Product Code: ETC278492 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Bangladesh mobile wallet market is witnessing significant traction, fueled by the country`s growing adoption of digital payments, smartphone penetration, and financial inclusion initiatives. Mobile wallets enable users to store payment card information, make transactions, and manage finances through mobile applications, offering convenience, security, and flexibility in payments. With increasing smartphone usage, internet connectivity, and government-led efforts to promote cashless transactions, the demand for mobile wallets is expected to rise, supporting financial inclusion and digital economy growth in Bangladesh.
The Bangladesh mobile wallet market is driven by the rapid adoption of digital payment solutions and the increasing penetration of smartphones. Mobile wallets offer users a convenient and secure way to make payments, transfer funds, and manage finances using their mobile devices. With the government`s push towards a cashless economy and the growing acceptance of mobile payments by merchants, there is a rising demand for mobile wallet services among consumers and businesses alike. Moreover, the integration of additional features such as loyalty programs, rewards, and utility bill payments further stimulates market growth by enhancing the value proposition of mobile wallets.
Challenges in the Bangladesh mobile wallet market include interoperability issues, user adoption barriers, and regulatory compliance. Moreover, addressing payment security concerns, ensuring merchant acceptance, and overcoming trust barriers pose significant hurdles for mobile wallet service providers and users in the financial sector.
Government policies in Bangladesh mobile wallet market may include regulations on electronic payments, consumer protection measures, and anti-fraud safeguards. Regulatory frameworks may address issues such as transaction limits, Know Your Customer (KYC) requirements, and dispute resolution mechanisms. Additionally, policies may promote interoperability among mobile wallet providers and financial institutions to facilitate seamless and secure mobile payment transactions.
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 Bangladesh Mobile Wallet Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Mobile Wallet Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Mobile Wallet Market - Industry Life Cycle |
3.4 Bangladesh Mobile Wallet Market - Porter's Five Forces |
3.5 Bangladesh Mobile Wallet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bangladesh Mobile Wallet Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Bangladesh Mobile Wallet Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Bangladesh Mobile Wallet Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Bangladesh Mobile Wallet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Bangladesh |
4.2.2 Growing adoption of digital payment solutions |
4.2.3 Government initiatives to promote cashless transactions |
4.3 Market Restraints |
4.3.1 Limited internet connectivity and network infrastructure in rural areas |
4.3.2 Low levels of financial literacy and awareness about mobile wallets |
4.3.3 Security concerns related to digital payments |
5 Bangladesh Mobile Wallet Market Trends |
6 Bangladesh Mobile Wallet Market, By Types |
6.1 Bangladesh Mobile Wallet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Mobile Wallet Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Bangladesh Mobile Wallet Market Revenues & Volume, By Proximity, 2021-2031F |
6.1.4 Bangladesh Mobile Wallet Market Revenues & Volume, By Remote, 2021-2031F |
6.2 Bangladesh Mobile Wallet Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Mobile Wallet Market Revenues & Volume, By Near Field Communication, 2021-2031F |
6.2.3 Bangladesh Mobile Wallet Market Revenues & Volume, By Qr Code, 2021-2031F |
6.2.4 Bangladesh Mobile Wallet Market Revenues & Volume, By Text Based/short Message Service, 2021-2031F |
6.2.5 Bangladesh Mobile Wallet Market Revenues & Volume, By Digital Only, 2021-2031F |
6.3 Bangladesh Mobile Wallet Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Mobile Wallet Market Revenues & Volume, By Hospitality & Transportation, 2021-2031F |
6.3.3 Bangladesh Mobile Wallet Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.3.4 Bangladesh Mobile Wallet Market Revenues & Volume, By Retail, 2021-2031F |
6.3.5 Bangladesh Mobile Wallet Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.6 Bangladesh Mobile Wallet Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
6.3.7 Bangladesh Mobile Wallet Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.4 Bangladesh Mobile Wallet Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Bangladesh Mobile Wallet Market Revenues & Volume, By Personal, 2021-2031F |
6.4.3 Bangladesh Mobile Wallet Market Revenues & Volume, By Business, 2021-2031F |
7 Bangladesh Mobile Wallet Market Import-Export Trade Statistics |
7.1 Bangladesh Mobile Wallet Market Export to Major Countries |
7.2 Bangladesh Mobile Wallet Market Imports from Major Countries |
8 Bangladesh Mobile Wallet Market Key Performance Indicators |
8.1 Number of active mobile wallet users |
8.2 Transaction volume and value processed through mobile wallets |
8.3 Growth rate of mobile wallet transactions compared to traditional payment methods |
9 Bangladesh Mobile Wallet Market - Opportunity Assessment |
9.1 Bangladesh Mobile Wallet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bangladesh Mobile Wallet Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Bangladesh Mobile Wallet Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Bangladesh Mobile Wallet Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Bangladesh Mobile Wallet Market - Competitive Landscape |
10.1 Bangladesh Mobile Wallet Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Mobile Wallet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |