Mobile Money Transfer
Market to Reach USD
143.2 Billion By 2027
www.reportsanddata.comThe Mobile Money Transfer Market is expected to grow from USD 16.1 Billion in 2018 to USD 143.2 Billion
by 2026, at a CAGR of 36.4% during the forecast period. Increasing usage of smartphones, increase in online
transactions and e-banking, rise in advanced mobile applications and technology advancements, rise of e-
commerce, Need to connect the virtual financial world with reality and enhanced flexibility provisions
among the mobile money services, NFC taking mobile money to a new level and supporting public
authorities are some of the driving factors of the market.
Further key findings from the report suggest
• The Mobile Money market is segmented by transaction mode into NFC/smart card, direct mobile billing,
mobile web/WAP payments, SMS, STK/USSD, mobile apps, IVRS and others (Wi-Fi, QR codes, and
Bluetooth). The mobile apps are expected to witness the highest growth of approximately CAGR of
37.1% in the forecast period, due to their easy operability and customization facilities.
• The Mobile Money market is segmented by payment nature into person-to-business, business-to-
business, business-to-person and person-to-person. Person-to-person mostly dominate the market, with
approximately USD 47.26 billion in the forecasted year, due to the payment services, provided by banks,
which offer their customers with heightened convenience, immediate withdraws and deposits, and
facilitate instant money transfers through any mobile device and Mobile Network Operator (MNO).
Mobile Money Transfer Market Size – USD 16.1 billion in 2018, Market Growth - CAGR of 36.4%, Market
Trends – Growth in e-commerce.
Transaction mode Outlook (Revenue, USD Million; 2018–2026)
• NFC/Smart card
• Direct mobile billing
• Mobile web/WAP payments
• Mobile apps
• Others (Wi-Fi, QR codes, and Bluetooth)
Payment nature Outlook (Revenue, U