Use of Internet Increasing Mobile Financial Services: 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 A mobile financial service is an approach to offering financial services that combines banking with mobile wireless networks which enable users to execute banking transactions. Financial services encompass a broad range of businesses that manage money, including credit unions, banks, credit card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises. Mobile financial services can be broadly categorized into three areas: mobile payments, mobile banking, and microfinance. Mobile payments are online international payments for virtual goods: it is used to money paid for a product or service through a portable electronic device such as a tablet or cell phone, also known as m-commerce. Mobile banking includes financial transactions on a mobile device: it includes account information, transaction, investments and content services etc. Microfinance is a type of banking service that is provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services (loan & EMI payments). According to study, “Mobile Financial Services in Asia-Pacific: Telco Service Portfolios and Positioning Strategies” some of the major companies that are currently working in the mobile financial services in Asia-Pacific are NTT Docomo, Telkmosel, Globe, Singtel, Google, Alipay, ANZ, Shinhan Bank, Samsung, Apple, Fuse, Axiata, Smart, Robi, BIMA ,Telenor, Ooredoo, Digicel, AIS, True, XL, Grameenphone, Rabbit Line Pay, Tameer Bank, Mynt, Ant Financial, Ayala Corp., MasterCard, PayPal, Alibaba, Bank of Philippines Islands, BancNet, CIMB. Some mobile financial services technologies are short message service (SMS), mobile-enabled websites & browsers, mobile applications, and wireless payment technologies. SMS is a text messaging service component of phone, Web, or mobile communication systems: it uses standardized communications protocols to allow devices to exchange short text messages. The mobile-enabled Web site is designed to detect the type of device the customer is using (e.g., mobile device or desktop computer) and displays web pages in the best format for that device. Mobile financial applications are developed by or for financial institutions to allow customers to perform account inquiries, retrieve information, or initiate financial transactions. Wireless payment technology includes near field communication, image-based, carrier-based and mobile person to person. Some applications of mobile financial service are SMS payments, chip payments, WAP banking, browser banking, remittances, person to person payments, merchant payments, account balances and alerts etc. Bangladesh has a rapidly growing mobile financial services industry, with at least 17 providers already offering services on the market. By the end of 2016, the number of total agents was 7,10,026, the number of registered customers was almost 41.1 million, a number of total transactions were 1,473.2million and the number of total transactions was BDT 2346.9 billion. In the country, some guidelines services for mobile financial services are cash in/out using the mobile account, business to person payments, government to person payments, person to person payments, disbursement of inward foreign remittances etc. In 2017, some trends are shaped into the mobile financial sector in India. These trends are Paytm thrives on demonetization, artificial intelligence powered chatbots, Unified payments interface growth, biometric authentication, and ATMs shut down. Additionally, regulators approved a new type of bank, known as payments banks, which can operate savings accounts accepting deposits of up to INR100,000 (roughly $1,500) and let customers make digital payments with their accounts. In Asia-Pacific, mobile digital wallets are the most popular type of mobile financial service solution, enabling transactions from connected devices and a variety of providers to offer branded m-wallet services. There are some payment services are included such as Alipay, Tenpay, Payease, Asiapay, NTT Com Asia, PaySec, Red dot payment, Molpay, 2C2P, and context Asia etc. In 2018, the central bank of Bangladesh allowed mobile operators to hold a maximum of 49 percent shares in MFS providers. Smartphone penetration of population is expected to reach 64% in Asia-Pacific, proving that more people have access to a mobile device than to banking services in the region. It is expected that mobile financial service market will reach US$72 billion by 2020. To know more, click on the link below:- https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/mobile-financial-services-asia/156787-105.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-africa/152450-105.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Post Views: 5 Tags: Asia-Pacific Mobile Financial Services Industry Research Report, Asia-Pacific Mobile Financial Services Market Analysis, Asia-Pacific Mobile Financial Services Market Forecast, Asia-Pacific Mobile Financial Services Market Future, Asia-Pacific Mobile Financial Services Market Major Players, Asia-Pacific Mobile Financial Services Market Opportunities, Asia-Pacific Mobile Financial Services Market Outlook, Asia-Pacific Mobile Financial Services Market Overview, Asia-Pacific Mobile Financial Services Market Research Report, Asia-Pacific Mobile Financial Services Market Segmentation, Asien-Pazifik-Markt für mobile Finanzdienstleistungen, Market Scope of Mobile Financial Services in Asia-Pacific, Mobile Financial Services Industry in Asia-Pacific, Mobile Financial Services Market in Asia-Pacific, Азиатско-Тихоокеанский рынок мобильных финансовых услуг, سوق الخدمات المالية المتنقلة في آسيا والمحيط الهادئ ، 亚太移动金融服务市场, เอเชียแปซิฟิกตลาดบริการการเงินมือถือ, 아시아 - 태평양 이동할 수있는 금융 서비스 시장