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Investments in Mobile Money Services to Show 23.1% Rise from 2016-2017, Fueled by Increasing Penetration of Internet

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Published on : May 11, 2016

ALBANY, New York, May 11, 2016: The report is an in-depth study of the key dynamics of the global mobile money market. According to the report, the global investment on mobile money services is expected to increase by 23.1% over the next two years owing to the increasing penetration of smartphones and internet. 

The report comprises a market outlook section wherein the market forecast methodology is discussed. Co-relation and regression analysis are a part of the report. The global mobile money market forecast is presented. Tables, charts, graphs, and statistics have been used wherever required. 

Mobile money refers to money transfer and payment services, which are regulated by financial authorities, and are performed via a mobile device. The demand for mobile money is gaining momentum owing to the rapid development of the telecommunications sector as well as the growing demand for anytime banking. The penetration of the internet has further bolstered the global mobile money market. 

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The growing dependence on mobile phones for shopping, bill payments, and purchasing e-tickets has led to the development of the mobile money market across the globe. The growing preference for cashless transactions will continue to ensure the market’s healthy growth in the coming years. Benefits such as easy accessibility and time efficiency while transacting through mobile phones are leading to a wider adoption of mobile money, thus boosting the market. On the other hand, security concerns with regard to handling money online may restrict the mobile money market. 

The regional growth analysis suggests that Asia and Africa will witness significant growth in the mobile money market over the next two years as there will be rise in the number of competitors in the industry. Technological innovation will also help the markets in Asia and Africa to grow. The report examines the projected change in investment and expenditure on mobile money services in the next two years. 

The report comprises actionable findings such as the challenges involved in the mobile money market, the recent trends and future growth prospects, which will be beneficial for an interested reader or an enterprise wishing to invest in the market. The report is useful for those organizations wishing to boost their revenues, by presenting an adoption status of the product offerings for the next two years. The report highlights the current trends that will impact the mobile money market in the future assisting telecom organizations to modify and improve their business strategy for their own benefit. 

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