| Product Code: ETC4380643 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In Kuwait, the Mobile Money market is growing due to the increasing use of mobile devices for financial transactions. Mobile money solutions enable users to perform banking, payments, and money transfers via mobile devices. The market is driven by the demand for convenient and secure financial services, the growth of digital banking, and advancements in mobile payment technologies.
Kuwait mobile money market is propelled by the digital transformation of financial services and the popularity of mobile payment solutions among consumers and businesses. Mobile money platforms enable users to perform transactions such as money transfers, bill payments, and purchases using their smartphones or feature phones, offering convenience, accessibility, and financial inclusion. With the rise of digital wallets, peer-to-peer payments, and mobile banking applications, the demand for mobile money services is increasing in Kuwait, driving innovation and competition in the financial technology sector.
Challenges in the Kuwait mobile money market include building trust and adoption among consumers and merchants for mobile payment solutions. Additionally, addressing regulatory requirements and security concerns to prevent fraud and unauthorized transactions is essential for the success of mobile money initiatives.
The government promotes financial inclusion through mobile money services, enabling convenient and secure access to banking and payment solutions for all segments of society.
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 Kuwait Mobile Money Market Overview |
3.1 Kuwait Country Macro Economic Indicators |
3.2 Kuwait Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Kuwait Mobile Money Market - Industry Life Cycle |
3.4 Kuwait Mobile Money Market - Porter's Five Forces |
3.5 Kuwait Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Kuwait Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Kuwait Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Kuwait Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Kuwait Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Kuwait |
4.2.2 Government initiatives promoting digital payments and financial inclusion |
4.2.3 Growing adoption of mobile banking services by consumers |
4.3 Market Restraints |
4.3.1 Security and privacy concerns among consumers |
4.3.2 Limited merchant acceptance of mobile money payments in Kuwait |
5 Kuwait Mobile Money Market Trends |
6 Kuwait Mobile Money Market, By Types |
6.1 Kuwait Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Kuwait Mobile Money Market Revenues & Volume, By Transaction mode, 2021-2031F |
6.1.3 Kuwait Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.4 Kuwait Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.5 Kuwait Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Kuwait Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Kuwait Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Kuwait Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Kuwait Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Kuwait Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Kuwait Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Kuwait Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Kuwait Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Kuwait Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Kuwait Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Kuwait Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Kuwait Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Kuwait Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Kuwait Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Kuwait Mobile Money Market Import-Export Trade Statistics |
7.1 Kuwait Mobile Money Market Export to Major Countries |
7.2 Kuwait Mobile Money Market Imports from Major Countries |
8 Kuwait Mobile Money Market Key Performance Indicators |
8.1 Average transaction value per user |
8.2 Number of active mobile money users |
8.3 Growth rate of mobile money transactions volume |
9 Kuwait Mobile Money Market - Opportunity Assessment |
9.1 Kuwait Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Kuwait Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Kuwait Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Kuwait Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Kuwait Mobile Money Market - Competitive Landscape |
10.1 Kuwait Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Kuwait Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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