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Mobile Financial Services Market Opportunities for Telcos in Asia-Pacific

Mobile Financial Services Market Opportunities for Telcos in Asia-Pacific

Summary

MFS has proliferated throughout APAC with varied levels of adoption largely related to the development level of each market. Developed APAC has higher levels of overall MFS adoption; however Telco’s play a smaller role due to the strength of traditional financial institutions. However in emerging APAC, many Telco’s have launched MFS, including mobile money services, mobile banking, and regional remittances. Telco’s in this sub-region that are at a more advanced phase of evolution have opted to expand their MFS to include savings, credit, and insurance services.

Key market drivers enabling Telco’s to capture market opportunities include a small banked population with a growing or high rate of mobile services adoption. Increasing smartphone penetration also enables more compelling MFS. Further investment from government and industry into Telco MFS platforms to achieve financial inclusion and drive financial service penetration is another key factor for MFS growth in the region.

In order to provide a fuller and more advanced range of mobile financial services, operators across the region are both creating in-house solutions and partnering with more traditional financial players. Telco’s engaging with financial regulatory bodies to gain licenses, ease regulations and encourage cross industry collaboration are more successful when launching MFS.

Mobile Financial Services Market Opportunities for Telcos in Asia-Pacific, a new Telecom Insider Report, provides an executive-level overview of the Mobile Financial Services (MFS) market in Asia Pacific (APAC). It delivers quantitative and qualitative insights into the mobile market, analyzing key trends and growth drivers in the region.

It provides in-depth analysis of the following -

  • Core portfolio of mobile network operators' mobile financial services.
  • Recent development and the current state of mobile financial services in APAC, while also providing a closer look at the differences and similarities of mobile person-to-person payments.
  • Case studies from APAC giving insight into mobile network operators' portfolios, strategies, positioning, ambitions as well as the impact MFS has had on revenue.
  • Key findings and growth opportunities for the APAC mobile financial services market.
Companies Mentioned: Telkomsel, True Thailand, Globe Philippines, Alibaba, Ant Financial.

Scope
  • Key market drivers enabling telcos to capture market opportunities include a small banked population with a growing or high rate of mobile services adoption. Increasing smartphone penetration also enables more compelling MFS. Further investment from government and industry into telco MFS platforms to achieve financial inclusion and drive financial service penetration is another key factor for MFS growth in the region.
  • In order to provide a fuller and more advanced range of mobile financial services, operators across the region are both creating in-house solutions and partnering with more traditional financial players.
  • Telcos engaging with financial regulatory bodies to gain licenses, ease regulations and ecourage cross industry collaboration are more succesful when launching MFS.
Reasons to buy
  • Offers a comprehensive and detailed understanding of mobile financial services (MFS) portfolios and positioning in the APAC markets.
  • The report investigates MFS trends, milestones and competitive attributes, looking in particular at the various drivers and inhibitors in the APAC region.
  • To study APAC’s most competitive MNO MFS provisions, in order to inform strategic decision-making.
  • The report discusses commercial and technical developments in the wider mobile money market and what these developments might mean for the future.


Executive Summary
Section 1: Mobile Financial Services (MFS) Portfolio 6
Definition and Evolution
MFS portfolio definition 7
MFS market evolution and current market phase 8
Section 2: MFS Opportunities for Telcos in Asia-Pacific 9
Key drivers and inhibitors enabling MFS success for telcos 10
Market conditions conducive to MFS adoption 11
Section 3: Case Studies 12
Telkomsel T-Cash Indonesia 13
Ant Financial (Philippines & Thailand) 14
Section 4: Key Findings and Recommendations 15
Key findings and recommendations 16
Appendix 17
Acronyms and definitions 18
About the authors 19
About GlobalData 20
Contact information 21
List of Figures
Exhibit 1: MFS core portfolio - Definitions 7
Exhibit 2: Typical development of mobile money in Asia Pacific 8
Exhibit 3: MFS key growth drivers and inhibitors 10
Exhibit 4: MFS market opportunity in APAC, 2017 11
Exhibit 5: T-Cash Pricing, Portfolio & Partners 13
Exhibit 6: Ant Pricing, Portfolio & Partners 14

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