Kenya Mobile Money Market Share, Key Players, Industry Overview, Trends, Analysis by Regions and Forecast 2022-2027
The Kenya Mobile Money Market is expected to reach US$ 315.8 Billion by 2027, exhibiting a growth rate (CAGR) of 20.46% during 2022-2027.
SHERIDAN, WY, USA, December 1, 2022 /EINPresswire.com/ -- According to IMARC Groupโs latest report, titled โ๐๐ฒ๐ป๐๐ฎ ๐ ๐ผ๐ฏ๐ถ๐น๐ฒ ๐ ๐ผ๐ป๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐, ๐ฆ๐ต๐ฎ๐ฟ๐ฒ, ๐ฆ๐ถ๐๐ฒ, ๐๐ฟ๐ผ๐๐๐ต, ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐ฎ๐ฌ๐ฎ๐ฎ-๐ฎ๐ฌ๐ฎ๐ณโณ ย theย Kenya mobile money market sizeย reached US$ 89.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 315.8 Billion by 2027, exhibiting a growth rate (CAGR) of 20.46% during 2022-2027.
Mobile money represents an innovative payment service that is operated under financial rules and performed utilizing a mobile device and offering easy person-to-person money transfers rather than complicated banking transactions. It is an easy, secure, fast, and affordable way of making payments. In line with this, mobile money ensures that the money can be deposited in one location and withdrawn in another. Based on technology, it is commonly segregated into unstructured supplementary service data (USSD), mobile wallets, and others.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ณ๐ฟ๐ฒ๐ฒ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฏ๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ: https://www.imarcgroup.com/kenya-mobile-money-market/requestsample
๐๐ฒ๐ป๐๐ฎ ๐ ๐ผ๐ฏ๐ถ๐น๐ฒ ๐ ๐ผ๐ป๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐:
The increasing internet penetration and the growing utilization of smartphones are among the key factors stimulating the Kenya mobile money market. Additionally, the introduction of M-Pesa, which include financial transactions, such as deposit and withdrawal of money, transfer of money, paying bills, etc., is further bolstering the market growth. Besides this, the widespread adoption of mobile payment services, particularly in the health, agriculture, retail, and wholesale sectors, is acting as another significant growth-inducing factor. Moreover, the inflating popularity of mobile money for peer-to-peer transfer, cash transfer, purchasing goods and services, etc., and the rising number of telecom operators that allow consumers to pay bills and access services, including loans, insurance, savings, etc., are propelling the market growth across Kenya. Apart from this, numerous businesses and individuals are using the mobile money platform as a primary account for financial transactions, which is also augmenting the demand for these payment services. Furthermore, the ease of accessibility, 24/7 availability, security, lower transaction costs, user-friendliness, etc., are anticipated to fuel the Kenya mobile money market over the forecasted period.
๐๐ต๐ฒ๐ฐ๐ธ๐ผ๐๐ ๐ก๐ผ๐: https://www.imarcgroup.com/checkout?id=1446&method=1
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ ๐ช๐ถ๐๐ต ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐:
The competitive landscape of the kenya mobile money market has been studied in the report with the detailed profiles of the key players operating in the market.
๐ฆ๐ผ๐บ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ๐๐ฒ ๐ธ๐ฒ๐ ๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ:
โข M-Pesa (Vodafone Group)
โข Equitel Inc.
โข MobiKash Afrika Limited
โข Airtel Money
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป:
The report has segmented the kenya mobile money market on the basis of technology, business model, transaction type.
๐๐ฟ๐ฒ๐ฎ๐ธ๐๐ฝ ๐ฏ๐ ๐ง๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐:
โข USSD
โข Mobile Wallets
โข Others
๐๐ฟ๐ฒ๐ฎ๐ธ๐๐ฝ ๐ฏ๐ ๐๐๐๐ถ๐ป๐ฒ๐๐ ๐ ๐ผ๐ฑ๐ฒ๐น:
โข Mobile Led Model
โข Bank Led Model
๐๐ฟ๐ฒ๐ฎ๐ธ๐๐ฝ ๐ฏ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป ๐ง๐๐ฝ๐ฒ:
โข Peer to Peer
โข Bill Payments
โข Airtime Top-ups
โข Others
๐๐๐ธ ๐๐ป๐ฎ๐น๐๐๐ ๐ณ๐ผ๐ฟ ๐ญ๐ฌ% ๐ณ๐ฟ๐ฒ๐ฒ ๐ฐ๐๐๐๐ผ๐บ๐ถ๐๐ฒ๐ฑ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/request?type=report&id=1446&flag=C
๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐ฟ๐ผ๐๐๐ฒ ๐ฅ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐:
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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