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Rwandan mobile payment volumes rise 206% in 2020, transactions up 85%

Wednesday 24 February 2021 | 11:16 CET | News
In 2020, the value of Rwandan mobile payment volumes increased by 206 percent to RWF 7.18 billion from RWF 2.35 billion in 2019, New Times reported, citing statistics from the central bank. Mobile payment transactions increased by 85 percent from 378.8 million transactions in 2019 to 701 million transactions. In 2020, mobile points of sale (POS) increased significantly to 39,743, excluding the acceptance points provided by motorcycle taxi riders, from 13,675 in 2019 with transaction values up by 1,514 percent from RWF  52 billion to RWF 846 billion.

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Categories: Mobile & Wireless
Companies: MTN Rwanda
Countries: Rwanda
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