Mobile Money Market in Middle East and Africa 2020 Forecasts in New Research Reports

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Oct 26, 2015, 11:30 ET

PUNE, India, October 26, 2015 /PRNewswire/ --

The Mobile money market in the Middle East and Africa: trends and forecasts 2015-2020 as well as Africa Mobile Money Market by Transaction mode, Nature of Payment, Location, Type of Purchase and by Country to 2020 are research reports now available with ReportnsReports.com.

Complete report on mobile money market in Middle East and Africa spread across 50 pages is now available at http://www.reportsnreports.com/reports/430273-the-mobile-money-in-the-middle-east-and-africa-trends-and-forecasts-2015-2020.html .

The two most-relevant types of mobile money market services in MEA are MSVAs and AMWs, which can form part of operators' wider digital service ecosystems and enable them to position themselves in the ecommerce value chain. Operators and vendors need to understand the size of the mobile money opportunity in the Middle East and Africa (MEA) and what the key success factors are for mobile money services. This report provides a forecast for the region, which includes total market size, the number of registered and active users, transaction volumes and revenue to 2020.

This Middle East and Africa mobile money market report provides detailed forecast of mobile money services in the MEA, specifically covering mobile stored value accounts (MSVAs) and advanced mobile wallets (AMWs), with sub-regional and country splits for select markets. It covers a description of the main drivers and inhibitors of adoption for mobile money services, including market and regulatory dynamics as well as an assessment of the opportunity for mobile operators, banks, and third-party players in the value chain. Order a copy of The Mobile money market in the Middle East and Africa: trends and forecasts 2015-2020 research report at http://www.reportsnreports.com/Purchase.aspx?name=430273 .

The second research titled Africa Mobile Money Market by Transaction mode (NFC/Smart Cards, Direct Mobile Billing, Mobile Web/WAP Payments, SMS, STK/USSD, and others), by Nature of Payment, by Location, by Type of Purchase, and by Country - Forecast to 2020 says increased penetration of mobile devices, rise in interoperability, and creation of new revenue stream for the stakeholders are some of the key factors driving the adoption of mobile money market in Africa. On the other hand, security concerns and insufficient knowledge about mobile money services are the restraining factors hindering the growth of the Africa mobile money market. Considering this, the report further helps to identify the latest patterns and trends intensifying the progression in the mobile money market across African countries.

The mobile money service is fast gaining momentum in the African market. This has in turn benefited the stakeholders, which include Mobile Network Operators (MNOs) and financial institutes such as banks, payment platform providers, and payment agents to leverage and expand their provisions in this market. Considering this, the mobile money services has also been chiefly accountable for increasing the average revenues for these stakeholders in the mobile money ecosystem. Kenya, Uganda, and Tanzania have the highest adoption and usage market of mobile money. Mozambique, Malawi, and Madagascar are gradually considering these mobile money services and in turn offer a lot of opportunities for the vendors in the Africa mobile money market.

Companies like Airtel, Orange S.A., Mobile Telephone Networks (MTN), Vodacom, Safaricom Limited, Econet Wireless, Tigo (Millicom), Zantel, MCEL - Mozambique Mobile, Unitel and Movitel are profiled in this Africa mobile money market research report for 2015-2020 available at http://www.reportsnreports.com/reports/417269-africa-mobile-money-market-by-transaction-mode-nfc-smart-cards-direct-mobile-billing-mobile-web-wap-payments-sms-stk-ussd-and-others-by-nature-of-payment-by-location-by-type-of-purchase-and-by-country-forecast-to-2020.html .

Explore reports related to mobile commerce market at http://www.reportsnreports.com/tags/mobile-commerce-market-research.html .

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