| Product Code: ETC5416455 | 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 |
Mobile money services are rapidly growing in Equatorial Guinea, providing financial inclusion for unbanked populations. This market enables users to transfer money, make payments, and access banking services through their mobile devices.
The mobile money market in Equatorial Guinea is booming due to the rising popularity of mobile-based financial services. Mobile money solutions provide a convenient and secure way to transfer money, pay bills, and access financial services. The growing need for financial inclusion, especially in rural areas, and the increasing penetration of mobile phones are major drivers of this market.
The mobile money market in Equatorial Guinea faces challenges such as low financial inclusion rates, limited mobile network coverage, and distrust in digital financial services. Additionally, there are regulatory and legal hurdles that make it difficult for businesses to operate smoothly in the mobile money sector. The lack of digital literacy among users also impedes the widespread adoption of mobile money solutions.
Equatorial Guinea`s government recognizes the importance of mobile money services in improving financial inclusion. Policies are aimed at increasing the adoption of mobile money, with an emphasis on secure transactions and accessibility. The government encourages collaboration between mobile operators and financial institutions to expand the reach of mobile financial services, particularly in underserved areas.
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 Equatorial Guinea Mobile Money Market Overview |
3.1 Equatorial Guinea Country Macro Economic Indicators |
3.2 Equatorial Guinea Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Equatorial Guinea Mobile Money Market - Industry Life Cycle |
3.4 Equatorial Guinea Mobile Money Market - Porter's Five Forces |
3.5 Equatorial Guinea Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Equatorial Guinea Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Equatorial Guinea Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Equatorial Guinea Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Equatorial Guinea Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Equatorial Guinea |
4.2.2 Growth in internet and mobile network coverage |
4.2.3 Government initiatives to promote digital financial services |
4.3 Market Restraints |
4.3.1 Lack of awareness and trust in mobile money services |
4.3.2 Limited access to banking services in rural areas |
4.3.3 Regulatory challenges and compliance issues |
5 Equatorial Guinea Mobile Money Market Trends |
6 Equatorial Guinea Mobile Money Market Segmentations |
6.1 Equatorial Guinea Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Equatorial Guinea Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.3 Equatorial Guinea Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.4 Equatorial Guinea Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Equatorial Guinea Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Equatorial Guinea Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Equatorial Guinea Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Equatorial Guinea Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Equatorial Guinea Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Equatorial Guinea Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Equatorial Guinea Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Equatorial Guinea Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Equatorial Guinea Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Equatorial Guinea Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Equatorial Guinea Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Equatorial Guinea Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Equatorial Guinea Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Equatorial Guinea Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Equatorial Guinea Mobile Money Market Import-Export Trade Statistics |
7.1 Equatorial Guinea Mobile Money Market Export to Major Countries |
7.2 Equatorial Guinea Mobile Money Market Imports from Major Countries |
8 Equatorial Guinea Mobile Money Market Key Performance Indicators |
8.1 Number of active mobile money users |
8.2 Transaction volume through mobile money platforms |
8.3 Adoption rate of mobile money services among unbanked population |
8.4 Average transaction value per user |
8.5 Number of merchants accepting mobile money as a payment method |
9 Equatorial Guinea Mobile Money Market - Opportunity Assessment |
9.1 Equatorial Guinea Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Equatorial Guinea Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Equatorial Guinea Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Equatorial Guinea Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Equatorial Guinea Mobile Money Market - Competitive Landscape |
10.1 Equatorial Guinea Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Equatorial Guinea Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |