Global Mobile Money Services 2015 – Extending the banking capabilities to the unbanked
Despite the increased focus by telcos for mobile money services, mobile money service adoption continues to be
plagued by the Government regulations, security concerns, prevelant trust of people on traditional mode of
transactions across most of the countries.
As per survey conducted by WiseStrokes, more than 30% of the users mobile phones to make payments in 2015 (as
payment options at more than 20% of the instances).
WiseStrokes survey finding states of 47% of the telcos offered mobile money services in 1-5 countries, whereas 25 of
the telcos offered these services in 5-10 countries. 29% of the telcos offered services in 10 or more countries. 83% of
the telcos who responded plans to offer mobile money services within one year.
In the next few years, it is expected that the telcos will continue to focus on launching mobile money services (with
additional functionalities in the region where they exist), in order to differentiates themselves from the other telcos,
thereby strengthening their competitive positioning and generating alternative revenue stream.
The report is divided into ten section including Overview, Current state, Mobile money ecosystem, Drivers &
inhibitors, Future of mobile money, Building blocks, Business models, Mobile payment vendors snapshots, Case studies
and Key findings.