adult population considered to be unbanked or underbanked. In contrast, Sub-Saharan Africa has the fastest growing telecom market in the world. In 2005, mobile penetration in the region was estimated to be around %. By 2015, this had risen to %. Similarly, while in 2005, less than % of the adult population held an account with a formal financial institution, by 2015, more than three-quarters of the population had access to mobile services.

Traditional banks have, however, struggled to expand their presence into the more rural and remote parts of Sub-Saharan Africa due to the high cost of establishing a brick-and-mortar presence in these areas. This has left many parts of the region underserved in terms of financial services, reducing the scope for formal economic activity. Mobile operators, on the other hand, have been able to reach parts of rural Sub-Saharan Africa that financial institutions have not been able to. Mobile money gives service providers the ability to leverage the existing mobile infrastructure to offer financial services more cost-effectively than traditional banks, using technology that is familiar to a growing portion of the population.

This market insight explores emerging developments in the mobile money market covering the best practices of some of the key providers and the key drivers of their success. Mobile money is also evolving from being simply a money transfer solution to one that enables monetary transactions and provides other financial services, and some of the impacts of these changes in both the medium and long terms will be addressed in this study.

Table Of Contents

Strategic Analysis of Mobile Money in Africa 
Introduction 3
Overview of the Market 4
Trends Shaping Africa's Mobile Money Market 7
Service Providers' Success Factors 8
The Mobile Money Evolution11
International Remittance Opportunities12
Conclusion 13
Legal Disclaimer14
The Frost and Sullivan Story 15

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Asia-Pacific Mobile Payments

Asia-Pacific Mobile Payments

  • $ 4950
  • Industry report
  • September 2016
  • by Frost & Sullivan

Spearheading Cashless Societies Countries within Asia-Pacific are trying to go cashless; mobile payment has been identified as an ideal solution to spearhead the transformation from cash-based to cashless ...

Mobile Wallet Market Analysis By Product (Proximity And Remote), By Application (Retail, Vending Machine, Public Transportation And Restaurants) And Segment Forecasts Till 2024

Mobile Wallet Market Analysis By Product (Proximity And Remote), By Application (Retail, Vending Machine, Public Transportation And Restaurants) And Segment Forecasts Till 2024

  • $ 4950
  • Industry report
  • October 2016
  • by Grand View Research

The global mobile wallet market is expected to reach USD 7,581.91 billion by 2024, according to a new report by Grand View Research, Inc. Growing mobile penetration with improved payment infrastructure ...

Mobile Money Market  - Global Market Outlook (2016-2022)

Mobile Money Market - Global Market Outlook (2016-2022)

  • $ 4157
  • Industry report
  • September 2016
  • by Stratistics MRC

According to Stratistics MRC, the Global Mobile Money market is estimated at $15.14 billion in 2015 and is expected to reach $140 billion by 2022 growing at a CAGR of 37.39% from 2015 to 2022. Increasing ...


Download Unlimited Documents from Trusted Public Sources

Mobile Payment Markets in China

  • November 2016
    23 pages
  • Mobile Payment  

  • China  

    Asia  

    World  

View report >

Global Payments Industry

  • November 2016
    92 pages
  • Payments  

  • World  

    Europe  

    North America  

View report >

Global Payments Industry

  • November 2016
    92 pages
  • Payments  

  • World  

    Europe  

    North America  

View report >

Payments Markets

29 days ago

Related Market Segments :

Mobile Payment

ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.