Global Mobile Money Investments to Increase by 23.1% in Next 2 Years, States Pyramid Research in Its Report Published at MarketPublishers.com
11 May 2016 • by Natalie Aster
LONDON – Even though organisations in the telecommunications industry are anxious about issues regarding privacy and security as well as fraud prevention, the usage of mobile money is expected to increase in the years to come. The key factors pushing this growth include an upsurge in the use of mobile money by merchants and firms, growing penetration of Internet and smartphones, and the increased embracement of cashless payment alternatives.
Worldwide, investments in mobile money services are likely to surge by 23.1% over the next couple of years. Asia and Africa are anticipated to offer substantial growth for the market in the coming years. Technology innovations and soaring competition in the mobile money universe are projected to have a significant bearing on the sector. Organisations opt for offering person-to-person and bill payments using mobile money as against other services.
Comprehensive market study “Mobile Money: Emerging Trends, Growth Drivers and Future Outlook 2016-2017” drawn up by Pyramid Research is devoted to a deep and trustworthy analysis of the marketplace. The study analyses the adoption of the respective product offerings, highlighting companies’ position in this regard; discusses the anticipated changes in spending on mobile money services in the short run; pinpoints the major factors stimulating product demand; provides granular information on the trends that are poised to impact mobile money in the next couple of years; limelights the growth prospects for mobile money in various regions; gives in-depth insights into the challenges projected to restrain the growth prospects of the sector in the foreseeable future.
More exhaustive market studies elaborated by this publisher can be found at Pyramid Research page.