In 2020, mobile money operations in West Africa accumulated a value of 178 billion U.S. dollars. This represents an increase of 46 percent from the previous year, when 130 billion U.S. dollars was registered. Overall, compared to other regions of the world, sub-Saharan Africa recorded the highest mobile money transaction value in 2019.
Value of mobile money transactions in West Africa in 2019 and 2020
(in billion U.S. dollars)
The source mentions that the volume and value of mobile money transactions are processed through the following products: airtime top-ups, bill payments, bulk disbursements, cash-ins, cash-outs, international remittances, merchant payments and P2P transfers.
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GSMA . (April 13, 2021). Value of mobile money transactions in West Africa in 2019 and 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 25, 2025, from https://www.statista.com/statistics/1187083/mobile-money-transaction-value-in-west-africa/?__sso_cookie_checker=failed
GSMA . "Value of mobile money transactions in West Africa in 2019 and 2020 (in billion U.S. dollars)." Chart. April 13, 2021. Statista. Accessed January 25, 2025. https://www.statista.com/statistics/1187083/mobile-money-transaction-value-in-west-africa/?__sso_cookie_checker=failed
GSMA . (2021). Value of mobile money transactions in West Africa in 2019 and 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 25, 2025. https://www.statista.com/statistics/1187083/mobile-money-transaction-value-in-west-africa/?__sso_cookie_checker=failed
GSMA . "Value of Mobile Money Transactions in West Africa in 2019 and 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Apr 2021, https://www.statista.com/statistics/1187083/mobile-money-transaction-value-in-west-africa/?__sso_cookie_checker=failed
GSMA , Value of mobile money transactions in West Africa in 2019 and 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1187083/mobile-money-transaction-value-in-west-africa/?__sso_cookie_checker=failed (last visited January 25, 2025)
Value of mobile money transactions in West Africa in 2019 and 2020 (in billion U.S. dollars) [Graph], GSMA , April 13, 2021. [Online]. Available: https://www.statista.com/statistics/1187083/mobile-money-transaction-value-in-west-africa/?__sso_cookie_checker=failed
