Product Code: ETC5416430 | Publication Date: Nov 2023 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The mobile money market in Benin is expanding with the increasing adoption of mobile financial services for transactions and payments. Mobile money solutions enable users to transfer funds, pay bills, and access financial services via mobile devices. The market benefits from growing financial inclusion and advancements in mobile payment technologies. Challenges include managing security risks associated with mobile transactions and ensuring regulatory compliance.
The mobile money market in Benin benefits from the growing adoption of digital financial services through mobile devices. Mobile money solutions provide convenient and accessible payment options, supporting financial inclusion and transaction efficiency. The increase in mobile phone usage and the need for secure payment methods drive market growth.
Challenges in the Mobile Money market include the need for robust security measures to protect financial transactions and user data. Limited infrastructure and access to financial services can impact the adoption and effectiveness of mobile money solutions. Additionally, regulatory compliance, user education, and integration with existing financial systems are ongoing challenges in this market.
The Mobile Money market in Benin is influenced by government policies related to financial technology and digital payments. Policies promoting the adoption of mobile money solutions for financial inclusion and convenience, and regulations concerning transaction security and compliance with financial standards, are crucial. Support for investment in fintech technologies and research and development in mobile payment solutions plays a significant role in shaping the market.
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 Benin Mobile Money Market Overview |
3.1 Benin Country Macro Economic Indicators |
3.2 Benin Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Benin Mobile Money Market - Industry Life Cycle |
3.4 Benin Mobile Money Market - Porter's Five Forces |
3.5 Benin Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Benin Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Benin Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Benin Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Benin Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Benin Mobile Money Market Trends |
6 Benin Mobile Money Market Segmentations |
6.1 Benin Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Benin Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.3 Benin Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.4 Benin Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Benin Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Benin Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Benin Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Benin Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Benin Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Benin Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Benin Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Benin Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Benin Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Benin Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Benin Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Benin Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Benin Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Benin Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Benin Mobile Money Market Import-Export Trade Statistics |
7.1 Benin Mobile Money Market Export to Major Countries |
7.2 Benin Mobile Money Market Imports from Major Countries |
8 Benin Mobile Money Market Key Performance Indicators |
9 Benin Mobile Money Market - Opportunity Assessment |
9.1 Benin Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Benin Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Benin Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Benin Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Benin Mobile Money Market - Competitive Landscape |
10.1 Benin Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Benin Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |