Burkina Faso Mobile Money Market (2025-2031) | Trends, Size, Companies, Value, Analysis, Outlook, Share, Forecast, Growth, Segmentation, Revenue & Industry
Market Forecast By Transaction mode (Point of Sale (PoS), Mobile Apps, QR codes), By Nature of Payment (Person to Person (P2P), Person to Business (P2B), Business to Person (B2P), Business to Business (B2B)), By Application (Money transfers, Bill Payments, Airtime Transfer and Top-Ups, Travel and Ticketing, Merchandise and Coupons), By Type of Payments (Remote Payments, Proximity Payments) And Competitive Landscape
| Product Code: ETC5416437 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Burkina Faso Mobile Money Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Burkina Faso continues to rely on imports for its mobile money sector, with key suppliers including China, Mexico, France, USA, and India in 2024. Despite a negative growth rate of -36.56% in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 stands at a healthy 7.66%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, highlighting the dominance of these top exporting countries in meeting Burkina Faso`s mobile money import demands.
Burkina Faso Mobile Money Market Overview
The mobile money market in Burkina Faso involves financial services and transactions conducted via mobile devices. Mobile money solutions enable users to perform banking and payment activities through their phones, increasing financial inclusion and accessibility. The market is growing as mobile financial services gain popularity and expand.
Drivers of the market
The Burkina Faso Mobile Money Market is experiencing rapid growth due to the increasing adoption of mobile financial services. The demand for mobile money solutions has surged as more people use mobile devices for banking, payments, and remittances. The market is also supported by the expansion of mobile network coverage and the need to provide financial services to the unbanked population.
Challenges of the market
The mobile money market in Burkina Faso faces challenges related to limited technology adoption and infrastructure. Mobile money services, which involve financial transactions through mobile devices, require advanced technology and support systems. The market`s growth is constrained by the availability of local resources and the need for investment in digital financial solutions.
Government Policy of the market
The mobile money market in Burkina Faso benefits from government policies that promote financial inclusion and digital payment solutions. The government supports the adoption of mobile money technologies through regulations and incentives. Policies aim to enhance access to financial services and promote secure mobile payment systems.
Key Highlights of the Report:
- Burkina Faso Mobile Money Market Outlook
- Market Size of Burkina Faso Mobile Money Market, 2024
- Forecast of Burkina Faso Mobile Money Market, 2031
- Historical Data and Forecast of Burkina Faso Mobile Money Revenues & Volume for the Period 2021-2031
- Burkina Faso Mobile Money Market Trend Evolution
- Burkina Faso Mobile Money Market Drivers and Challenges
- Burkina Faso Mobile Money Price Trends
- Burkina Faso Mobile Money Porter`s Five Forces
- Burkina Faso Mobile Money Industry Life Cycle
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Transaction mode for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Point of Sale (PoS) for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Mobile Apps for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By QR codes for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Nature of Payment for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Person to Person (P2P) for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Person to Business (P2B) for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Business to Person (B2P) for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Business to Business (B2B) for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Money transfers for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Bill Payments for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Airtime Transfer and Top-Ups for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Travel and Ticketing for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Merchandise and Coupons for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Type of Payments for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Remote Payments for the Period 2021-2031
- Historical Data and Forecast of Burkina Faso Mobile Money Market Revenues & Volume By Proximity Payments for the Period 2021-2031
- Burkina Faso Mobile Money Import Export Trade Statistics
- Market Opportunity Assessment By Transaction mode
- Market Opportunity Assessment By Nature of Payment
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Type of Payments
- Burkina Faso Mobile Money Top Companies Market Share
- Burkina Faso Mobile Money Competitive Benchmarking By Technical and Operational Parameters
- Burkina Faso Mobile Money Company Profiles
- Burkina Faso Mobile Money Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Burkina Faso Mobile Money Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Burkina Faso Mobile Money Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Burkina Faso Mobile Money Market Overview |
3.1 Burkina Faso Country Macro Economic Indicators |
3.2 Burkina Faso Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Burkina Faso Mobile Money Market - Industry Life Cycle |
3.4 Burkina Faso Mobile Money Market - Porter's Five Forces |
3.5 Burkina Faso Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Burkina Faso Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Burkina Faso Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Burkina Faso Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Burkina Faso Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of mobile phones and internet penetration in Burkina Faso |
4.2.2 Government initiatives to promote financial inclusion and digital payments |
4.2.3 Growing awareness and acceptance of mobile money services among the population |
4.3 Market Restraints |
4.3.1 Limited access to banking services in rural areas |
4.3.2 Low levels of financial literacy and trust in digital financial services |
4.3.3 Regulatory challenges and compliance issues in the mobile money sector |
5 Burkina Faso Mobile Money Market Trends |
6 Burkina Faso Mobile Money Market Segmentations |
6.1 Burkina Faso Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Burkina Faso Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.3 Burkina Faso Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.4 Burkina Faso Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Burkina Faso Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Burkina Faso Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Burkina Faso Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Burkina Faso Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Burkina Faso Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Burkina Faso Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Burkina Faso Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Burkina Faso Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Burkina Faso Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Burkina Faso Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Burkina Faso Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Burkina Faso Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Burkina Faso Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Burkina Faso Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Burkina Faso Mobile Money Market Import-Export Trade Statistics |
7.1 Burkina Faso Mobile Money Market Export to Major Countries |
7.2 Burkina Faso Mobile Money Market Imports from Major Countries |
8 Burkina Faso Mobile Money Market Key Performance Indicators |
8.1 Number of active mobile money accounts in Burkina Faso |
8.2 Average transaction value per mobile money user |
8.3 Percentage of the population using mobile money services |
8.4 Number of mobile money agents across the country |
9 Burkina Faso Mobile Money Market - Opportunity Assessment |
9.1 Burkina Faso Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Burkina Faso Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Burkina Faso Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Burkina Faso Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Burkina Faso Mobile Money Market - Competitive Landscape |
10.1 Burkina Faso Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Burkina Faso Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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