While at its early stages, the Mobile Money industry is charting henceforth its way as a key instrument of our ever-digital world. The rapid upsurge in terms of technological Advancements streamlines this momentum.
In fact, Mobile money is now a critical component for
the advancing e-commerce industry. The market is deeply leveraging
technological advancements, increasing automation.
The mobile money industry (technologies, services, software and hardware)
is integrating the entire value chain of the e-commerce industry.
Rising urbanization, increasing awareness regarding the internet
and e-commerce drives the growth of Mobile money market.
It is also indispensable to recall that, huge investments are not even required for
development for making mobile money.
This service offers a set of exciting benefits such as availability
of the different sources for transaction of money, from one place to another
place with less or no-cost.
According to Research and Markets, Mobile money by locations can be categorized
as proximity and remote payments; by purchase it includes money transfer
payments, digital products and many more.
The firm also reveals that, Africa is the leading market for global mobile
market with Kenya leading the momentum in the year 2015.
Africa
region is forecast to have highest growth in the next few years due to
growing mobile media users globally carried out banking activity through mobile.