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Sub-Saharan Africa accounted for half of global mobile money deployments in 2016

Friday 21 July 2017 | 15:37 CET | Author: Marion ter Welle | Background
The GSMA recently published its 2016 State of Mobile Money in Sub-Saharan Africa. The report shows that while in 2006 28 percent of all global mobile money deployments were in Sub-Saharan Africa, by 2016 this had risen to just over 50 percent. There are now 140 active schemes in 39 countries, with a total registered user base of 277 million people, of which 100 million use their account at least once every three months. After the initial period of settling itself, mobile money is now so important in Sub-Saharan Africa, where there are more mobile money accounts than traditional bank

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Categories: Mobile & Wireless
Countries: Africa
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