Global Mobile Banking Market Threats, Analysis, Key Players, Growth, and Forecast 2026

Asia Pacific mobile banking market to grow the fastest in the next five years.

Mobile banking is a system developed by financial institutions that allows customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet. Moreover, mobile banking provides access to financial information of the user, investments, support, and content services, covering personal as well as the business sectors. Mobile banking is available for the user 24 hours a day, but some financial institutions have restrictions on which accounts may be accessed through mobile banking, as well as a limit on the amount that can be transacted.

Increasing number of smartphone users, mobile banking subscribers are also expected to increase in millions is a key driver driving growth of the global digital devices technologies market and technological advancement in the field of banking sector and its security is major factor contributing to the growth of global mobile banking. In, addition mobile banking saves the time, if individuals have internet access to their handset any transaction can be processed in very less time so that it results saves the man power.

However, security issues pertaining to the use of mobile banking is a key factor restraining growth of the global mobile banking market. In addition, lack of proper connectivity, and unavailability of proper network infrastructure are major factors affecting growth of the global mobile banking market.

The global mobile banking market has been segmented on the basis of type, application, and region. On the basis of type, the global mobile banking market is segmented into, IOS, Android, and Others. On the basis of application into, Individual, Enterprise, and Others. On the basis of region, into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The Asia Pacific market is estimated to register comparatively faster revenue growth over the forecast period because of increasing number of mobile banking subscribers in developing countries such as India, and China. The market in North America, and Europe hold a dominant share in the global mobile banking market in terms of revenue. This is attributed to the banks in the regions increasing their focus on extended functionalities such as mobile remote check deposit, photo bill pays, and person-to-person transfer.

Global Mobile Banking Market: Segmentation

Global mobile banking market segmentation by type: 

 	
IOS
 	
Android
 	
Other

 

 

Global mobile banking market segmentation by application:

 	
Individual
 	
Enterprise
 	
Other

Global mobile banking market segmentation by region:

 	
North America
 	
Europe
 	
Asia Pacific
 	
Latin America
 	
Middle East & Africa

Key players profiled in global mobile banking market includes: 

 	
Aepona
 	
ABSA
 	
Comviva
 	
C-SAM
 	
Don River
 	
LUUP
 	
Google
 	
Obopay
 	
Sybase
 	
eSery Global Ltd.

Report Structure:

In the first section of the report we offer a table of content, followed by a list of figures. The next section offers a definition and brief explanation of the various products and segmentation of the target market, along with a list of acronyms and sources used to gather and analyze data and information.

The third section of the report entails a brief list of drivers, restraints, opportunities, and threats (DROTs) in the target market. The report also offers insights on various trends in regions, countries, and markets as per segmentation, as well as insights and crucial information obtained from various sources including primary and secondary, annual reports, the Internet and others.

The final section comprises detailed profiles of key players in the target market and a SWOT analysis of each company, apart from strategies, acquisitions and mergers.

Objective of Report:

Sections of the report are created and designed specifically to offer readers a clear, clean, and insights into historical, estimated, and revenue (US$ Mn/Bn) estimation and projection, Compounded Annual Growth Rate (CAGR %), and volume in measure as applicable to the target product/market. We offer illustrations, charts, tables, and figures to support our findings and analysis, in addition to key finding for markets in regions and countries.

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