Wednesday
December 2
2020

Mobile Money Providers Must Evolve or Lose Out, Says Report

By Vaughan O’Grady

The total number of mobile money users in emerging markets will exceed 1.2 billion in 2025. That’s a key finding of a new study from Juniper Research, which provides research and analytical services to the global hi-tech communications sector.

This figure is a big jump from 980 million in 2020, equating to just under 30 percent of all mobile phone users across emerging markets. The report predicts that domestic P2P and payments to merchants will be increasingly popular in mobile money schemes and will drive growth.

Photo courtesy of Erik (HASH) Hersman.

Source: Developing Telecoms (link opens in a new window)

Categories
Finance, Technology
Tags
digital payments, emerging markets, mobile money, mobile technology, remittances, telecommunications