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PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1273638

PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1273638

Mobile Money in Emerging Markets: Trends, Strategies & Market Forecasts 2023-2027

PUBLISHED: May 15, 2023

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DELIVERY TIME: 1-2 business days

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Description

REPORT OVERVIEW

Juniper Research's “Mobile Money in Emerging Markets ” research report provides a detailed assessment of how mobile money is boosting financial inclusion in emerging markets. It is split over 4 key regions: Africa & Middle East, Indian Subcontinent, Latin America and Rest of Asia Pacific.

The report provides a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis, alongside a comprehensive future market outlook for the four biggest segments within the mobile money market. The forecasts and the SWOT analysis in the report focus on the following segments:

Microinsurance
Microloans
Microsavings
Money Transfer

In addition, this report covers market opportunities; providing strategic insights into the development of new technologies and key drivers. The report also positions 22 vendors across two of our Juniper Research Competitor Leaderboards; focusing on mobile money and sophisticated MFS. This provides an invaluable resource for a broad range of stakeholders, including financial institutions and mobile money providers seeking to understand the competitive landscape in the market. The study also features strategic analysis of 9 mobile financial services platform providers in the space, including Amdocs, Comviva, Ericsson, Huawei, Inswitch, Panamax, Seamless Distribution Systems, Telepin and Tmob.

The research suite also contains a detailed dataset; providing forecasts for 15 countries across a wide range of different metrics, including the number of users of mobile financial services, total number of financial transactions, including cash in, cash out, domestic P2P, internal P2P, G2P bulk disbursement, merchant payments, bill payments and airtime top-ups. It also looks into sophisticated MFS, mobile microloans, microsavings and microinsurance, and the total value of the transactions.

This research suite comprises of:

Market Trends & Strategies (PDF)
Competitor Leaderboard (PDF)
Data & Forecasts (PDF & Excel)
12 Months' Access to harvest Online Data Platform

Key Market Statistics

Market size in 2023:	$1.58tn
Market size in 2027:	$2.09tn
2023 to 2027 Growth:	32.8%

KEY FEATURES

Market SWOT Analysis: Extensive assessment of the main use cases for mobile money adoption, including the current viability of mobile money markets, challenges to future growth, and future outlook. This analysis includes four main areas:
- Microinsurance
- Microloans
- Microsavings
- Mobile Money Transfer

Market Dynamics: Detailed analysis of the future evolution of the market and the challenges to further market growth.

Juniper Research Competitor Leaderboards: Key player capability and capacity assessment for 23 vendors, split across two Competitor Leaderboards, for mobile money services and sophisticated mobile financial services. The vendors included are as follows:
- Airtel
- BIMA
- bKash
- Easypaisa
- EcoCash
- Equitel Money
- eZ Cash
- Grameenphone
- LinkAja
- MicroEnsure
- Mon Cash
- M-PESA
- MTN Mobile Money
- Ooredoo
- Orange Money
- Robi
- Roshan M-Paisa
- Smart Padala
- Tigo
- Tingg
- Transfer/Telcel
- uPaisa
- Wave Money

Benchmark Industry Forecasts: Forecasts for mobile money services, including microinsurance, microloans, microsavings and mobile money transfer, with data for user bases and transaction values, along with splits by our four key emerging market regions and the 15 countries listed below:
- Bangladesh
- Brazil
- Colombia
- Egypt
- India
- Indonesia
- Kenya
- Mexico
- Nigeria
- Pakistan
- Philippines
- South Africa
- Sri Lanka
- Tanzania
- Thailand

KEY QUESTIONS ANSWERED

1. What will the mobile money market size in emerging markets be in 2027?

2. What role does Payment-as-a-Platform have in driving mobile money forward?

3. Who are the leading vendors in the mobile money market?

4. What strategies can players implement to capitalise on the growing mobile money ecosystem?

5. What monetisation strategies will be most successful for mobile money providers over the next 4 years?

COMPANIES REFERENCED

Case Studied: Amdocs, Comviva, Ericsson, Huawei, inswitch, Panamax, SDS (Seamless Distribution Systems), Telepin, Tmob.

Included in the Juniper Research Competitor Leaderboard - Mobile Money Vendors: Airtel Money, bKash, Easypaisa, EcoCash, Equitel Money, eZ Cash, LinkAja, Mon Cash, M-PESA, MTN Mobile Money, Orange Money, Smart Padala, Tigo, Transfer/Telcel, uPaisa, Wave Money.

Included in the Juniper Research Competitor Leaderboard - Sophisticated Mobile Financial Services: Airtel, BIMA, bKash, Easypaisa, EcoCash, Grameenphone, MIC Global, M-PESA, MTN Mobile Money, Ooredoo, Orange Money, RobiCash, Roshan M-Paisa, Tigo, Tingg.

Mentioned: ABInBev, ABSA Bank, ACI Worldwide, Africell, Agricultural Bank of China, Airbnb, Alibaba, Alipay, Aliv Bahamas, Amazon, América Móvil, American Express, Anadolu Jet, Ant Group, Antel, Apple, AsiaHawala, AT&T, AXA, Banamex, Banco Inbursa, Bank Hapoalim, Bank of Africa, Bank of Bangladesh, Bank of Georgia, Banpro, BBOXX, Bein, Bill and Melinda Gates Foundation, Binance, BNP Paribas, Bolttech, Booking.com, BRAC Bank, BRI Ventures, BT, BTC SMEGA, CarrefourSA, China Telecom, Cisco, CSG, Digicel, Dinex, Djibouti Telecom, DSTV, EB Solutions Limited, Eazzybanking, Ecobank, Equity Bank, Ericsson, eServGlobal, Esri, eswatini Mobile, EzyPesa, FamilyBank, FirstBank, FLOvate Solutions, Flutterwave, Garanti BBVA, Globacom Ltd, Gojek, Google, GPAY, Grab, GT&T MMG, Halkbank, Halopesa, iGrow, Imalipay, Intel, Inwi Money, JCB, Jumia, KBZPay, Kenya Airways, KFC, KrosPayz, Lloyd's, Logiq, Mandiri Capital, Masoko, Mastercard, McDonald's, MediaTek, Meezan Bank, Meta, Metro PCS, MicroEnsure, Microsoft, Money Gram, Money in Motion LLC, Money Q, MoneyGram, Movil Red, mowico, Mukuru, MuRong Technologies, Musoni MFI, Nagad, NCBA, NEC, Netflix, Netweller, Niger Telecoms, NSSF, One Acre Fund, Openet, Oracle, Payoneer, PayPal, Pertamina, Pesalink, Pragati Life, QNB Finansbank, Qualcomm, RBI (Reserve Bank of India), Remitly, Reserve Bank of Zimbabwe, Riaktr, Rocket Internet, Safaricom, Sampath Bank, Samsung, Sberbank, Sendwave, Shell, Simbisa Group, Singapore Airlines, Singtel, Skrill, SMARTCASH Payment Service Bank Limited, Smatoo, SoftBank, Sogebank, Sonatel, Sourced Group, Spectra Technologies, Squire Technologies, Standard Chartered Bank, Strands, Strex, Sudatel, SunExpress, Tameer Bank, Tele2, Telenor Pakistan, Telkom, Telkomsel, Telpo, Temenos, Teralight, TerraPay, Thales, TMCEL, T-Mobile, TN Bank, Total, TPesa, Trendyol, Trust Bank, Turkish Airlines, UBA, Uber, unibank, UnionDigitalBank, Valyou, Verizon, Viber, Visa, VisionFund, Vive, Vodafone, Waada Digital, Walmart, WeChat, Western Union, World Remit, Xoom, YABX, Yabx, Yoma Bank.

DATA & INTERACTIVE FORECAST

The forecast contains a strong set of data points, covering the key areas within mobile financial services in developing economies. These include the following:

4 Key Sectors (Microinsurance, Microloans, Microsavings, Mobile Money Transfer)

8 Transaction Types (Airtime Top-up, Bill Payment, Cash In, Cash Out, Domestic P2P, G2P, International P2P, Merchant Payment)

Number of Users

Value of Spend

Metrics include the total number of users, the number of transactions and total revenue.

Geographical splits: 15 countries
Number of tables: Over 76 tables
Number of datapoints: Over 10,000 datapoints

harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables; overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and receive alerts whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the interactive scenario tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a client's ability to both understand a particular market and to integrate their own views into the mode.

FORECAST SUMMARY

The total value of mobile money transactions in emerging markets will reach $2 trillion in by 2027, an increase of over $500 billion from 2023. Growing at 33%, the market is being driven by the transition to PaaP, a model which allows third parties to deliver products via mobile money apps. PaaP is a key driver of mobile money, as it enables third parties to have more access to users, without mobile money operators having to develop additional services themselves. This also enables greater revenue for mobile money operators, whilst allowing them to meet increasingly sophisticated user demands.

By 2027, there will be 411 million users of sophisticated MFS (Mobile Financial Services) within emerging markets. This 40% increase is a result of providers offering a variety of services, such as microloans and microinsurance, to satisfy growing user demand. The increasing maturity of several mobile money markets, rising customer awareness and increasing affluence of users has increased the importance of mobile money vendors providing sophisticated MFS, and investing in technologies that facilitate it.

Mobile money vendors need to leverage data analytics to best retain customers and fight off rising competition. By gaining valuable insight into consumer behaviour and preferences, vendors can provide better tailored services to end users. Combining this data with new third-party services via PaaP enables a more personalised service, increasing customer satisfaction and revenue.

1. Key Takeaways & Strategic Recommendations

1.1. Key Takeaways for Mobile Money Services
1.2. Strategic Recommendations for Mobile Money Services
1.3. Key Takeaways for Sophisticated MFS
1.4. Strategic Recommendations for Sophisticated MFS

2. Current Status and Future Market Outlook

2.1. Introduction to Mobile Money
- 2.1.1. Overview of Mobile Money
- 2.1.2. Definitions within Mobile Money
  - i. Mobile Money Transfer
  - ii. Mobile Microloans
  - iii. Mobile Microinsurance:
  - iv. Mobile Microsavings
2.2. Status of the Mobile Money Market
- 2.2.1. Mobile Money Transfer
  - i. SWOT Analysis
  - ii. Outlook
- 2.2.2. Mobile Microloans
  - i. SWOT Analysis
  - ii. Outlook
- 2.2.3. Mobile Microinsurance
  - i. SWOT Analysis
  - ii. Outlook
- 2.2.4. Mobile Microsaving
  - i. SWOT Analysis
  - ii. Outlook
2.3. Key Enabling Factors
- 2.3.1. Key Technologies
  - i. IDaaS
  - ii. Alternative Credit Scoring
- 2.3.2. Key Relationships
  - i. Participation in NFIS (National Financial Inclusion Strategy)
  - ii. Industry Partnerships for Enhanced Service Provision
  - iii. Participation in Global Coalitions and Initiatives
- 2.3.3. Platform Providers
  - i. Digital Wallet Solutions
  - ii. Sophisticate MFS
  - iii. Payments Solutions
  - iv. Mobile/Digital Banking
  - v. Value-added Services
  - vi. App Development Capabilities
2.4. Payments-as-a-Platform and the Future of Mobile Money
- 2.4.1. Payment-as-a-Platform
- 2.4.2. New Technologies and MFS Provisions
- 2.4.3. Blockchain, Cryptocurrencies and Other Digital Currencies
- 2.4.4. Metaverse
- 2.4.5. Card Issuance Accompanying MFS Offerings

3. Juniper Research Mobile Money Competitor Leaderboards

Table 2.1: Juniper Research Competitor Leaderboard: Mobile Money Vendors Included & Product Portfolio
3.1. Mobile Money Services Leaderboard and Heatmap
- Figure 2.2: Juniper Research Leaderboard: Mobile Money
- Table 2.3: Juniper Research Leaderboard: Mobile Money Vendors & Positioning
- Table 2.4: Juniper Research Leaderboard Heatmap: Mobile Money Vendors
3.2. Sophisticate Mobile Financial Services Leaderboard and Heatmap
- Figure 2.5: Juniper Research Leaderboard: Sophisticated Mobile Financial Services
- Table 2.6: Juniper Research Leaderboard: Sophisticated Mobile Financial Services
- Table 2.7: Juniper Research Leaderboard Heatmap: Sophisticated Mobile Financial Services
3.3. Vendor Profiles
- 3.3.1. Airtel
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.3.2. bKash
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.3.3. Easypaisa
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.3.4. EcoCash
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.3.5. Equitel Money
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.3.6. eZ Cash
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.3.7. Grameenphone (GPAY)
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.8. LinkAja
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.9. MIC GLOBAL
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
    - Figure 2.8: MICology Automated Claims Handling Process Overview
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.10. MonCash
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.11. M-PESA
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.12. MTN Mobile Money
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.13. Ooredoo
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.14. Orange Money
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.15. RobiCash
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.16. Roshan M-Paisa
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.17. Smart Padala - Maya
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.18. Tigo
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.19. Tingg
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.20. Transfer/Telcel
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 3.3.21. UPaisa
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research Strategic Recommendations and Key Opportunities
- 3.3.22. Wave Money
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
3.4. Juniper Research Leaderboard Assessment Methodology
3.5. Limitations & Interpretations
- Table 2.9: Juniper Research Competitor Leaderboard Scoring Criteria: Mobile Money/Sophisticated MFS

4. MFS Platform Case Studies

4.1. Introduction
- 4.1.1. Amdocs
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 4.1.2. Comviva
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 4.1.3. Ericsson
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 4.1.4. Huawei
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 4.1.5. inswitch
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 4.1.6. Panamax
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 4.1.7. Seamless Distribution Systems
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 4.1.8. Telepin
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities
- 4.1.9. Tmob -Thinks Mobility
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Strategic Recommendations & Key Opportunities

5. Market Forecast

5.1. Introduction
- 5.1.1. Mobile Money Forecast Methodology
  - Figure 4.1: Mobile Money Methodology
  - Figure 4.2: Microloans Forecast Methodology
  - Figure 4.3: Microsaving Forecast Methodology
  - Figure 4.4: Microinsurance Forecast Methodology
5.2. Market Forecasts Summary
- 5.2.1. Total Users of Mobile Financial Services
  - Figure 4.6: Total Mobile Money Users (m), Split by 4 Emerging Region; 2022-2027
- 5.2.2. Number of Unique Mobile Users Who Make Sophisticated Microfinance Transactions
  - Figure & Table 4.7: Total Unique Mobile Users Who Make Sophisticated Microfinance Transactions, Split by 4 Emerging Regions (m), 2022-2027
- 5.2.3. Total Monetary Spend and Deposits Made by Consumers on Mobile Financial Services
  - Figure & Table 4.8: Total Monetary Spend on Deposits Made by Consumers on Mobile Financial Services ($), Split by 4 Emerging Regions, 2022-2027
  - Table 4.9: Total Monetary Spend and Deposits Made by Consumers on Mobile Financial Services ($m), Split by Services, 2022-2027
5.3. Sophisticated Microfinance Forecasts
- 5.3.1. Number of Mobile Users Who Make Sophisticated Microfinance Transactions
  - Figure & Table 4.10: Total Number of Mobile Users Who Make Sophisticated Microfinance Transactions (m), Year Average, Split by 4 Emerging Regions, 2022-2027
- 5.3.2. Total Volume of Sophisticated Microfinance Transactions
  - Figure & Table 4.11: Total Volume of Sophisticated Microfinance Transactions per annum (m), Split by 4 Emerging Regions, 2022-2027
5.4. Mobile Money Forecasts
- 5.4.1. Total Number of Mobile Money Transactions per Annum
  - Figure & Table 4.12: Total Number of Mobile Money Transactions per annum (m), Split by 4 Emerging Markets, 2022-2027
  - Table 4.13: Total Volume of Mobile Money Transactions in Emerging Markets (m), Split by Transaction Type, 2022-2027
- 5.4.2. Total Value of Mobile Money Transactions in Emerging Markets
  - Figure & Table 4.14: Total Value of Mobile Money Transactions in Emerging Markets ($m), Split by 4 Emerging Markets, 2022-2027
  - Table 4.15: Total Value of Mobile Money Transactions in Emerging Markets ($m), Split by Transaction Type, 2022-2027
5.5. Microloans and Microcredit Forecasts
- 5.5.1. Number of Users of Mobile Microfinance Loans
  - Figure & Table 4.16: Number of Users of Mobile Microfinance Loans, Year Average (m), Split Over 4 Emerging Markets, 2022-2027
- 5.5.2. Total Number of Mobile Microloans in Emerging Markets
  - Figure & Table 4.17: Total Number of Mobile Microloans in Emerging Markets (m), Split by 4 Emerging Markets, 2022-2027
- 5.5.3. Total Value of Mobile Microloans in Emerging Markets
  - Figure & Table 4.18: Total Value of Mobile Microloans ($m), Split Over 4 Emerging Markets, 2022-2027
5.6. Mobile Microsavings Forecasts
- 5.6.1. Total Number of Mobile Microsavings Accounts
  - Figure & Table 4.19: Total Number of Mobile Microsavings Accounts in Emerging Markets ($m), Split by 4 Emerging Markets, 2022-2027
- 5.6.2. Total Annual Deposit Value for Mobile Microsavings
  - Figure & Table 4.20: Total Annual Deposit Value for Mobile Microsavings ($m), Split by 4 Emerging Markets, 2022-2027
5.7. Mobile Microinsurance Forecasts
- 5.7.1. Number of Users of Mobile Microinsurance
  - Figure & Table 4.21: Total Number of Users who Have Mobile Microinsurance, Year Average (m), Split by 4 Emerging Markets, 2022-2027
- 5.7.2. Total Cost of Mobile Microinsurance to Users
  - Figure & Table 4.22: Total Cost of Mobile Microinsurance to Users ($m), Split 4 Emerging Markets, 2022-2027