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Last updated on April 23, 2014 at 17:08 EDT

Mobile Money/Payments Market Worth $278.9 Billion by 2018

February 11, 2013

DALLAS, February 11, 2013 /PRNewswire/ –

According to a new market research report “Mobile Money Market: (Mobile Payments,
Mobile Remittance, Mobile Banking & Mobile Commerce) – Advanced Technologies, Value Chain,
Adoption Trends & Worldwide Market Forecasts (2013-2018)”, are forecasted with detailed
segmentation: based on the transaction mode (NFC / Smart cards, Direct operator billing,
Mobile Web / WAP, SMS and others), based on payment location (Remote payments, Proximity
payments), Based on nature of Payments (Person to Person (P2P), Person to Business (P2B),
Business to Person (B2P), Business to Business (B2B)) and based on type of purchases (Air
time transfers & Top Ups, Money Transfers and Mobile Payments, Merchandise & coupons,
Travel Ticketing & Food, Digital products purchases).

Browse 112 market data tables and 61 figures spread through 272 pages and in-depth TOC
on “Mobile Money: Mobile Payments, Mobile Remittance, Mobile Banking & Mobile Commerce
Market – Advanced Technologies, Value Chain, Adoption Trends & Worldwide Market Forecasts
(2013-2018)”

http://www.marketsandmarkets.com/Market-Reports/mobile-remittance-money-mcommerce-market-577.html

Early buyers will receive 10% customization on reports.

The mobile phone, which are seen as the device for the upper crust, has changed and
the number of mobile phones is expected to surpass the world’s population in the coming
years. The Ubiquity of mobile phones and the major chunk of people who have no formal
access to banks are the key drivers for the Mobile Money market. Mobile Money will offer a
rewarding opportunity in terms of revenue for the people in its ecosystem both in the near
future and over the long term. While talking about its ecosystem, it constitutes many
industries such as mobile network operators, banks and financial institutions, payment
processors, mobile money platform providers, handset manufacturers, etc. because of its
fragmented nature of the market.

The report also discusses the total Mobile Payments in terms of transaction value,
total mobile money users and the active mobile money users forecast trends. The mobile
transaction value is segmented based on industry verticals such as Banking and Financial
Services, Telecommunication, Media and Entertainment, Hospitality, Consumer Goods & Retail
and Other verticals. MarketsandMarkets also forecasted the Installed base and unit
shipments for NFC enabled devices over the period of 2013 -2018. The global Advancements,
Business Models, Drivers, Restraints and Opportunities are also presented in the report.

The Mobile Money market
[http://www.marketsandmarkets.com/Market-Reports/mobile-remittance-money-mcommerce-market-577.html ]
is expected to grow from $13.8 billion in 2013 to $278.9 billion by 2018, at an
estimated CAGR of 82.4% over the same period.

About MarketsandMarkets

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