In the span of just two decades, mobile money offerings have transformed from a simple money transfer mechanism into a comprehensive financial ecosystem serving billions of under-served people worldwide. What began as an experiment in leveraging mobile phones for basic transactions has evolved into sophisticated financial super-apps that rival traditional banking infrastructure. This transformation represents a fintech innovation, and a fundamental re-imagining of how financial services can reach those left behind by conventional banking systems. Mobile Money Market Development According to the Juniper Research latest market study, more than 1.6 billion adults globally remained without access to a bank account in 2025. The distribution of this un-banked population reveals stark regional disparities: Africa and the Middle East account for 691 million un-banked adults, while the Indian Subcontinent contributes 497 million. In regions like Africa and the Middle East, over half of the adul...
TMT Market Research and Analysis