As of 2020, 50.6 percent of the world’s live mobile money services operated in Sub-Saharan Africa. Moreover, registered and active mobile money accounts followed the same trend, with 45.7 percent and 53 percent of the world’s share, respectively. This can also be seen regarding both transaction value and transaction volume, each with a share of 63.9 percent and 66.12 percent. Compared to 2019, transaction value was the only figure that dropped with a decrease of 2.2 percentage points.
Sub-Saharan Africa mobile money figures as a share of the world in 2019 and 2020
Mobile money is a service through which a customer is able to receive, store, send, and spend money via a mobile phone device. Several entities provide the service, like telecom companies, mobile money operators, payments service providers, banks, etc.
According to the source, both the value and volume are processed via airtime top-ups, cash-ins, cash-outs, bill payments, bulk disbursements, international remittances, P2P transfers, and merchant payments.
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Statista. (March 25, 2021). Sub-Saharan Africa mobile money figures as a share of the world in 2019 and 2020 [Graph]. In Statista. Retrieved August 13, 2022, from https://www.statista.com/statistics/1187244/sub-saharan-africa-mobile-money-share/
Statista. "Sub-Saharan Africa mobile money figures as a share of the world in 2019 and 2020." Chart. March 25, 2021. Statista. Accessed August 13, 2022. https://www.statista.com/statistics/1187244/sub-saharan-africa-mobile-money-share/
Statista. (2021). Sub-Saharan Africa mobile money figures as a share of the world in 2019 and 2020. Statista. Statista Inc.. Accessed: August 13, 2022. https://www.statista.com/statistics/1187244/sub-saharan-africa-mobile-money-share/
Statista. "Sub-saharan Africa Mobile Money Figures as a Share of The World in 2019 and 2020." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1187244/sub-saharan-africa-mobile-money-share/
Statista, Sub-Saharan Africa mobile money figures as a share of the world in 2019 and 2020 Statista, https://www.statista.com/statistics/1187244/sub-saharan-africa-mobile-money-share/ (last visited August 13, 2022)