MNO’s With Advanced Technology to Govern Mobile Financial Services Market in Africa and Middle East: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Mobile financial services technology plays a significant role in building secured and robust technology solutions for an inclusive cashless society. Various technological applications such as FinTech solutions, API built architecture and blockchain technology have witnessed a drastic change within the financial sector. Majority of the banks in Africa and the Middle East are adopting mobile financial services which is a key solution to reinvent business. Few reasons that compelled banks in Africa and the Middle East to adopt digitalization are increasing adoption of smartphones, ease of online banking operations, banks adopting hybrid business strategies, blockchain technology, Fintech, and API. According to the study “Mobile Financial Services Market Opportunities for Telcos in Africa and the Middle East”, the most excellent element is that banks in Africa and the Middle East do not need to develop any of the latest technologies by themselves. They can simply partner with any of the mobile financial service technology providers which help in connecting their bank to the customers on a mobile phone. To compete with Africa’s diverse mobile money markets, all the banks offer mobile digitalization across the financial services spectrum. The leading players in mobile financial services market opportunities for Telcos in Africa and the Middle East are Orange, Safaricom, and M-Pesa. Fintechs are well established either individually or with a partnership with various services to withstand the battle within the financial market in Africa and the Middle East. Mobile financial services include a spectrum of financial services starting from payments, current accounts, savings, loans, investments, and insurance. All the mobile services initiate the customers to send, receive, and store money using their mobile smartphone. Mobile financial services market has expanded drastically to include a broad array of financial services such as credit, insurance, and cross-border remittances. Mobile money or mobile financial services extends vast opportunities, which enabled consumers and small businesses where many of them had little or no access to a bank. These services send and receive money quickly and securely across great distances. Although banks are adopting various advanced technologies, software and services; mobile network operators (MNO’s) play an important role in dominating the financial landscape. With the number of active mobile money users, the margins within the payment sector are large and highest in the world, at approximately two percent of the transaction value. Introduction of banking apps for smartphones and text-based money transfer services is increasing using basic Smartphone handsets. FNB’s banking app is utilized by approximately two million active customers in South Africa. The merging of successful mobile network operators and mobile money services has witnessed an increase in clients and reduced bank-centric approaches in Africa and the Middle East. Mobile financial services witnessed drastic growth and momentum in mobile payments based on networks, customer concentration, and client experience. Africa is the global leader in mobile money and showcases its advanced financial services landscape. It was estimated that one individual out of ten individuals has adopted the mobile money accounts. These newer trends have generated ample room for growth in mobile financial services in Africa and Middle East countries. To know more, click on the link below:- https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/mobile-financial-services/157414-105.html Related Reports:- https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/mobile-financial-services/171992-105.html https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/mobile-financial-services-asia/156787-105.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Post Views: 7 Tags: Africa & Middle East Digital Payments Market Future, Africa & Middle East Digital Payments Market Players, Africa & Middle East Mobile Wallet and Payment Market Report, Africa Mobile Financial Services Market Analysis, Africa Mobile Financial Services Market Opportunities, Africa Mobile Financial Services Market Outlook, Africa Mobile Financial Services Market Research Report, Africa Mobile Payment Market Share, Africa Mobile Payment Market Size, Middle East Mobile Financial Services Industry Research Report, Middle East Mobile Financial Services Market Forecast, Mobile Financial Services Industry in Middle East, Mobile Financial Services Market in Africa, أفريقيا والشرق الأوسط المدفوعات الرقمية لاعبي السوق, توقعات سوق الخدمات المالية لأفريقيا المحمول, حجم سوق الدفع عبر الهاتف المحمول في أفريقيا ، توقعات سوق الخدمات المالية المتنقلة في الشرق الأوسط, فرص سوق الخدمات المالية لأفريقيا موبايل