| Product Code: ETC4380645 | 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 Bahrain is experiencing rapid growth, driven by the widespread adoption of mobile banking and digital payment solutions. With the government`s initiatives to promote financial inclusion and the increasing preference for cashless transactions, mobile money services are becoming increasingly popular among consumers and businesses alike. This market is expected to witness further expansion as mobile wallet providers and financial institutions introduce innovative payment solutions and value-added services.
The growing adoption of mobile banking and digital payment solutions is driving the Bahrain mobile money market. Mobile money platforms enable users to perform a wide range of financial transactions, including money transfers, bill payments, and online purchases, using their mobile devices. With the rise in smartphone penetration and the government`s initiatives to promote cashless transactions, mobile money services are gaining traction among consumers and businesses alike. Moreover, the convenience, security, and accessibility offered by mobile money solutions are driving their adoption across various sectors, including banking, retail, and telecommunications.
The Bahrain mobile money market faces challenges related to building trust, expanding access, and navigating regulatory frameworks. While mobile money offers convenient and cost-effective financial services to underserved populations, concerns about security, fraud, and reliability may deter adoption. Moreover, regulatory oversight aimed at safeguarding consumer interests and preventing illicit activities can impose compliance burdens on mobile money providers. Overcoming these challenges requires collaboration between industry stakeholders, regulators, and consumer advocacy groups to foster a safe and inclusive mobile money ecosystem.
Bahrain government has implemented regulations to govern mobile money services, ensuring financial inclusion, consumer protection, and compliance with international standards. These policies facilitate the adoption of mobile payment solutions and promote a cashless economy.
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 Bahrain Mobile Money Market Overview |
3.1 Bahrain Country Macro Economic Indicators |
3.2 Bahrain Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Bahrain Mobile Money Market - Industry Life Cycle |
3.4 Bahrain Mobile Money Market - Porter's Five Forces |
3.5 Bahrain Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Bahrain Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Bahrain Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Bahrain Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Bahrain Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Bahrain |
4.2.2 Growing demand for convenient and secure payment solutions |
4.2.3 Government initiatives to promote digital payments and financial inclusion |
4.3 Market Restraints |
4.3.1 Limited awareness and trust in mobile money services |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Competition from traditional banking services |
5 Bahrain Mobile Money Market Trends |
6 Bahrain Mobile Money Market, By Types |
6.1 Bahrain Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Bahrain Mobile Money Market Revenues & Volume, By Transaction mode, 2021-2031F |
6.1.3 Bahrain Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.4 Bahrain Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.5 Bahrain Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Bahrain Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Bahrain Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Bahrain Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Bahrain Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Bahrain Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Bahrain Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bahrain Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Bahrain Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Bahrain Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Bahrain Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Bahrain Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Bahrain Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Bahrain Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Bahrain Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Bahrain Mobile Money Market Import-Export Trade Statistics |
7.1 Bahrain Mobile Money Market Export to Major Countries |
7.2 Bahrain Mobile Money Market Imports from Major Countries |
8 Bahrain Mobile Money Market Key Performance Indicators |
8.1 Adoption rate of mobile money services among unbanked population |
8.2 Average transaction value and frequency |
8.3 Number of active mobile money users |
8.4 Customer satisfaction and retention rates |
8.5 Growth in partnerships with merchants and service providers |
9 Bahrain Mobile Money Market - Opportunity Assessment |
9.1 Bahrain Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Bahrain Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Bahrain Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Bahrain Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Bahrain Mobile Money Market - Competitive Landscape |
10.1 Bahrain Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Bahrain Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |