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

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

RELEASE DATE
12-Jan-2017
REGION
Latin America
Research Code: 9ABB-00-1A-00-00
SKU: TE03693-LA-MR_19338

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Description

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

Executive Summary

Research Objectives, Scope, and Methodology

Mobile Financial Services Mapping

Financial Services Penetration

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

Market Drivers

Drivers Explained

Market Restraints

Restraints Explained

Forecast Assumptions

Registered and Active Users Forecast

Registered and Active Users per Population Forecast

Registered Users Forecast by Country

Growth Opportunity 1—Standardization

Growth Opportunity 2—Advanced Technologies

Growth Opportunity 3—Interoperability

Growth Opportunity 4—Cashless Societies

Growth Opportunity 5—Single Interface

Strategic Imperatives for Success and Growth

Mobile Money Deployments for the Unbanked

Mobile 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)

Mobile Financial Services—Type of Service

Mobile Financial Services—Type of Model

Mobile Financial Services—VAS

Mobile Financial Services—Market Evolution

Mobile Money and Payment Services—Ecosystem

Mobile and Payment Services—Benefits

Mobile Money and Payment Services—Regulation

Mobile Money and Payment Services—Success Factors

Mobile and Payment Services—Role of Telcos

The Last Word—Key Takeaways

Legal Disclaimer

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
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 Am
More Information
No Index No
Podcast No
Author Carina Goncalves
Industries Telecom
WIP Number 9ABB-00-1A-00-00
Is Prebook No
GPS Codes 9655,9657,9705-C1,9845-63,99D2-C1,99D7-C1,9A5B-C1,9B0E-C1