| Product Code: ETC5152054 | Publication Date: Nov 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Ethiopia E-wallet Market is witnessing rapid growth driven by the increasing use of mobile payments and digital wallets for secure financial transactions. With the rise of mobile phone penetration and government efforts to promote financial inclusion, the market for e-wallets in Ethiopia is expanding, providing consumers with convenient ways to make payments and manage finances.
The e-wallet market in Ethiopia is growing rapidly, driven by the increasing adoption of mobile payment solutions and digital financial services. With a large portion of the population gaining access to smartphones and mobile networks, e-wallets offer convenient, secure, and cashless payment methods that are becoming essential for both consumers and businesses.
The Ethiopia E-wallet Market faces significant barriers due to limited internet penetration, particularly in rural areas, which restricts the usage of digital payment platforms. Moreover, there is a lack of trust in digital payment solutions, and regulatory issues surrounding mobile money further limit the markets growth potential.
Ethiopias government is working to increase financial inclusion through mobile banking and digital financial services, which will directly support the growth of the e-wallet market. Policies aimed at promoting mobile payments, financial literacy, and the digitalization of financial services will foster the e-wallet market. The governments push to modernize the financial sector, alongside the growing adoption of mobile technology, will drive the adoption of e-wallets in the country.
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 Ethiopia E-wallet Market Overview |
3.1 Ethiopia Country Macro Economic Indicators |
3.2 Ethiopia E-wallet Market Revenues & Volume, 2021 & 2031F |
3.3 Ethiopia E-wallet Market - Industry Life Cycle |
3.4 Ethiopia E-wallet Market - Porter's Five Forces |
3.5 Ethiopia E-wallet Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Ethiopia E-wallet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Ethiopia E-wallet Market Revenues & Volume Share, By Mode, 2021 & 2031F |
4 Ethiopia E-wallet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Ethiopia |
4.2.2 Growing internet connectivity and access to mobile networks |
4.2.3 Government initiatives promoting digital payments and financial inclusion |
4.3 Market Restraints |
4.3.1 Limited financial literacy and awareness about e-wallet services |
4.3.2 Infrastructure challenges in rural areas affecting mobile network coverage |
4.3.3 Concerns regarding data security and privacy |
5 Ethiopia E-wallet Market Trends |
6 Ethiopia E-wallet Market Segmentations |
6.1 Ethiopia E-wallet Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Ethiopia E-wallet Market Revenues & Volume, By Restaurants, 2021-2031F |
6.1.3 Ethiopia E-wallet Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.4 Ethiopia E-wallet Market Revenues & Volume, By Banking, 2021-2031F |
6.1.5 Ethiopia E-wallet Market Revenues & Volume, By Retail, 2021-2031F |
6.2 Ethiopia E-wallet Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Ethiopia E-wallet Market Revenues & Volume, By Closed E Wallets, 2021-2031F |
6.2.3 Ethiopia E-wallet Market Revenues & Volume, By Semi Closed E Wallets, 2021-2031F |
6.2.4 Ethiopia E-wallet Market Revenues & Volume, By Open E Wallets, 2021-2031F |
6.2.6 Ethiopia E-wallet Market Revenues & Volume, By Mode, 2021-2031F |
6.2.7 Ethiopia E-wallet Market Revenues & Volume, By Online, 2021-2031F |
6.3 Ethiopia E-wallet Market, By Mode |
6.3.1 Overview and Analysis |
6.3.2 Ethiopia E-wallet Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Ethiopia E-wallet Market Revenues & Volume, By M Wallet, 2021-2031F |
7 Ethiopia E-wallet Market Import-Export Trade Statistics |
7.1 Ethiopia E-wallet Market Export to Major Countries |
7.2 Ethiopia E-wallet Market Imports from Major Countries |
8 Ethiopia E-wallet Market Key Performance Indicators |
8.1 Number of active e-wallet users |
8.2 Average transaction value per user |
8.3 Percentage of population with access to mobile banking services |
9 Ethiopia E-wallet Market - Opportunity Assessment |
9.1 Ethiopia E-wallet Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Ethiopia E-wallet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Ethiopia E-wallet Market Opportunity Assessment, By Mode, 2021 & 2031F |
10 Ethiopia E-wallet Market - Competitive Landscape |
10.1 Ethiopia E-wallet Market Revenue Share, By Companies, 2024 |
10.2 Ethiopia E-wallet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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