Mobile Money market reaches US$278.9b by 2018

DALLAS: According to a new market research report “Mobile Money Market: (Mobile Payments, Mobile Remittance, Mobile Banking & Mobile Commerce) – Advanced Technologies, Value Chain, Adoption Trends & Worldwide Market Forecasts (2013-2018)” published by MarketsandMarkets, an U.S.-based global market research and consulting company, the Mobile Money market is expected to grow from US$13.8 billion (RM42.69 billion) in 2013 to US$278.9 billion (RM862.69 billion) by 2018, at an estimated CAGR (compound annual growth rate) of 82.4 per cent over the same period. The report also forecasted that the number of mobile phones will surpass the world’s population in the coming years.

Author: VSDaily Editor

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