Bangladesh mobile banking market to reach $111.7b by 2025
Saleem Samad of DOT
A Dublin, Ireland based ResearchAndMarkets.com in its Business and Investment Opportunities Report, 2019 said mobile that retail shopping through mobile in Bangladesh is expected to record a CAGR of 28.4 per cent to reach US$ 111,709.9 billion or BDT 931850 crore by 2025.
The mobile wallet payment in retail industry increased at a CAGR of 28.6 per cent during 2018-2025, the report stated.
The report focuses on data centric analysis to help companies understand business and investment opportunities along with risks.
This report provides a comprehensive view on retail shopping through mobile payment/mobile wallet, covering market size and growth dynamics, retail spending, and consumer attitude and behavior in Bangladesh.
This report provides in-depth market opportunity analysis and growth dynamics of mobile payment across retail shopping segments in Bangladesh.
Usually customers in retail spending across 10 categories to provide detailed insights on consumer behavior and changing dynamics of spend through mobile wallet. Retail spend categories tracked include food and grocery, health and beauty, apparel and footwear, books/music/video, consumer electronics, pharmacy and wellness, restaurants and bars, toys, kids and babies, media and entertainment and utility services.
Bangladesh mobile banking payment technology is usually short message service – SMS/USSD, NFC and code based.
Market opportunity and growth dynamics in retail shopping by mobile payment transaction value, is exclusively by financial institutions, companies, retailers and ride sharing transportations offer mobile transaction services.