Mobile money transactions in Africa hit $836.5bn
The East Africa region recorded transaction value of $491.8 billion, West Africa $277 billion, Central Africa $57.6 billion, Southern Africa $5.3 billion and North Africa $4.7 billion.
Amindeh Blaise Atabong
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5:20
Mobile money growth ‘hugely evident’ in Sub-Saharan Africa
Overall 2021 mobile money figures for Africa included 173 live services, 621 million registered accounts, 184 million active accounts, US$36.7-billion in transaction volume and US$701.4-billon in transaction value.
3:20
GSMA launches mobile money interoperability test platform
Organisation states that in Africa over 50.7 million new registered mobile money accounts were opened in 2019-20 alone.