European Mobile Financial Services Market Demonstrates Growth with Advances in Mobile Penetration and E-Commerce

Published on : Oct 10, 2018

Albany, New York, October 10, 2018: Europe has witnessed substantial spike in device technology and security requisites encompassing mobile payments. Widespread advances in mobile wallet, m-commerce, and mobile banking have attained reasonable breakthroughs thus leveraging growth in mobile financial services market in Europe. A new research report titled, 'Mobile Financial Services Market Opportunities for Telcos in Europe' included in the database of Market Research Hub (MRH) sheds light on new market development and their reciprocal implications on the growth of mobile financial services market in Europe.

Strategic Mergers and Acquisitions Remain a Staple amongst Leading Manufacturers

To tap new growth opportunities in the fast maturing mobile financial services market in Europe, leading telecom giants in Europe are integrating resources to offer superlative services in mobile banking, banking-as-a-service, and establishment of flagship banking institutions. Additionally, leading players are also relying on strategic mergers and acquisitions to achieve sustainable growth in mobile financial services market in Europe, offsetting stiff competition from financial enterprises.

Orange Expands its Mobile Financial Services in Europe with its Flagship Mobile Bank in France

To elevate its position in mobile financial services market in Europe, leading industry veteran Orange has recently launched its flagship mobile based banking service in France that accelerates user experience with the aid of improved mobile payment and virtual financial advisor. Positioned as a 24*7 service, this development is expected to position Orange in the competition spectrum, diversify offerings and expand client base of mobile financial services in Europe. With this development in place Orange is estimated to scale new growth heights in mobile financial services market in Europe.

MTS Russia Invests in Contactless Payments to Scale Growth in Mobile Financial Services Market in Europe

In the light of advanced mobile financial services in Europe, leading player MTS has affirmed its plans to drive substantial investments in fintech expansion as well as digital services to tap opportunities in the fast growing mobile financial services market in Europe. Striving for market penetration MTS Russia has also introduced Money Wallet app that enables contactless payments by users. With these new development instances at the fore, MTS aspires to occupy a leading position in mobile financial services market in Europe.

Comprehensive research elements included in the report allow readers to draw veritable insights on various market segments and factors propelling growth in mobile financial service market in Europe. Besides offering a detailed market definition as well as market dynamics this section of the report etches crucial highlights on significant market segments and their role in bolstering market growth. The report also identifies the segment associated with urged revenue streams in mobile financial services market in Europe. In addition to aforementioned segments this section of the report highlights core winning strategies administered by leading players and their impact on market growth as well as end-user response.

Competition Dashboard: Mobile Financial Services Market Europe

Thorough research elements housed in the report allow readers to evaluate the efficacy of business tactics and tools in fuelling market growth besides luring favorable end-user response in terms of their buying preferences and eventual buying behavior. New and existing market players can engage in thorough analytical review of these strategies to attain core inferences, key for lucrative business decisions. Some of the core players identified in mobile financial services market in Europe comprise, Orange France and MTS Russia.

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