| Product Code: ETC5416466 | 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 Mobile Money Market in Guyana is witnessing significant growth due to the increasing penetration of smartphones and the need for convenient financial transactions. Mobile money platforms offer digital wallets and payment solutions, enabling users to perform transactions, pay bills, and access banking services without the need for traditional bank accounts.
The mobile money market in Guyana benefits from the unbanked population`s reliance on mobile financial solutions. Increasing smartphone penetration and government support for financial inclusion initiatives also bolster market expansion.
The mobile money market in Guyana is hindered by limited financial literacy and a lack of trust in digital financial services. The high cost of implementing and maintaining mobile money platforms also discourages adoption by service providers. Additionally, the relatively small user base and limited merchant acceptance of mobile money services constrain the market`s growth potential.
The government of Guyana is committed to expanding financial inclusion through the mobile money market. Policies focus on encouraging the adoption of mobile money services, particularly in rural and underserved areas. The government works to create a regulatory framework that ensures the security and reliability of mobile money transactions while fostering competition and innovation in the sector. Financial incentives are also provided for businesses involved in the development of mobile money platforms, promoting greater access to financial services for individuals and small businesses.
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 Guyana Mobile Money Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Mobile Money Market - Industry Life Cycle |
3.4 Guyana Mobile Money Market - Porter's Five Forces |
3.5 Guyana Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Guyana Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Guyana Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Guyana Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Guyana Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Guyana |
4.2.2 Government initiatives to promote financial inclusion through mobile money |
4.2.3 Growing adoption of digital payment solutions in the country |
4.3 Market Restraints |
4.3.1 Limited internet connectivity in certain regions of Guyana |
4.3.2 Lack of awareness and trust in mobile money services |
4.3.3 Regulatory challenges and compliance requirements impacting market growth |
5 Guyana Mobile Money Market Trends |
6 Guyana Mobile Money Market Segmentations |
6.1 Guyana Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Guyana Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.3 Guyana Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.4 Guyana Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Guyana Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Guyana Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Guyana Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Guyana Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Guyana Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Guyana Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Guyana Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Guyana Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Guyana Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Guyana Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Guyana Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Guyana Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Guyana Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Guyana Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Guyana Mobile Money Market Import-Export Trade Statistics |
7.1 Guyana Mobile Money Market Export to Major Countries |
7.2 Guyana Mobile Money Market Imports from Major Countries |
8 Guyana Mobile Money Market Key Performance Indicators |
8.1 Average transaction value per user |
8.2 Number of active mobile money users |
8.3 Frequency of mobile money transactions |
8.4 Average revenue per user (ARPU) |
8.5 Rate of new customer acquisition |
9 Guyana Mobile Money Market - Opportunity Assessment |
9.1 Guyana Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Guyana Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Guyana Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Guyana Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Guyana Mobile Money Market - Competitive Landscape |
10.1 Guyana Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Guyana Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |