| Product Code: ETC4380652 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The mobile money market in Algeria is gaining traction as more consumers embrace digital payment solutions. With the government`s initiatives to promote financial inclusion and the rise in mobile penetration rates, mobile money services are becoming increasingly popular among Algerias. Mobile operators, financial institutions, and fintech companies are actively developing innovative mobile money platforms to cater to the diverse needs of consumers, driving the growth of the market.
The Algeria mobile money market is experiencing significant growth driven by various factors shaping the country`s financial landscape. One key driver is the rising adoption of mobile payment solutions among Algeria consumers, driven by the convenience, accessibility, and security offered by mobile money platforms. With increasing smartphone penetration and expanding internet connectivity, mobile money services are becoming an integral part of everyday financial transactions for many Algerias.
Despite the growing popularity of mobile money services in Algeria, several challenges hinder its widespread adoption. One major obstacle is the lack of widespread access to banking services, particularly in rural areas. This limits the reach of mobile money platforms, as users may face difficulties in cashing in or cashing out funds. Moreover, concerns about security and fraud deter some Algerias from fully embracing mobile payment solutions. Regulatory barriers and the need for interoperability between different mobile money platforms further complicate the market landscape.
In response to the increasing importance of mobile money services in financial inclusion and economic development, the Algeria government has introduced policies to regulate and promote the mobile money market. These policies include licensing requirements for mobile money operators, consumer protection regulations, and initiatives to promote interoperability between different mobile money platforms. The government also supports financial literacy programs to educate consumers about the benefits and risks of mobile money services.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Algeria Mobile Money Market Overview |
3.1 Algeria Country Macro Economic Indicators |
3.2 Algeria Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Algeria Mobile Money Market - Industry Life Cycle |
3.4 Algeria Mobile Money Market - Porter's Five Forces |
3.5 Algeria Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Algeria Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Algeria Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Algeria Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Algeria Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Algeria |
4.2.2 Government initiatives to promote financial inclusion |
4.2.3 Growing adoption of mobile payment solutions |
4.3 Market Restraints |
4.3.1 Limited internet connectivity in rural areas |
4.3.2 Lack of trust in mobile money services |
4.3.3 Regulatory challenges and compliance requirements |
5 Algeria Mobile Money Market Trends |
6 Algeria Mobile Money Market, By Types |
6.1 Algeria Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Algeria Mobile Money Market Revenues & Volume, By Transaction mode, 2021-2031F |
6.1.3 Algeria Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.4 Algeria Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.5 Algeria Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Algeria Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Algeria Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Algeria Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Algeria Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Algeria Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Algeria Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Algeria Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Algeria Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Algeria Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Algeria Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Algeria Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Algeria Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Algeria Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Algeria Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Algeria Mobile Money Market Import-Export Trade Statistics |
7.1 Algeria Mobile Money Market Export to Major Countries |
7.2 Algeria Mobile Money Market Imports from Major Countries |
8 Algeria Mobile Money Market Key Performance Indicators |
8.1 Number of active mobile money users |
8.2 Average transaction value per user |
8.3 Percentage of population with access to mobile money services |
8.4 Customer satisfaction ratings |
8.5 Number of partnerships with banks and retailers |
9 Algeria Mobile Money Market - Opportunity Assessment |
9.1 Algeria Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Algeria Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Algeria Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Algeria Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Algeria Mobile Money Market - Competitive Landscape |
10.1 Algeria Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Algeria Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |