Sub-Saharan Africa Constitutes >64% Of Total Global Mobile Money
30 May 2023•
%2Fuploads%2Ffintech-africa%2Finfobytes%2F07.jpg&w=3840&q=75)
Half of all registered and active mobile money accounts in the world are based in Africa. In 2020, more than 27 billion transactions and US $490 billion was processed in Sub-Saharan Africa. The World Bank argues that mobile money can help to reduce poverty by increasing access to financial services and reducing transaction costs for low-income households. They also argue that mobile money has the potential to facilitate financial inclusion particularly for women, who often face barriers to accessing formal financial services.
Author
.jpg&w=3840&q=75)
We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
%2Fuploads%2Ffintech-africa%2Fcover13.jpg&w=3840&q=75)
Register for our free weekly newsletter
Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems