Sub-Saharan Africa’s transaction value of $26.8 billion in 2018 accounted for 45.6% of mobile money activity globally

Techloy
Techloy
Mar 5, 2020 · 1 min read

Sub-Saharan Africa accounted for as much as 45.6% of mobile money activity in the world, with a transaction value of $26.8 billion in 2018, a year-on-year growth of 15.3% from 2017, excluding bank-operated solutions, according to a GSMA report released last year. Globally, transaction values increased from $34.9 billion in 2017 to $40.8 billion in 2018, a year-on-year increase of 16.8%. The report further notes that the industry is now processing over $1.3 billion per day, but while cash-in and cash-out transactions still represent the majority of mobile money flows, digital transactions grew at more than twice the rate driven largely by bill payments and bulk disbursements. In this Techloy Chart, we take a look at Sub-Saharan Africa’s mobile money industry value.

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Techloy | Data-driven insights into tech and business in Africa

Techloy is a digital publication covering news and data…

Techloy | Data-driven insights into tech and business in Africa

Techloy is a digital publication covering news and data about business, finance and technology, using infographics and charts to help people and brands make better decisions.

Techloy

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Techloy

Covering news and insights into technology and business in Africa. Get in touch: techloy.com@gmail.com | +2348022000969

Techloy | Data-driven insights into tech and business in Africa

Techloy is a digital publication covering news and data about business, finance and technology, using infographics and charts to help people and brands make better decisions.

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