Key factors that drive Mobile Financial services’ growth
- 40% of Mobile Network Operator User Bases Will Be Actively Using Mobile Financial Services in the Next Five Years
- 80% Growth in Mobile Financial Services Transaction Value Anticipated Over the Next Five Years
- Customer Incentives, Extensive Last-mile Networks and COVID-19 Digital Payments Surge Lead Top Ten Factors That Have Accelerated Mobile Financial Services Success
The mobile financial services (MFS) market presents a significant opportunity for telcos to generate additional revenue and drive growth. However, to succeed in this complex market, MNOs must prioritize advanced services and evolve their service portfolios. By offering sophisticated financial services and partnering with merchants and money transfer operators, MNOs can overcome challenges and capitalize on the social benefits of MFS. Choosing the right technology platforms and vendors will be crucial for MNOs to stay competitive against fintech and technology companies.
