Mobile money in Sub-Saharan Africa as a share of the world 2019

Published by Saifaddin Galal, Dec 7, 2020
As of 2019, 49.6 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 45.1 percent and 48.7 percent of the world’s share, respectively. This can also be seen regarding both transaction value and transaction volume, each with a share of 64.2 percent and 66.1 percent.

Sub-Saharan Africa mobile money figures as a share of the world in 2019

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Source

Release date

March 2020

Region

Africa

Survey time period

2019

Supplementary notes

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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