{"product_id":"africa-mobile-money-market-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Africa Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eAfrica Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003c\/p\u003e\n\u003cp\u003eMarket Overview:\u003c\/p\u003e\n\u003cp\u003eThe Africa mobile money market size reached US$ 552.7 Million in 2022. Looking forward, McKinsey \u0026amp; Well expects the market to reach US$ 1,829.7 Million by 2028, exhibiting a growth rate (CAGR) of 21.96% during 2023-2028.\u003c\/p\u003e\n\u003cp\u003eMobile money is a payment type made using mobile phones. It is based on the accounts held by a mobile operator and is accessible from subscribers’ phones. Mobile money offers simple person-to-person transactions rather than complex banking transactions. Africa has the largest mobile money market across the globe with telecom operators embracing innovative practices that allow customers to pay bills and access services including loans, insurance and savings.\u003c\/p\u003e\n\u003cp\u003eMobile money provides various financial services to people who have limited access to traditional financial institutions especially to women and rural population. Growing mobile money providers in emerging markets such as Africa helps to boost the mobile money transactions in public and private sectors. Also, the high internet penetration rates will raise the mobile money transactions as well. Moreover, the ease of accessibility, 24\/7 availability, security, lower transaction costs and user friendliness will accelerate the market growth in the forecast period in the region. Countries such as Kenya and Uganda have over half of the adult population using digital financial services. Apart from increasing access to financial services, the growing mobile money industry in African region has offered a new career path and additional income opportunities to many small-scale entrepreneurs as mobile banking agents. Further, with the mobile device becoming a regularly used device, mobile money services have prominently transformed the user’s payment and money transfer experiences.\u003c\/p\u003e\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\u003cp\u003eMcKinsey \u0026amp; Well provides an analysis of the key trends in each sub-segment of the Africa mobile money market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on technology, business model and transaction type.\u003c\/p\u003e\n\u003cp\u003eBreakup by Technology:\u003c\/p\u003e\n\u003cp\u003eUSSD\u003cbr\u003eMobile Wallets\u003cbr\u003eOthers\u003c\/p\u003e\n\u003cp\u003eBreakup by Business Model:\u003c\/p\u003e\n\u003cp\u003eMobile Led Model\u003cbr\u003eBank Led Model\u003c\/p\u003e\n\u003cp\u003eBreakup by Transaction Type:\u003c\/p\u003e\n\u003cp\u003ePeer to Peer\u003cbr\u003eBill Payments\u003cbr\u003eAirtime Top-ups\u003cbr\u003eOthers\u003c\/p\u003e\n\u003cp\u003eCurrently, bill payments transaction type holds the highest share in the market.\u003c\/p\u003e\n\u003cp\u003eBreakup by Country:\u003c\/p\u003e\n\u003cp\u003eTanzania\u003cbr\u003eKenya\u003cbr\u003eUganda\u003cbr\u003eGhana\u003cbr\u003eOthers\u003c\/p\u003e\n\u003cp\u003eKenya currently holds the largest market share.\u003c\/p\u003e\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e\n\u003cp\u003eThe report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry. Some of the key players include:\u003c\/p\u003e\n\u003cp\u003eMTN\u003cbr\u003eOrange\u003cbr\u003eM-Pesa\u003cbr\u003eTigo-Pesa\u003cbr\u003eAirtel Money\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\u003cp\u003eWhat was the size of the Africa mobile money market in 2022?\u003cbr\u003eWhat is the expected growth rate of the Africa mobile money market during 2023-2028?\u003cbr\u003eWhat has been the impact of COVID-19 on the Africa mobile money market?\u003cbr\u003eWhat are the key factors driving the Africa mobile money market?\u003cbr\u003eWhat is the breakup of the Africa mobile money market based on technology?\u003cbr\u003eWhat is the breakup of the Africa mobile money market based on the business model?\u003cbr\u003eWhat is the breakup of the Africa mobile money market based on the transaction type?\u003cbr\u003eWhat are the key regions in the Africa mobile money market?\u003cbr\u003eWho are the key players\/companies in the Africa mobile money market?\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"March, 2023 \/ 128 Pages \/ MCW16274819","offer_id":47709264052530,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/africa-mobile-money-market-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}