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Mobile Money: Emerging Trends, Growth Drivers and Future Outlook 2016-2017

Mobile Money: Emerging Trends, Growth Drivers and Future Outlook 2016-2017

  • April 2016
  • 42 pages
  • ID: 3803344
In this report:
Small companies, accounting for ##% of total respondents, include companies generating US$## million or less in annual revenue.
Organizations intend to provide person-to-person payments, bill payment and merchant payment using mobile money as compared to other services Globally, investment on mobile money services is anticipated to increase by ##.##% over the next two years Increasing use of mobile money by companies and merchants, increasing penetration of smartphones and Internet, and preference for cashless transactions will drive mobile money use during the next two years Technological innovation and increasing competition in the mobile money space will significantly impact mobile money in the coming two years Asia and Africa are expected to offer significant growth for mobile money over the next two years Security and privacy concerns will restrict the growth prospects of mobile money during the next two years

Summary

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Brief

Even though organizations within telecom industry are concerned about security and privacy issues and prevention of frauds, increase in use of mobile money by corporations and merchants, growing penetration of smartphones and internet, and preference for cashless transactions will push mobile money usage over the next two years. Globally, investment on mobile money services is anticipated to increase by 23.10 percent during the next two years. Asia continent and African continent are anticipated to offer serious growth for mobile money over the next two years with technological innovation and rising competitor in the mobile money space emerging as main trends.

Main highlights

- Organizations prefer to provide person-to-person transfer and bill payment using mobile money as compared to other services

- Globally, investment on mobile money services is anticipated to increase by 23.10 percent over the next two years

- Increase in use of mobile money by firms and merchants, and growing penetration of smartphones and internet will drive mobile money usage during the next two years

- Technological innovation and rising competition in the mobile money space will significantly impact mobile money in the coming two years

- Asia area and African continent are anticipated to offer meaningful growth for mobile money over the next two years

- Security and privacy concerns will restrict the growth prospects of mobile money during the next two years

Abstract

Pyramid's Mobile Money - Emerging Trends, Growth Drivers and Future Outlook 2016-2017 report examines executives' opinion on main drivers of mobile money usage and forecasts likely to influence mobile money during the next two years. It also highlights regional growth outlook, investment projections, and main challenges. On top of, it offers data categorized by region and company type.

What else does this report offer?

- Mobile money product adoption status: features organizations position on mobile money product offerings

- Projected change in investment: examines anticipated change in expenditure on mobile money services over the next two years

- Key drivers: determines main factors influencing mobile money usage in the coming two years

- Future impacting trends: offers info about Forecasts likely to influence mobile money over the next two years

- Regional growth outlook: indicates growth prospects for mobile money across areas in the coming two years

- Barriers towards future growth: determines challenges anticipated to inhibit growth prospects of mobile money over the next two years.

Great reasons to purchase

- Highlights trends which will impact mobile money future prospects thus helping telecom organizations to realign business strategy

- Assist in development or adjustment of business expansion plans by providing information about regional growth outlook

- Benefits organizations to overcome obstacles by indicating challenges anticipated to inhibit growth prospects of mobile money over the next two years

- Highlights adoption status of product offerings over the next two years thus allowing organizations to boost revenues by focusing on select products

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