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
12-Jan-2017
Latin America
Market Research
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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
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
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Global Perspective
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Deliverable Type | Market Research |
---|---|
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 |