Mobile Money to Witness a 60% Growth in the Coming 5 Years

In a recent research, “Mobile Money in Emerging Markets: Segment Analysis, Vendor Strategies & Market Forecasts 2021-2026” it has been predicted that the value of mobile money transactions are going to be reaching a growth of 60% i.e exceeding $870 Billion by 2026 from the $555 Billion in 2021.

In the emerging markets, mobile money includes micro-loans, micro-insurance, amongst other things.

The research further stated that micro-loans are going to be the fastest growing segment in the mobile money sector with an expected growth of 180% over the next 5 years.

“While micro-loans are, by their very nature, small-scale, they are growing rapidly in significance, by enabling users to access credit as financial inclusion rises. By offering these services to users, mobile money services can pre‑empt competition from banks, while increasing their average revenue per user; creating a virtuous circle.”

Damla Sat, Research Co-author

Mobile vendors including M-PESA and other PaaP model vendors are going to be driving this growth in Mobile Money.

Along with this, the research also stated that MEA region is going to dominate mobile money transactions in the coming 5 years and they are expected to account for 56 percent of the emerging market values worldwide by 2026.