Product Code: ETC5154578 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
With increasing smartphone adoption, the mobile wallet market in Equatorial Guinea is expanding. These digital wallets enable users to make secure and convenient payments, promoting financial inclusion and transforming the payments landscape in the country.
The mobile wallet market in Equatorial Guinea is driven by the rising adoption of mobile payment solutions and the growing need for cashless transactions. Mobile wallets enable users to store and access payment information, loyalty cards, and digital currencies on their smartphones. The increasing number of mobile phone users, the convenience of mobile payments, and government initiatives promoting financial inclusion are significantly contributing to the growth of this market.
The mobile wallet market in Equatorial Guinea is constrained by limited financial inclusion and low adoption of mobile payment systems, especially in rural areas. The absence of a fully integrated digital payment infrastructure and trust issues with mobile financial services discourage consumers and businesses from adopting mobile wallets. Moreover, the lack of robust legal and regulatory frameworks surrounding mobile payments poses risks for market participants.
Equatorial Guineas government supports the growth of mobile wallet services, recognizing their potential to enhance financial inclusion. Policies are being implemented to promote mobile payments and e-wallet services, particularly in rural and underserved areas, where traditional banking infrastructure is limited. The government is also focused on strengthening regulations around mobile wallet security and consumer protection to ensure safe 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 Equatorial Guinea Mobile Wallet Market Overview |
3.1 Equatorial Guinea Country Macro Economic Indicators |
3.2 Equatorial Guinea Mobile Wallet Market Revenues & Volume, 2021 & 2031F |
3.3 Equatorial Guinea Mobile Wallet Market - Industry Life Cycle |
3.4 Equatorial Guinea Mobile Wallet Market - Porter's Five Forces |
3.5 Equatorial Guinea Mobile Wallet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Equatorial Guinea Mobile Wallet Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Equatorial Guinea Mobile Wallet Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Equatorial Guinea Mobile Wallet Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Equatorial Guinea Mobile Wallet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Equatorial Guinea Mobile Wallet Market Trends |
6 Equatorial Guinea Mobile Wallet Market Segmentations |
6.1 Equatorial Guinea Mobile Wallet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Proximity, 2021-2031F |
6.1.3 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Remote, 2021-2031F |
6.2 Equatorial Guinea Mobile Wallet Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Near Field Communication, 2021-2031F |
6.2.3 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Qr Code, 2021-2031F |
6.2.4 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Text Based/short Message Service, 2021-2031F |
6.2.5 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Digital Only, 2021-2031F |
6.3 Equatorial Guinea Mobile Wallet Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Hospitality & Transportation, 2021-2031F |
6.3.3 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.3.4 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Retail, 2021-2031F |
6.3.5 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.6 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
6.3.7 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.4 Equatorial Guinea Mobile Wallet Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Personal, 2021-2031F |
6.4.3 Equatorial Guinea Mobile Wallet Market Revenues & Volume, By Business, 2021-2031F |
7 Equatorial Guinea Mobile Wallet Market Import-Export Trade Statistics |
7.1 Equatorial Guinea Mobile Wallet Market Export to Major Countries |
7.2 Equatorial Guinea Mobile Wallet Market Imports from Major Countries |
8 Equatorial Guinea Mobile Wallet Market Key Performance Indicators |
9 Equatorial Guinea Mobile Wallet Market - Opportunity Assessment |
9.1 Equatorial Guinea Mobile Wallet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Equatorial Guinea Mobile Wallet Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Equatorial Guinea Mobile Wallet Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Equatorial Guinea Mobile Wallet Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Equatorial Guinea Mobile Wallet Market - Competitive Landscape |
10.1 Equatorial Guinea Mobile Wallet Market Revenue Share, By Companies, 2024 |
10.2 Equatorial Guinea Mobile Wallet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |