Global Mobile Money Market Size study & Forecast, by Transaction Mode by Industry Type by Financial Services and Regional Forecasts 2022-2032

Description

The Global Mobile Money Market is valued approximately at USD 4.67 billion in 2024 and is anticipated to grow with an impressive CAGR of 22.56% over the forecast period 2025-2035. Mobile money represents a financial revolution, empowering individuals and enterprises alike to transfer, store, and manage money through digital platforms with unparalleled convenience. Its rise stems from the proliferation of smartphones, the rapid expansion of fintech ecosystems, and the widespread demand for secure, real-time transactions that seamlessly blend into everyday life. Unlike traditional banking, mobile money bypasses infrastructural constraints, enabling unbanked and underbanked populations to access financial services and fueling inclusive economic growth. The global expansion of e-commerce, surging consumer preference for digital wallets, and the increasing adoption of contactless payments serve as pivotal growth drivers, while regulatory advancements and rising partnerships between telecom operators and financial institutions accelerate the momentum.

The intensifying adoption of mobile wallets, peer-to-peer transfers, and bill payment services has propelled mobile money into the mainstream of global financial activity. According to the GSM Association, the total number of registered mobile money accounts surpassed 1.6 billion globally in 2022, underscoring the sheer scale of this transformation. From urban shoppers using QR codes in retail outlets to rural communities leveraging mobile payments for utility bills, mobile money has proven its versatility. This surge is further amplified by heightened demand for cross-border remittances, digital micro-lending, and instant credit disbursements. Yet, the market faces challenges such as cybersecurity risks, regulatory uncertainties across different jurisdictions, and the infrastructural gap in emerging economies. Nonetheless, the push for cashless economies and ongoing innovations in digital payment solutions position the market for substantial long-term growth.

The detailed segments and sub-segments included in the report are:

By Transaction Mode:

Remote Payments
Proximity Payments

By Industry Type:

BFSI
Media & Entertainment
Retail
Healthcare

By Financial Services:

Mobile Money
Mobile Insurance
Mobile Credit

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Remote Payments are Expected to Dominate the Market
Remote payments remain the dominant transaction mode in the mobile money landscape, driven by their versatility in facilitating online shopping, international remittances, and peer-to-peer transfers. This segment continues to hold the lion's share as consumers increasingly shift toward digital-first lifestyles where instant, borderless transactions are crucial. The growing synergy between e-commerce platforms and fintech operators has elevated remote payments as the cornerstone of the industry. On the other hand, proximity payments-enabled through NFC, QR codes, and contactless cards-are witnessing rapid adoption in urbanized economies, positioning them as the fastest-growing mode during the forecast horizon.
Mobile Money Leads in Revenue Contribution
Among financial service segments, mobile money services themselves account for the largest revenue contribution, thanks to their ubiquity and indispensability across emerging and developed economies. They have become indispensable for salary disbursement, bill payments, and micro-transactions. Meanwhile, mobile insurance and mobile credit services are gaining prominence as financial inclusion deepens, with insurers and micro-lenders embedding themselves within mobile platforms to reach underserved populations. This trend presents a dual narrative: mobile money remains the undisputed revenue leader, while ancillary services like insurance and credit are evolving into powerful growth catalysts for the ecosystem.
The key regions considered for the Global Mobile Money Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America dominated the market in 2025, supported by its advanced fintech infrastructure, wide acceptance of contactless payments, and early integration of mobile banking services. Europe also exhibits strong growth due to stringent regulatory frameworks like PSD2 that promote digital payment innovations. However, Asia Pacific is expected to emerge as the fastest-growing region during the forecast period, fueled by booming smartphone penetration, government-led digital financial inclusion programs, and the massive consumer base in countries such as India and China. Latin America and Africa are also rising as hotspots for mobile money adoption, particularly due to their unbanked populations and increasing reliance on mobile-first financial solutions.

Major market players included in this report are:

PayPal Holdings Inc.
Mastercard Incorporated
Google LLC
Visa Inc.
Apple Inc.
Alipay (Ant Group)
Amazon Pay
Samsung Pay
WeChat Pay (Tencent Holdings Ltd.)
Orange S.A.
Airtel Money
Vodafone Group Plc (M-Pesa)
Western Union Holdings Inc.
Stripe Inc.
Square Inc. (Block, Inc.)

Global Mobile Money Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Mobile Money Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Mobile Money Market Forces Analysis

3.1. Market Forces Shaping The Global Mobile Money Market (2024-2035)
3.2. Drivers
- 3.2.1. Global expansion of e-commerce
- 3.2.2. Surging consumer preference for digital wallets
3.3. Restraints
- 3.3.1. Infrastructural gap in emerging economies
3.4. Opportunities
- 3.4.1. Increasing adoption of contactless payments

Chapter 4. Global Mobile Money Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Mobile Money Market Size & Forecasts by Transaction mode 2025-2035

5.1. Market Overview
5.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
5.3. Remote Payments
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Proximity Payments
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Mobile Money Market Size & Forecasts by Industry Type 2025-2035

6.1. Market Overview
6.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
6.3. BFSI
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Media & Entertainment
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Retail
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. Healthcare
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Mobile Money Market Size & Forecasts by Financial Services 2025-2035

7.1. Market Overview
7.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
7.3. Mobile Money
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Mobile Insurance
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
7.5. Mobile Credit
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Mobile Money Market Size & Forecasts by Region 2025-2035

8.1. Growth Mobile Money Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Mobile Money Market
- 8.3.1. U.S. Mobile Money Market
  - 8.3.1.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.3.1.3. Financial services breakdown size & forecasts, 2025-2035
- 8.3.2. Canada Mobile Money Market
  - 8.3.2.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.3.2.3. Financial services breakdown size & forecasts, 2025-2035
8.4. Europe Mobile Money Market
- 8.4.1. UK Mobile Money Market
  - 8.4.1.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.4.1.3. Financial services breakdown size & forecasts, 2025-2035
- 8.4.2. Germany Mobile Money Market
  - 8.4.2.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.4.2.3. Financial services breakdown size & forecasts, 2025-2035
- 8.4.3. France Mobile Money Market
  - 8.4.3.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.4.3.3. Financial services breakdown size & forecasts, 2025-2035
- 8.4.4. Spain Mobile Money Market
  - 8.4.4.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.4.4.3. Financial services breakdown size & forecasts, 2025-2035
- 8.4.5. Italy Mobile Money Market
  - 8.4.5.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.4.5.3. Financial services breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe Mobile Money Market
  - 8.4.6.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.4.6.3. Financial services breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Mobile Money Market
- 8.5.1. China Mobile Money Market
  - 8.5.1.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.5.1.3. Financial services breakdown size & forecasts, 2025-2035
- 8.5.2. India Mobile Money Market
  - 8.5.2.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.5.2.3. Financial services breakdown size & forecasts, 2025-2035
- 8.5.3. Japan Mobile Money Market
  - 8.5.3.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.5.3.3. Financial services breakdown size & forecasts, 2025-2035
- 8.5.4. Australia Mobile Money Market
  - 8.5.4.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.5.4.3. Financial services breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea Mobile Money Market
  - 8.5.5.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.5.5.3. Financial services breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC Mobile Money Market
  - 8.5.6.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.5.6.3. Financial services breakdown size & forecasts, 2025-2035
8.6. Latin America Mobile Money Market
- 8.6.1. Brazil Mobile Money Market
  - 8.6.1.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.6.1.3. Financial services breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico Mobile Money Market
  - 8.6.2.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.6.2.3. Financial services breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Mobile Money Market
- 8.7.1. UAE Mobile Money Market
  - 8.7.1.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.7.1.3. Financial services breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) Mobile Money Market
  - 8.7.2.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.7.2.3. Financial services breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa Mobile Money Market
  - 8.7.3.1. Transaction mode breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Industry type breakdown size & forecasts, 2025-2035
  - 8.7.3.3. Financial services breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. PayPal Holdings Inc.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Mastercard Incorporated
9.4. Google LLC
9.5. Visa Inc.
9.6. Apple Inc.
9.7. Alipay (Ant Group)
9.8. Amazon Pay
9.9. Samsung Pay
9.10. WeChat Pay (Tencent Holdings Ltd.)
9.11. Orange S.A.
9.12. Airtel Money
9.13. Vodafone Group Plc (M-Pesa)
9.14. Western Union Holdings Inc.
9.15. Stripe Inc.
9.16. Square Inc. (Block, Inc.)