Market By Medium, Type, Application And Geography | Forecast 2019-2027
The Triton Market Research report on the Africa mobile payment market states that the market is expected to grow in terms of revenue with a CAGR of 25.07% during the forecast period 2019 to 2027.
The countries that have been considered for the report on the African mobile payment market are:
• Kenya
• Tanzania
• Zimbabwe
• South Africa
• Nigeria
• Rest of Africa
Report scope can be customized per your requirements. Request For Customization
The African economy faces significant barriers for growth, like the lack of infrastructure, cost and distance. People have been reported to have mobile money accounts more than bank accounts in at least nine African countries. Although mobile phones were not invented in Africa, Africans did invent a new way of using mobile phones, and today, the country leads the whole world by adopting mobile payment technology for financial transactions.
The idea of mobile payment systems was born in Kenya, and the country is unlikely the leader in the mobile payment market. The drivers of mobile payment services in Kenya is primarily driven by the strong latent demand for domestic remittances in the country, the poor quality of existing financial services, the support of regulators in providing licenses and the dominance of mobile operators and low airtime commissions. Zimbabwe is one of the key markets for mobile payments, where mobile phones are used extensively for remittance and for person-to-person (P2P) and business-to-business (B2B) transactions.
Market by Technology (Data ana ..
VIEW REPORT
Market by Security Testing Typ ..
VIEW REPORT1. MOBILE
PAYMENT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. MOBILE
PERSON-TO-PERSON TRANSFER (P2P) DOMINATES THE GLOBAL MOBILE PAYMENT MARKET BY
TYPE OF PAYMENT
2.2.2. CONTACTLESS
MEDIUM FOR MOBILE PAYMENT TO GROW AT SIGNIFICANT RATE
2.2.3. RETAIL
INDUSTRY SHOWS A LARGE DEMAND IN THE MOBILE PAYMENT MARKET
2.3. EVOLUTION
& TRANSITION OF MOBILE PAYMENT
2.4. PORTER’S
FIVE FORCE ANALYSIS
2.5. MARKET
ATTRACTIVENESS MATRIX
2.6. VENDOR
SCORECARD
2.7. INDUSTRY
PLAYER POSITIONING
2.8. KEY
MARKET STRATEGIES
2.9. MARKET
DRIVERS
2.9.1. GROWTH
IN E-COMMERCE
2.9.2. INORGANIC
GROWTH VIA MERGERS AND ACQUISITIONS
2.9.3. MOBILE
PAYMENT IS BEING PREFERRED OVER TRADITIONAL BANKING METHODS
2.9.4. MOBILE
PAYMENTS BEING ACCEPTED BY SMALL MERCHANTS AND BUSINESSES
2.9.5. TECHNOLOGICAL
ADVANCEMENT
2.9.6. UNBANKED
POPULATION OPTING FOR EXTENSIVE USE OF MOBILE PAYMENT
2.10.
MARKET RESTRAINTS
2.10.1.
SECURITY CONCERN
2.10.2.
INTEROPERABILITY IS A KEY CONCERN
2.10.3.
SPYWARE AND MALWARE ATTACKS MAY SLOW DOWN THE
MARKET
2.11.
MARKET OPPORTUNITIES
2.11.1.
EMPHASIS ON USER-CONVENIENCE GIVING RISE TO
ADOPTION OF MOBILE PAYMENT SYSTEMS
2.11.2.
ENTRY OF BIG PLAYERS IN MOBILE PAYMENT MARKET
2.11.3.
GROWING SMART CITY PROJECTS
2.11.4.
INTRODUCTION OF MORE USER-FRIENDLY TECHNOLOGIES
2.11.5.
LIMITATIONS ON CASH TRANSACTION
2.11.6.
UNBANKED GEOGRAPHIES ARE THE OPPORTUNITY
MARKETS
2.12.
MARKET CHALLENGES
2.12.1.
ADDRESSING THE COMPLEXITIES IS A CONCERN
2.12.2.
HUGE CAPITAL REQUIREMENT
2.12.3.
LACK OF TECHNOLOGICAL STANDARDS
2.12.4.
LATE ARRIVAL SCENARIO AND LACK OF INDUSTRY
STANDARD
2.12.5.
MOBILE PAYMENTS NEED TO CREATE SPACE FOR
LONG-TERM GROWTH
2.12.6.
NEW ADDITIONS TO THE TECHNOLOGY AND UNCLEAR
RULES CONFUSE THE MARKET PLAYERS AND CUSTOMERS
2.12.7.
RELUCTANCE TO SWITCH TO NEW TECHNOLOGY
3. MOBILE
PAYMENT MARKET OUTLOOK - BY MEDIUM
3.1. SMS
3.2. INTERNET
3.3. CONTACTLESS
3.4. USSD
4. MOBILE
PAYMENT MARKET OUTLOOK - BY TYPE
4.1. MOBILE
PERSON-TO-PERSON TRANSFER (P2P)
4.2. MOBILE
COMMERCE (POS)
4.3. PREPAID
MOBILE WALLET
4.4. IN-APP
BILLING
4.5. CARRIER
BILLING
4.6. CLOSED
LOOP PAYMENTS
5. MOBILE
PAYMENT MARKET OUTLOOK - BY APPLICATION
5.1. HEALTHCARE
5.2. RETAIL
5.3. ENERGY
& UTILITIES
5.4. HOSPITALITY
& TRANSPORTATION
5.5. ENTERTAINMENT
5.6. OTHER
APPLICATIONS
6. MOBILE
PAYMENT MARKET - AFRICA
6.1. KENYA
6.2. TANZANIA
6.3. ZIMBABWE
6.4. SOUTH
AFRICA
6.5. NIGERIA
6.6. REST
OF AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. APPLE,
INC.
7.2. ALIPAY
7.3. AIRTEL
MONEY
7.4. BOKU
7.5. BANK
OF AMERICA
7.6. BANCO
BILBAO VIZCAYA ARGENTARIA WALLET
7.7. BEIJING
QIANDAIBAO PAYMENT TECHNOLOGY, LTD.
7.8. CHINA
UNIONPAY
7.9. MERCHANT
CUSTOMER EXCHANGE
7.10.
M-PESA
7.11.
DWOLLA CORP.
7.12.
G-XCHANGE
7.13.
GOOGLE
7.14.
IZETTLE
7.15.
INTUIT PAY
7.16.
MASTERCARD
7.17.
SQUARE, INC.
7.18.
TENPAY TECHNOLOGY, LTD.
7.19.
THE WESTERN UNION COMPANY
7.20.
WE PAY, INC.
7.21.
YEEPAY
7.22.
99BILL CORPORATION
7.23.
SOFTCARD
7.24.
PAYTM
7.25.
PAYPAL
7.26.
PAYMENTWALL
7.27.
OBOPAY, INC.
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1. MARKET ATTRACTIVENESS
MATRIX FOR MOBILE PAYMENT MARKET
TABLE 2. VENDOR SCORECARD OF
MOBILE PAYMENT MARKET
TABLE 3. KEY STRATEGIC
DEVELOPMENTS IN MOBILE PAYMENT MARKET
TABLE 4. AFRICA MOBILE PAYMENT
MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)
TABLE 5. AFRICA MOBILE PAYMENT
MARKET, BY TYPE, 2019-2027 (IN $ MILLION)
TABLE 6. AFRICA MOBILE PAYMENT
MARKET, BY MEDIUM, 2019-2027 (IN $ MILLION)
TABLE 7. AFRICA MOBILE PAYMENT
MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)
FIGURE 1: AFRICA MOBILE
PAYMENT MARKET, BY TYPE, 2018 & 2027 (IN %)
FIGURE 2 EVOLUTION OF PAYMENT
SYSTEM
FIGURE 3: MOBILE P2P TRANSFER MARKET,
2019-2027 (IN $ BILLION)
FIGURE 4: CONTACTLESS MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 5: RETAIL INDUSTRY
MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 6: PORTER’S FIVE FORCE
ANALYSIS
FIGURE 7: INDUSTRY PLAYER
POSITIONING OF TOP PLAYERS IN 2018 (%)
FIGURE 8 AFRICA URBAN
POPULATION, 2016-2050 (%)
FIGURE 9: AFRICA MOBILE
PAYMENT MARKET, BY SMS, 2019-2027 (IN $ BILLION)
FIGURE 10: AFRICA MOBILE
PAYMENT MARKET, BY INTERNET, 2019-2027 (IN $ BILLION)
FIGURE 11: AFRICA MOBILE
PAYMENT MARKET, BY CONTACTLESS, 2019-2027 (IN $ BILLION)
FIGURE 12: AFRICA MOBILE
PAYMENT MARKET, BY USSD, 2019-2027 (IN $ BILLION)
FIGURE 13: AFRICA MOBILE PAYMENT
MARKET, BY MOBILE PERSON-TO-PERSON TRANSFER (P2P), 2019-2027 (IN $ BILLION)
FIGURE 14: AFRICA MOBILE
PAYMENT MARKET, BY M-COMMERCE (POS), 2019-2027 (IN $ BILLION)
FIGURE 15: AFRICA MOBILE
PAYMENT MARKET, BY PREPAID MOBILE WALLET, 2019-2027 (IN $ BILLION)
FIGURE 16: AFRICA MOBILE
PAYMENT MARKET, BY IN-APP BILLING, 2019-2027 (IN $ BILLION)
FIGURE 17: AFRICA MOBILE
PAYMENT MARKET, BY CARRIER BILLING, 2019-2027 (IN $ BILLION)
FIGURE 18: AFRICA MOBILE
PAYMENT MARKET, BY CLOSED-LOOP PAYMENTS, 2019-2027 (IN $ BILLION)
FIGURE 19: AFRICA MOBILE
PAYMENT MARKET, BY APPLICATION, 2018 & 2027 (IN %)
FIGURE 20: AFRICA MOBILE
PAYMENT MARKET, BY HEALTHCARE, 2019-2027 (IN $ BILLION)
FIGURE 21: AFRICA MOBILE
PAYMENT MARKET, BY RETAIL, 2019-2027 (IN $ BILLION)
FIGURE 22: AFRICA MOBILE
PAYMENT MARKET, BY ENERGY & UTILITIES, 2019-2027 (IN $ BILLION)
FIGURE 23: AFRICA MOBILE PAYMENT
MARKET, BY HOSPITALITY AND TRANSPORTATION, 2019-2027 (IN $ BILLION)
FIGURE 24: AFRICA MOBILE
PAYMENT MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ BILLION)
FIGURE 25: AFRICA MOBILE
PAYMENT MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ BILLION)
FIGURE 26: AFRICA MOBILE
PAYMENT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 27: KENYA MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 28: TANZANIA MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 29: ZIMBABWE MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 30: SOUTH AFRICA MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 31: NIGERIA MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 32: REST OF
AFRICA MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)