Mobile money market Report Growth, Size, Trends and Market Analysis Report

Mobile money  Market is projected to grow up to USD 27.8 billion by 2027 growing at a CAGR of 30% during the forecasting period 2021-2027.

The existence of digital money was something no one could have imagined. Because of digitalization, the piece of paper that once ruled the world may lose its authority and credibility. When clicks were introduced, the world shifted to soft cash, also known as virtual money, where you could transfer and receive money from anywhere in the world in just a few clicks. The digital payment method is useful for a variety of tasks such as mobile recharge, bill payments, and purchasing goods and services. At one time, online payment was primarily associated with online banking systems, which could be accessed by logging into financial websites. Many mobile applications have been introduced to the human race as a result of the advancement of software, which has resulted in the development of the Mobile Money Market. By decreasing the use of hard cash, mobile payment apps such as Google Pay, Pay-Pal, Amazon Pay, Pay-Zapp, Phone Pe, and so on have changed the world. It is based on the Uniworld codes for each bank account, which can be scanned and added by users in order to transfer money in the Mobile Money Industry.

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The mobile money Market report has been categorized as below

By Transaction Mode

• Point of Sale (PoS)

• Mobile Apps

• QR codes

By Nature of Payment

• Person to Person (P2P)

• Person to Business (P2B)

• Business to Person (B2P)

• Business to Business (B2B)

By Application

• Money transfers

• Bill Payments

• Airtime Transfer and Top-Ups

• Travel and Ticketing

• Merchandise and Coupons

By Type of Payments

• Remote Payments

• Proximity Payments

Based on regions:

• North America

• Europe

• Asia Pacific

• Rest of World

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