Value of mobile money transactions in West Africa 2019-2020

Published by
Doris Dokua Sasu,
Dec 12, 2022
In 2020, mobile money operations in West Africa accumulated a value of 178 billion U.S. dollars. This represents an increase of 46 percent from the previous year, when 130 billion U.S. dollars was registered. Overall, compared to other regions of the world, sub-Saharan Africa recorded the highest mobile money transaction value in 2019.

Value of mobile money transactions in West Africa in 2019 and 2020 (in billion U.S. dollars)

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Release date

2021

Region

Africa

Survey time period

2019 to 2020

Supplementary notes

The source mentions that the volume and value of mobile money transactions are processed through the following products: airtime top-ups, bill payments, bulk disbursements, cash-ins, cash-outs, international remittances, merchant payments and P2P transfers.

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