Bringing New Digital Life to Mobile Money

Driven by smartphone popularity and new technologies (i.e., AI, IoT, Big Data, etc.), mobile financial services (MFS) are expanding beyond basic eWallet to encompass ecosystem payments and microfinance. The market size will reach $60 billion by 2025.
Mobile Financial Services are expanding much faster in recent years. According to GSMA data, the industry took 10 years (from 2006-2016) to reach 100 million active users, however, in the recent 5 years, it has reached 346 million active users. Ther