PUBLISHER: KBV Research | PRODUCT CODE: 1462204
PUBLISHER: KBV Research | PRODUCT CODE: 1462204
LAMEA Mobile Banking Market Size, Share & Trends Analysis Report By Platform (Android, iOS, and Others), By Transaction (Consumer-to-business, and Consumer-to-consumer), By Country and Growth Forecast, 2024 - 2031
The Latin America, Middle East and Africa Mobile Banking Market would witness market growth of 18.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Mobile Banking Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $130.2 Million by 2031. The Argentina market is showcasing a CAGR of 19.5% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 18.5% during (2024 - 2031).
Consumer preferences are shifting towards convenience, accessibility, and flexibility in banking services. Banking apps offer users the ability to manage their finances anytime, anywhere, without the constraints of traditional branch banking. As customers grow more used to digital interactions in other areas of their lives, they anticipate comparable degrees of accessibility and ease from their banking services.
Likewise, banks and financial institutions are investing heavily in digital transformation initiatives, including developing banking platforms. These initiatives aim to meet the evolving needs of consumers who prefer digital banking channels and to enhance the overall customer experience. banking apps are a key component of these initiatives, providing users convenient access to banking services on their mobile devices.
Greater investment in fintech startups in the region fosters innovation in banking solutions. With increased funding, fintech companies have the resources to develop and enhance banking apps with advanced features and functionalities. The Middle East and North Africa had a 58 percent growth in venture capital for fintech, from $587 million in 2021 to $925 million in 2022. Money rounds are increasing larger, with 131 deals receiving money in 2022 compared to 124 deals in 2021. Venture capital funding to the sector climbed from 21% in 2021 to 29% in 2022. Hence, the increasing fintech industry in the region is propelling the market's growth.
Based on Platform, the market is segmented into Android, iOS, and Others. Based on Transaction, the market is segmented into Consumer-to-business, and Consumer-to-consumer. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Mitsubishi UFJ Financial Group, Inc. (Mitsubishi group)
- JPMorgan Chase & Co.
- Wells Fargo & Company
- BNP Paribas S.A.
- American Express Company
- HSBC Holdings plc
- UBS AG (UBS Group AG)
- CAPITAL ONE FINANCIAL CORPORATION
- The Bank of America Corporation
- Citigroup Inc.
LAMEA Mobile Banking Market Report Segmentation
By Platform
- Android
- iOS
- Others
By Transaction
- Consumer-to-business
- Consumer-to-consumer
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1LAMEA Mobile Banking Market, by Platform
- 1.4.2LAMEA Mobile Banking Market, by Transaction
- 1.4.3LAMEA Mobile Banking Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2Key Strategic Move: (Mergers & Acquisition: 2021, Jun - 2024, Feb) Leading Players
- 4.4Porter Five Forces Analysis
Chapter 5.LAMEA Mobile Banking Market by Platform
- 5.1LAMEA Android Market by Country
- 5.2LAMEA iOS Market by Country
- 5.3LAMEA Others Market by Country
Chapter 6.LAMEA Mobile Banking Market by Transaction
- 6.1LAMEA Consumer-to-business Market by Country
- 6.2LAMEA Consumer-to-consumer Market by Country
Chapter 7.LAMEA Mobile Banking Market by Country
- 7.1Brazil Mobile Banking Market
- 7.1.1Brazil Mobile Banking Market by Platform
- 7.1.2Brazil Mobile Banking Market by Transaction
- 7.2Argentina Mobile Banking Market
- 7.2.1Argentina Mobile Banking Market by Platform
- 7.2.2Argentina Mobile Banking Market by Transaction
- 7.3UAE Mobile Banking Market
- 7.3.1UAE Mobile Banking Market by Platform
- 7.3.2UAE Mobile Banking Market by Transaction
- 7.4Saudi Arabia Mobile Banking Market
- 7.4.1Saudi Arabia Mobile Banking Market by Platform
- 7.4.2Saudi Arabia Mobile Banking Market by Transaction
- 7.5South Africa Mobile Banking Market
- 7.5.1South Africa Mobile Banking Market by Platform
- 7.5.2South Africa Mobile Banking Market by Transaction
- 7.6Nigeria Mobile Banking Market
- 7.6.1Nigeria Mobile Banking Market by Platform
- 7.6.2Nigeria Mobile Banking Market by Transaction
- 7.7Rest of LAMEA Mobile Banking Market
- 7.7.1Rest of LAMEA Mobile Banking Market by Platform
- 7.7.2Rest of LAMEA Mobile Banking Market by Transaction
Chapter 8.Company Profiles
- 8.1Mitsubishi UFJ Financial Group, Inc. (Mitsubishi group)
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Recent strategies and developments:
- 8.1.3.1Partnerships, Collaborations, and Agreements:
- 8.2BNP Paribas S.A.
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Regional Analysis
- 8.2.4Recent strategies and developments:
- 8.2.4.1Partnerships, Collaborations, and Agreements:
- 8.2.4.2Acquisition and Mergers:
- 8.3UBS AG (UBS Group AG)
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Recent strategies and developments:
- 8.3.4.1Partnerships, Collaborations, and Agreements:
- 8.4Capital One Financial Corporation
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.5Citigroup Inc.
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.6JPMorgan Chase & Co.
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Segmental and Regional Analysis
- 8.6.4Recent strategies and developments:
- 8.6.4.1Partnerships, Collaborations, and Agreements:
- 8.6.4.2Acquisition and Mergers:
- 8.6.5SWOT Analysis
- 8.7HSBC Holdings plc
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Recent strategies and developments:
- 8.7.3.1Product Launches and Product Expansions:
- 8.7.3.2Acquisition and Mergers:
- 8.8The Bank of America Corporation
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.9Wells Fargo & Company
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Recent strategies and developments:
- 8.9.3.1Partnerships, Collaborations, and Agreements:
- 8.9.3.2Product Launches and Product Expansions:
- 8.9.4SWOT Analysis
- 8.10.American Express Company
- 8.10.1Company Overview
- 8.10.2Financial Analysis
- 8.10.3Regional Analysis
LIST OF TABLES
- TABLE 1LAMEA Mobile Banking Market, 2020 - 2023, USD Million
- TABLE 2LAMEA Mobile Banking Market, 2024 - 2031, USD Million
- TABLE 3Partnerships, Collaborations and Agreements- Mobile Banking Market
- TABLE 4Product Launches And Product Expansions- Mobile Banking Market
- TABLE 5Acquisition and Mergers- Mobile Banking Market
- TABLE 6LAMEA Mobile Banking Market by Platform, 2020 - 2023, USD Million
- TABLE 7LAMEA Mobile Banking Market by Platform, 2024 - 2031, USD Million
- TABLE 8LAMEA Android Market by Country, 2020 - 2023, USD Million
- TABLE 9LAMEA Android Market by Country, 2024 - 2031, USD Million
- TABLE 10LAMEA iOS Market by Country, 2020 - 2023, USD Million
- TABLE 11LAMEA iOS Market by Country, 2024 - 2031, USD Million
- TABLE 12LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 13LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 14LAMEA Mobile Banking Market by Transaction, 2020 - 2023, USD Million
- TABLE 15LAMEA Mobile Banking Market by Transaction, 2024 - 2031, USD Million
- TABLE 16LAMEA Consumer-to-business Market by Country, 2020 - 2023, USD Million
- TABLE 17LAMEA Consumer-to-business Market by Country, 2024 - 2031, USD Million
- TABLE 18LAMEA Consumer-to-consumer Market by Country, 2020 - 2023, USD Million
- TABLE 19LAMEA Consumer-to-consumer Market by Country, 2024 - 2031, USD Million
- TABLE 20LAMEA Mobile Banking Market by Country, 2020 - 2023, USD Million
- TABLE 21LAMEA Mobile Banking Market by Country, 2024 - 2031, USD Million
- TABLE 22Brazil Mobile Banking Market, 2020 - 2023, USD Million
- TABLE 23Brazil Mobile Banking Market, 2024 - 2031, USD Million
- TABLE 24Brazil Mobile Banking Market by Platform, 2020 - 2023, USD Million
- TABLE 25Brazil Mobile Banking Market by Platform, 2024 - 2031, USD Million
- TABLE 26Brazil Mobile Banking Market by Transaction, 2020 - 2023, USD Million
- TABLE 27Brazil Mobile Banking Market by Transaction, 2024 - 2031, USD Million
- TABLE 28Argentina Mobile Banking Market, 2020 - 2023, USD Million
- TABLE 29Argentina Mobile Banking Market, 2024 - 2031, USD Million
- TABLE 30Argentina Mobile Banking Market by Platform, 2020 - 2023, USD Million
- TABLE 31Argentina Mobile Banking Market by Platform, 2024 - 2031, USD Million
- TABLE 32Argentina Mobile Banking Market by Transaction, 2020 - 2023, USD Million
- TABLE 33Argentina Mobile Banking Market by Transaction, 2024 - 2031, USD Million
- TABLE 34UAE Mobile Banking Market, 2020 - 2023, USD Million
- TABLE 35UAE Mobile Banking Market, 2024 - 2031, USD Million
- TABLE 36UAE Mobile Banking Market by Platform, 2020 - 2023, USD Million
- TABLE 37UAE Mobile Banking Market by Platform, 2024 - 2031, USD Million
- TABLE 38UAE Mobile Banking Market by Transaction, 2020 - 2023, USD Million
- TABLE 39UAE Mobile Banking Market by Transaction, 2024 - 2031, USD Million
- TABLE 40Saudi Arabia Mobile Banking Market, 2020 - 2023, USD Million
- TABLE 41Saudi Arabia Mobile Banking Market, 2024 - 2031, USD Million
- TABLE 42Saudi Arabia Mobile Banking Market by Platform, 2020 - 2023, USD Million
- TABLE 43Saudi Arabia Mobile Banking Market by Platform, 2024 - 2031, USD Million
- TABLE 44Saudi Arabia Mobile Banking Market by Transaction, 2020 - 2023, USD Million
- TABLE 45Saudi Arabia Mobile Banking Market by Transaction, 2024 - 2031, USD Million
- TABLE 46South Africa Mobile Banking Market, 2020 - 2023, USD Million
- TABLE 47South Africa Mobile Banking Market, 2024 - 2031, USD Million
- TABLE 48South Africa Mobile Banking Market by Platform, 2020 - 2023, USD Million
- TABLE 49South Africa Mobile Banking Market by Platform, 2024 - 2031, USD Million
- TABLE 50South Africa Mobile Banking Market by Transaction, 2020 - 2023, USD Million
- TABLE 51South Africa Mobile Banking Market by Transaction, 2024 - 2031, USD Million
- TABLE 52Nigeria Mobile Banking Market, 2020 - 2023, USD Million
- TABLE 53Nigeria Mobile Banking Market, 2024 - 2031, USD Million
- TABLE 54Nigeria Mobile Banking Market by Platform, 2020 - 2023, USD Million
- TABLE 55Nigeria Mobile Banking Market by Platform, 2024 - 2031, USD Million
- TABLE 56Nigeria Mobile Banking Market by Transaction, 2020 - 2023, USD Million
- TABLE 57Nigeria Mobile Banking Market by Transaction, 2024 - 2031, USD Million
- TABLE 58Rest of LAMEA Mobile Banking Market, 2020 - 2023, USD Million
- TABLE 59Rest of LAMEA Mobile Banking Market, 2024 - 2031, USD Million
- TABLE 60Rest of LAMEA Mobile Banking Market by Platform, 2020 - 2023, USD Million
- TABLE 61Rest of LAMEA Mobile Banking Market by Platform, 2024 - 2031, USD Million
- TABLE 62Rest of LAMEA Mobile Banking Market by Transaction, 2020 - 2023, USD Million
- TABLE 63Rest of LAMEA Mobile Banking Market by Transaction, 2024 - 2031, USD Million
- TABLE 64Key Information - Mitsubishi UFJ Financial Group, Inc.
- TABLE 65Key Information - BNP Paribas S.A.
- TABLE 66Key Information - UBS AG
- TABLE 67Key Information - Capital One Financial Corporation
- TABLE 68Key Information - Citigroup Inc.
- TABLE 69key information - JPMorgan Chase & Co.
- TABLE 70Key Information - HSBC Holdings plc
- TABLE 71Key Information - The Bank of America Corporation
- TABLE 72Key Information - Wells Fargo & Company
- TABLE 73Key Information - American Express Company
