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Wireless

Tanzanian mobile money market worth USD 46 bln in 2018

Tuesday 3 September 2019 | 10:05 CET | News
The Tanzanian mobile money market reached a transaction value of USD 45.5 billion in 2018, according to a survey by ResearchAndMarkets.com. The study found that easy and safe electronic payments make mobile money a popular alternative to brick-and-mortar banks. The market has been driven by the ubiquity of mobile phones among people from all socio-economic backgrounds, with extensive network coverage and internet penetration.

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Categories: Mobile & Wireless
Countries: Tanzania, United Republic of
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