Mobile Money Transactions in Emerging Markets to Exceed $2 Trillion by 2027
The latest study from Juniper Research, the foremost experts in the payments market, found that
the total value of mobile money transactions in emerging markets will reach $2 trillion by 2027, an increase of over $500 billion from 2023.
Growing at 33%, the market is being driven by the transition to PaaP (Payments-as-a-Platform), a model which allows third parties to deliver products via mobile money apps. The research identified PaaP as driving mobile money development, as it enables third parties to have more access to users, without mobile money operators having to develop additional services themselves. This also enables greater revenue for mobile money operators, whilst allowing them to meet increasingly sophisticated user demands.
Related Reading
Our complimentary whitepaper,
Why Mobile Money Is Revolutionising Payments, examines key trends within the mobile money industry, including the benefits provided by mobile money accounts to those without bank accounts within emerging markets.
“Juniper Research’s Mobile Money in Emerging Markets research report provides a detailed assessment of how mobile money is boosting financial inclusion in emerging markets. It is split over 4 key regions: Africa & Middle East, Indian Subcontinent, Latin America and Rest of Asia Pacific. The report provides a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis, alongside a comprehensive future market outlook for the four biggest segments within the mobile money market.”