Latin American Mobile Money and Payment Services Market, Forecast to 2022

Deployments for Unbanked Populations to Propel Regional Growth Opportunities for Telcos with Brazil and Colombia Setting Pace

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The Latin American mobile money and payment services market is set to increase deployments for the unbanked population, which largely relies on cash and over-the-counter (OTC) transactions in place of electronic transactions. Currently, Brazil and Colombia have the majority of deployments for the unbanked, yet the partnerships between telcos and banks are dominant across Latin America. A number of factors separate those that have witnessed high growth in the mobile money services market from those that have only registered modest growth: density of agent networks, partnerships with merchants and other providers in the ecosystem, and mainstream financial services. There are specific use cases in which telcos can still play a role in mobile money services and dominate the market such as social support, physical goods and services, online goods and services, and churn reduction.

Research Scope
This study focuses on analyzing mobile carriers’ initiatives regarding mobile money and payment services in Latin America, which includes Brazil, Argentina, Chile, Colombia, Mexico, and Peru.

The key focus areas of the research are as follows:
•     Main trends (type of service, type of model, VAS, market evolution, ecosystem, benefits, regulations, success factors, role of telcos)
•     Market assessment (payment channels used by the unbanked, banking transaction channels in Brazil, financial and non-financial
transactions in Brazil, mobile services penetration, mobile services by customer type)
•     Forecasts for 2017–2022 (registered and active users, registered and active users per population, registered users by country)
•     Growth opportunities (standardization, advanced technologies, interoperability, cashless societies, single interface)

A look at the 16 current deployments for the unbanked in Latin America is also provided. Frost & Sullivan finds significant opportunity for growth in terms of the number of registered and active users across the region. By 2022, Latin America will have approximately 180.0 million registered mobile money and payment users with 91.8 million active users. In Brazil, Mexico, and Colombia, registered users are likely to reach 83.4 million, 39.6 million, and 17.8 million, respectively.

Key Questions This Study Will Answer
•     What is the size of the total Latin American mobile payment services market? Is the market growing, how long will it continue to grow, and at
what rate?
•     What are the use cases and drawbacks of mobile payments? What are the key drivers and restraints impacting the growth of this market?
•     What are the key trends and opportunities in the market?

Key Target Readers
•     Telcos
•     Service providers
•     Banks

Table of Contents

Latin American Mobile Money and Payment Services Market, Forecast to 2022Executive SummaryExecutive SummaryIntroductionResearch Objectives, Scope, and MethodologyMobile Financial Services MappingMarket OverviewFinancial Services PenetrationPayment Channels Used by the UnbankedBanking Transaction Channels in BrazilFinancial and Non-financial Transactions in BrazilMobile Services PenetrationMobile Services by Customer TypeMarket Drivers and RestraintsMarket DriversDrivers ExplainedMarket RestraintsRestraints ExplainedMarket AnalysisForecast AssumptionsRegistered and Active Users ForecastRegistered and Active Users per Population ForecastRegistered Users Forecast by CountryGrowth Opportunities and Companies to ActionGrowth Opportunity 1—StandardizationGrowth Opportunity 2—Advanced TechnologiesGrowth Opportunity 3—InteroperabilityGrowth Opportunity 4—Cashless SocietiesGrowth Opportunity 5—Single InterfaceStrategic Imperatives for Success and GrowthDeployments for the UnbankedMobile Money Deployments for the UnbankedMobile Money Deployments for the Unbanked (continued)Mobile Money Deployments for the Unbanked (continued)Mobile Money Deployments for the Unbanked (continued)Mobile Money Deployments for the Unbanked (continued)Market TrendsMobile Financial Services—Type of ServiceMobile Financial Services—Type of ModelMobile Financial Services—VASMobile Financial Services—Market EvolutionMobile Money and Payment Services—EcosystemMobile and Payment Services—BenefitsMobile Money and Payment Services—RegulationMobile Money and Payment Services—Success FactorsMobile and Payment Services—Role of TelcosThe Last WordThe Last Word—Key TakeawaysLegal DisclaimerThe Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition: Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy




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