Sub-Saharan Africa leads the world in regard to mobile money transactions, both in volume as well as in value of transactions. As of 2022, the mobile money transaction value in the region amounted to 832 billion U.S. dollars, while the volume stood at 45 billion. Moreover, both the value and the volume of transactions in Sub-Saharan Africa accounted for close to 66.03 percent and 69.23 percent of the world’s amounts, respectively.
Value and volume of mobile money transactions in Sub-Saharan Africa compared to the world in 2022
(in billions)
Mobile money is a service through which a customer is able to receive, store, send, and spend money via a mobile phone device. Several entities provide the service, like telecom companies, mobile money operators, payments service providers, banks, etc.
According to the source, both the value and volume are processed via airtime top-ups, cash-ins, cash-outs, bill payments, bulk disbursements, international remittances, P2P transfers, and merchant payments.
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GSMA . (April 18, 2023). Value and volume of mobile money transactions in Sub-Saharan Africa compared to the world in 2022 (in billions) [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1187149/mobile-money-transactions-in-sub-saharan-africa/
GSMA . "Value and volume of mobile money transactions in Sub-Saharan Africa compared to the world in 2022 (in billions)." Chart. April 18, 2023. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1187149/mobile-money-transactions-in-sub-saharan-africa/
GSMA . (2023). Value and volume of mobile money transactions in Sub-Saharan Africa compared to the world in 2022 (in billions). Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1187149/mobile-money-transactions-in-sub-saharan-africa/
GSMA . "Value and Volume of Mobile Money Transactions in Sub-saharan Africa Compared to The World in 2022 (in Billions)." Statista, Statista Inc., 18 Apr 2023, https://www.statista.com/statistics/1187149/mobile-money-transactions-in-sub-saharan-africa/
GSMA , Value and volume of mobile money transactions in Sub-Saharan Africa compared to the world in 2022 (in billions) Statista, https://www.statista.com/statistics/1187149/mobile-money-transactions-in-sub-saharan-africa/ (last visited November 17, 2024)
Value and volume of mobile money transactions in Sub-Saharan Africa compared to the world in 2022 (in billions) [Graph], GSMA , April 18, 2023. [Online]. Available: https://www.statista.com/statistics/1187149/mobile-money-transactions-in-sub-saharan-africa/
