Table of Content

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.2.1 INCLUSIONS AND EXCLUSIONS 17
1.3 MARKET SCOPE 18
1.3.1 MARKET SEGMENTATION 18
1.3.2 REGIONS COVERED 19
1.3.3 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY CONSIDERED 20
1.5 STAKEHOLDERS 20

2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.2 PRIMARY DATA 22
2.1.2.1 Breakup of primary profiles 22
2.1.2.2 Key industry insights 23
2.2 MARKET BREAKUP AND DATA TRIANGULATION 23
2.3 MOBILE MONEY MARKET SIZE ESTIMATION 24
2.4 MARKET FORECAST 26
2.5 ASSUMPTIONS FOR THE STUDY 27
2.6 LIMITATIONS OF THE STUDY 27

3 EXECUTIVE SUMMARY 28

4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL MOBILE MONEY MARKET 31
4.2 MOBILE MONEY MARKET, BY TYPE OF PAYMENT, 2019 31
4.3 MOBILE MONEY MARKET, BY NATURE OF PAYMENT, 2019 VS. 2024 32
4.4 MOBILE MONEY MARKET, BY APPLICATION, 2019 32

5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Increase in the number of mobile subscribers 34
5.2.1.2 Government initiatives to promote cashless economy driving the growth of the mobile money market 35
5.2.1.3 Rise in the use of digital payment-based business models by organizations driving the global mobile money market growth 35
5.2.2 RESTRAINTS 35
5.2.2.1 Concerns over data security 35
5.2.3 OPPORTUNITIES 36
5.2.3.1 Increased flexibility by using mobile money to attract more business 36
5.2.3.2 Rising number of NFC-enabled handset to boost the mobile money market in coming years 36
5.2.4 CHALLENGES 36
5.2.4.1 Diversified regulations and policies across regions 36
5.2.4.2 Limited network coverage in developing regions 36
5.3 REGULATORY LANDSCAPE 37
5.3.1 ANTI-MONEY LAUNDERING/COMBATING FINANCING OF TERRORISM 37
5.3.2 PAYMENT SERVICE DIRECTIVES 37
5.3.3 SINGLE EURO PAYMENTS AREA 38
5.3.4 CONSULTATIVE GROUP TO ASSIST THE POOR 38
5.3.5 KNOW YOUR CUSTOMER 38
5.3.6 CREDIT CARD ACCOUNTABILITY RESPONSIBILITY AND DISCLOSURE ACT 38
5.4 USE CASES 39
5.4.1 USE CASE 1: VODAFONE 39
5.4.2 USE CASE 2: GOOGLE 39
5.4.3 USE CASE 3: GEMALTO 40
5.4.4 USE CASE 4: FISERV 40
5.4.5 USE CASE 5: FIS 40

6 MOBILE MONEY MARKET, BY TRANSACTION MODE 41
6.1 INTRODUCTION 42
6.2 POINT OF SALE 43
6.2.1 INCREASING ADOPTION OF MOBILE PAYMENT METHODS BY BRICK AND MORTAR BUSINESSES TO DRIVE THE DEMAND FOR POINT OF SALE TRANSACTION MODE 43
6.3 MOBILE APPS 44
6.3.1 MULTIPLE FUNCTIONALITIES PROVIDED BY MOBILE APPS TO DRIVE THE GROWTH OF THE MOBILE APPS SEGMENT 44
6.4 QR CODES 45
6.4.1 EASY-TO-USE USER INTERFACE OF QR-BASED APPLICATION TO ATTRACT MORE USERS TO THE QR-BASED PAYMENT SYSTEM 45
6.5 INTERNET PAYMENTS 46
6.5.1 INCREASING PROMOTION OF NET BANKING BY BANKS TO DRIVE THE GLOBAL INTERNET PAYMENTS MARKET 46
6.6 SMS AND STK/USSD PAYMENTS 47
6.6.1 INCREASING TRACTION OF SMS-BASED PAYMENT SYSTEM AMONG BUSINESSES TO BOOST THE MARKET OF SMS AND STK/USSD PAYMENTS 47
6.7 DIRECT CARRIER BILLING 48
6.7.1 DEMAND FOR DIRECT CARRIER BILLING TO GROW OWING TO THE INCREASING DEMAND FOR DIGITAL CONTENT FROM MOBILE USERS 48
6.8 MOBILE BANKING 49
6.8.1 ACCESS TO VARIOUS BANKING FACILITIES USING MOBILE BANKING TO BOOST THE MOBILE BANKING SEGMENT IN UPCOMING YEARS 49

7 MOBILE MONEY MARKET, BY NATURE OF PAYMENT 50
7.1 INTRODUCTION 51
7.2 PERSON TO PERSON 52
7.2.1 HEALTHY COMPETITION BETWEEN PERSON-TO-PERSON PAYMENT SERVICE PROVIDERS TO BOOST THE GLOBAL MARKET IN UPCOMING YEARS 52
7.3 PERSON TO BUSINESS 53
7.3.1 ADOPTION OF DIGITAL PAYMENT-BASED BUSINESS MODELS BY VENDORS TO DRIVE THE GROWTH OF PERSON-TO-BUSINESS MOBILE PAYMENT SEGMENT 53
7.4 BUSINESS TO PERSON 54
7.4.1 USE OF FOR BUSINESS-TO-PERSON PAYMENTS FOR SALARY DISBURSEMENTS, INCENTIVES, AND COMMISSION PAYMENTS TO BOOST ITS DEMAND 54
7.5 BUSINESS TO BUSINESS 55
7.5.1 RELIANCE OF BUSINESSES ON THIRD PARTIES FOR VARIOUS RESOURCES AND FUNCTIONALITIES TO DRIVE THE GROWTH OF BUSINESS-TO-BUSINESS MOBILE PAYMENTS 55

8 MOBILE MONEY MARKET, BY APPLICATION 56
8.1 INTRODUCTION 57
8.2 MONEY TRANSFERS 58
8.2.1 HIGH REAL-ESTATE COSTS AND LARGE-SCALE MIGRATIONS FOR WORK FROM DEVELOPING TO DEVELOPED COUNTRIES TO DRIVE THE TO DRIVE THE DEMAND FOR MONEY TRANSFERS 58
8.3 BILL PAYMENTS 59
8.3.1 EASE OF E-BILLING PAYMENTS TO FUEL THE DEMAND FOR MOBILE BILL PAYMENTS 59
8.4 AIRTIME TRANSFERS AND TOP-UPS 60
8.4.1 INCREASING NUMBER OF SERVICES OFFERED BY TELECOM PLAYERS TO DRIVE THE AIRTIME TRANSFERS AND TOP-UPS PAYMENTS 60
8.5 TRAVEL AND TICKETING 61
8.5.1 DEVELOPING NEW TRANSPORTATION INFRASTRUCTURE IN MANY COUNTRIES TO DRIVE THE DEMAND FOR TRAVEL AND TICKETING MOBILE PAYMENTS 61
8.6 MERCHANDISE AND COUPONS 62
8.6.1 RISE OF ECOMMERCE TO DRIVE THE GROWTH OF THE MERCHANDISE AND COUPONS SEGMENT 62

9 MOBILE MONEY MARKET, BY TYPE OF PAYMENT 63
9.1 INTRODUCTION 64
9.2 REMOTE PAYMENTS 65
9.2.1 RISE OF ECOMMERCE AND THIRD-PARTY DIGITAL PAYMENT SERVICES TO DRIVE THE DEMAND FOR REMOTE PAYMENTS 65
9.3 PROXIMITY PAYMENTS 66
9.3.1 INCREASING ADOPTION OF MOBILE PAYMENT TECHNOLOGIES BY BRICK AND MORTAR-BASED BUSINESSES TO DRIVE THE DEMAND FOR PROXIMITY PAYMENTS 66

10 MOBILE MONEY MARKET, BY REGION 67
10.1 INTRODUCTION 68
10.2 NORTH AMERICA 70
10.2.1 UNITED STATES 72
10.2.1.1 Business expansion strategies adopted by major mobile money providers contribute to the growth of the mobile money market in United States 72
10.2.2 CANADA 72
10.2.2.1 Lucrative mobile money service offerings from various mobile network operators to drive the growth of the mobile money market in Canada 72
10.3 EUROPE AND CENTRAL ASIA 73
10.3.1 UNITED KINGDOM 75
10.3.1.1 Various initiatives by government to promote security and ease of payments to boost the adoption of the mobile money market in the United Kingdom 75
10.3.2 GERMANY 76
10.3.2.1 Large presence of mobile payment solution providers in Germany to drive the growth of the mobile money market 76
10.3.3 REST OF EUROPE AND CENTRAL ASIA 76
10.4 ASIA PACIFIC 76
10.4.1 CHINA 79
10.4.1.1 Increasing eCommerce industry and the adoption of mobile payment to fuel the growth of mobile money in China 79
10.4.2 INDIA 81
10.4.2.1 Increasing adoption of smartphones, along with a favorable regulatory environment, to boost the adoption of mobile money in India 81
10.4.3 REST OF ASIA PACIFIC 84
10.5 MIDDLE EAST AND AFRICA 84
10.5.1 MIDDLE EAST AND NORTH AFRICA 87
10.5.1.1 Increasing government initiatives for digitalizing society to fuel the growth of the mobile money market in the country 87
10.5.2 SUB-SAHARAN AFRICA 89
10.5.2.1 South Africa 92
10.5.2.1.1 Government initiatives triggering the growth of the mobile money market in the country 92
10.5.2.2 Kenya 94
10.5.2.2.1 Increasing partnership between banks, mobile network operators, governments, and businesses to digitalize payments in Kenya to boost the adoption of mobile money 94
10.5.2.3 Tanzania 96
10.5.2.3.1 Interoperability between mobile money service providers to enhance the growth of mobile money market in Tanzania 96
10.5.2.4 Uganda 98
10.5.2.4.1 High mobile subscription penetration to drive the growth of mobile money market in Uganda 98
10.5.2.5 Ghana 100
10.5.2.5.1 Various partnerships between mobile network operators and banks to boost the growth of the mobile money market in the country 100
10.5.2.6 Zimbabwe 102
10.5.2.6.1 High mobile penetration rate and a high percentage of unbanked population to drive the adoption of mobile money in Zimbabwe 102
10.5.2.7 Nigeria 104
10.5.2.7.1 Low penetration of financial services to fuel the adoption of mobile money in Nigeria 104
10.5.2.8 Ivory Coast 106
10.5.2.8.1 Interoperability between mobile money providers to play an important role in the growth of the mobile money market in Ivory Coast 106
10.5.2.9 Rest of Sub-Saharan Africa 108
10.6 LATIN AMERICA 109
10.6.1 BRAZIL 112
10.6.1.1 Strong government initiatives for digital payments to fuel the growth of mobile money in Brazil 112
10.6.2 MEXICO 113
10.6.2.1 Recent government initiatives to drive the growth of the mobile money market in the country 113
10.6.3 REST OF LATIN AMERICA 113
11 COMPLETIVE LANDSCAPE 114
11.1 INTRODUCTION 114
11.2 COMPETITIVE SCENARIO 115
11.2.1 PARTNERSHIPS 115
11.2.2 NEW PRODUCT LAUNCHES 116
11.2.3 ACQUISITIONS 117
12 COMPANY PROFILES 118
12.1 INTRODUCTION 118
12.2 VODAFONE GROUP 118
(Business Overview, Solutions Offered, Recent Developments, and MNM View)*
12.3 GOOGLE 121
12.4 ORANGE 123
12.5 FIDELITY NATIONAL INFORMATION SERVICES 125
12.6 PAYPAL 127
12.7 MASTERCARD 130
12.8 FISERV 132
12.9 AIRTEL 134
12.10 GEMALTO 136
12.11 ALIPAY 138
12.12 MTN 140
12.13 PAYTM 140
12.14 SAMSUNG ELECTRONICS 141
12.15 VISA 141
12.16 TENCENT 142
12.17 GLOBAL PAYMENTS 142
12.18 SQUARE 143
12.19 AMAZON 144
12.20 APPLE 144
12.21 WESTERN UNION 145
12.22 COMVIVA 145
12.23 T- MOBILE 146
*Details on Business Overview, Solutions Offered, Recent Developments, and MNM View might not be captured in case of unlisted companies.

13 APPENDIX 147
13.1 DISCUSSION GUIDE 147
13.2 KNOWLEDGE STORE 150
13.3 AVAILABLE CUSTOMIZATIONS 152
13.4 RELATED REPORTS 152
13.5 AUTHOR DETAILS 153



List of Figures



FIGURE 1 GLOBAL MOBILE MONEY MARKET: RESEARCH DESIGN 21
FIGURE 2 METHOD 1: BASED ON COMPANIES’ REVENUE FROM MOBILE MONEY SOLUTIONS (TOP-DOWN) 24
FIGURE 3 METHOD 2: VERTICAL LEVEL (BOTTOM-UP) 25
FIGURE 4 MOBILE MONEY MARKET TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD 28
FIGURE 5 POINT-OF-SALE SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 29
FIGURE 6 LATIN AMERICA TO WITNESS THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 29
FIGURE 7 GROWING NUMBER OF MOBILE SUBSCRIBERS TO SUPPORT THE MOBILE MONEY MARKET GROWTH 31
FIGURE 8 REMOTE PAYMENTS SEGMENT TO ACCOUNT FOR A HIGHER MARKET SHARE
IN 2019 31
FIGURE 9 PERSON TO PERSON SEGMENT TO HOLD THE HIGHEST MARKET SHARE DURING THE FORECAST PERIOD 32
FIGURE 10 MERCHANDISE AND COUPONS SEGMENT TO HOLD THE HIGHEST CAGR DURING THE FORECAST PERIOD 32
FIGURE 11 MOBILE MONEY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 33
FIGURE 12 MOBILE APPS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 42
FIGURE 13 PERSON TO BUSINESS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 51
FIGURE 14 MERCHANDISE AND COUPONS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 57
FIGURE 15 PROXIMITY PAYMENTS SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 64
FIGURE 16 ASIA PACIFIC TO HOLD THE HIGHEST MARKET SIZE DURING THE FORECAST PERIOD 68
FIGURE 17 LATIN AMERICA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 69
FIGURE 18 ASIA PACIFIC: MARKET SNAPSHOT 77
FIGURE 19 LATIN AMERICA: MARKET SNAPSHOT 110
FIGURE 20 KEY DEVELOPMENTS IN THE MOBILE MONEY MARKET DURING 2016–2019 114
FIGURE 21 MARKET EVALUATION FRAMEWORK, 2017–2019 115
FIGURE 22 VODAFONE: COMPANY SNAPSHOT 119
FIGURE 23 GOOGLE: COMPANY SNAPSHOT 121
FIGURE 24 ORANGE: COMPANY SNAPSHOT 123
FIGURE 25 FIS: COMPANY SNAPSHOT 125
FIGURE 26 PAYPAL: COMPANY SNAPSHOT 127
FIGURE 27 MASTERCARD: COMPANY SNAPSHOT 130
FIGURE 28 FISERV: COMPANY SNAPSHOT 132
FIGURE 29 AIRTEL: COMPANY SNAPSHOT 134
FIGURE 30 GEMALTO: COMPANY SNAPSHOT 136

 

List of Tables



TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2016–2018 20
TABLE 2 FACTOR ANALYSIS 26
TABLE 3 MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 42
TABLE 4 POINT OF SALE: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 43
TABLE 5 MOBILE APPS: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 44
TABLE 6 QR CODES: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 45
TABLE 7 INTERNET PAYMENTS: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 46
TABLE 8 SMS AND STK/USSD PAYMENTS: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 47
TABLE 9 DIRECT CARRIER BILLING: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 48
TABLE 10 MOBILE BANKING: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 49
TABLE 11 MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 51
TABLE 12 PERSON TO PERSON: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 52
TABLE 13 PERSON TO BUSINESS: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 53
TABLE 14 BUSINESS TO PERSON: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 54
TABLE 15 BUSINESS TO BUSINESS: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 55
TABLE 16 MOBILE MONEY MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 57
TABLE 17 MONEY TRANSFERS: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 58
TABLE 18 BILL PAYMENTS: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 59
TABLE 19 AIRTIME TRANSFERS AND TOP-UPS: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 60
TABLE 20 TRAVEL AND TICKETING: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 61
TABLE 21 MERCHANDISE AND COUPONS: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 62
TABLE 22 MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT, 2017–2024 (USD MILLION) 64
TABLE 23 REMOTE PAYMENTS: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 65
TABLE 24 PROXIMITY PAYMENTS: MOBILE MONEY MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 66
TABLE 25 TRANSACTION VALUE, BY REGION, 2017–2024 (USD BILLION) 68
TABLE 26 MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 69
TABLE 27 NORTH AMERICA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 70
TABLE 28 NORTH AMERICA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT, 2017–2024 (USD MILLION) 70
TABLE 29 NORTH AMERICA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 71
TABLE 30 NORTH AMERICA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 71
TABLE 31 NORTH AMERICA: MOBILE MONEY MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 72
TABLE 32 EUROPE AND CENTRAL ASIA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE, 2017–2024 (USD MILLION) 73
TABLE 33 EUROPE AND CENTRAL ASIA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT, 2017–2024 (USD MILLION) 74
TABLE 34 EUROPE AND CENTRAL ASIA: MOBILE MONEY MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 74
TABLE 35 EUROPE AND CENTRAL ASIA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT, 2017–2024 (USD MILLION) 75
TABLE 36 EUROPE AND CENTRAL ASIA: MOBILE MONEY MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 75
TABLE 37 ASIA PACIFIC: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 77
TABLE 38 ASIA PACIFIC: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 78
TABLE 39 ASIA PACIFIC: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 78
TABLE 40 ASIA PACIFIC: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 79
TABLE 41 ASIA PACIFIC: MOBILE MONEY MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 79
TABLE 42 CHINA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 80
TABLE 43 CHINA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 80
TABLE 44 CHINA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 81
TABLE 45 CHINA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 81
TABLE 46 INDIA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 82
TABLE 47 INDIA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 83
TABLE 48 INDIA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 83
TABLE 49 INDIA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 83
TABLE 50 MIDDLE EAST AND AFRICA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE, 2017–2024 (USD MILLION) 85
TABLE 51 MIDDLE EAST AND AFRICA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT, 2017–2024 (USD MILLION) 85
TABLE 52 MIDDLE EAST AND AFRICA: MOBILE MONEY MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 86
TABLE 53 MIDDLE EAST AND AFRICA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT, 2017–2024 (USD MILLION) 86
TABLE 54 MIDDLE EAST AND AFRICA: MOBILE MONEY MARKET SIZE, BY SUB-REGION, 2017–2024 (USD MILLION) 86
TABLE 55 MIDDLE EAST AND NORTH AFRICA: MOBILE MONEY MARKET SIZE BY TRANSACTION MODE, 2017–2024 (USD MILLION) 87
TABLE 56 MIDDLE EAST AND NORTH AFRICA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT, 2017–2024 (USD MILLION) 88
TABLE 57 MIDDLE EAST AND NORTH AFRICA: MOBILE MONEY MARKET SIZE BY APPLICATION, 2017–2024 (USD MILLION) 88
TABLE 58 MIDDLE EAST AND NORTH AFRICA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT, 2017–2024 (USD MILLION) 89
TABLE 59 SUB-SAHARAN AFRICA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE, 2017–2024 (USD MILLION) 89
TABLE 60 SUB-SAHARAN AFRICA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT, 2017–2024 (USD MILLION) 90
TABLE 61 SUB-SAHARAN AFRICA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 90
TABLE 62 SUB-SAHARAN AFRICA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT, 2017–2024 (USD MILLION) 91
TABLE 63 SUB-SAHARAN AFRICA: MOBILE MONEY MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 91
TABLE 64 SOUTH AFRICA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 92
TABLE 65 SOUTH AFRICA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 93
TABLE 66 SOUTH AFRICA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 93
TABLE 67 SOUTH AFRICA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 93
TABLE 68 KENYA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 94
TABLE 69 KENYA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 95
TABLE 70 KENYA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 95
TABLE 71 KENYA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 95
TABLE 72 TANZANIA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 96
TABLE 73 TANZANIA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 97
TABLE 74 TANZANIA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 97
TABLE 75 TANZANIA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 98
TABLE 76 UGANDA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 98
TABLE 77 UGANDA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 99
TABLE 78 UGANDA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 99
TABLE 79 UGANDA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 100
TABLE 80 GHANA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 101
TABLE 81 GHANA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 101
TABLE 82 GHANA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 102
TABLE 83 GHANA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 102
TABLE 84 ZIMBABWE: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 103
TABLE 85 ZIMBABWE: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 103
TABLE 86 ZIMBABWE: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 104
TABLE 87 ZIMBABWE: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 104
TABLE 88 NIGERIA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 105
TABLE 89 NIGERIA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 105
TABLE 90 NIGERIA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 106
TABLE 91 NIGERIA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 106
TABLE 92 IVORY COAST: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 107
TABLE 93 IVORY COAST: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 107
TABLE 94 IVORY COAST: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 108
TABLE 95 IVORY COAST: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 108
TABLE 96 LATIN AMERICA: MOBILE MONEY MARKET SIZE, BY TRANSACTION MODE 2017–2024 (USD MILLION) 110
TABLE 97 LATIN AMERICA: MOBILE MONEY MARKET SIZE, BY NATURE OF PAYMENT 2017–2024 (USD MILLION) 111
TABLE 98 LATIN AMERICA: MOBILE MONEY MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 111
TABLE 99 LATIN AMERICA: MOBILE MONEY MARKET SIZE, BY TYPE OF PAYMENT 2017–2024 (USD MILLION) 112
TABLE 100 LATIN AMERICA: MOBILE MONEY MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 112
TABLE 101 PARTNERSHIPS, 2018–2019 115
TABLE 102 NEW PRODUCT/SERVICE LAUNCHES AND PRODUCT ENHANCEMENTS 2018–2019 116
TABLE 103 ACQUISITIONS, 2018–2019 117