In 2020, the total volume of mobile money transactions in Central Africa corresponded to 2.2 billion. This represented around five percent of the total transactions worldwide, which amounted to 37.1 billion as of the same year.
Mobile money is a service through which a customer can receive, store, send, and spend money via a mobile phone device. Several entities provide the service, such as, among others, telecom companies, mobile money operators, payments service providers, and banks.
Mobile money transaction volume in Central Africa in 2020
(in billions)
According to the source, the volume is 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 . (May 4, 2021). Mobile money transaction volume in Central Africa in 2020 (in billions) [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/1187505/mobile-money-transaction-volume-in-central-africa/
GSMA . "Mobile money transaction volume in Central Africa in 2020 (in billions)." Chart. May 4, 2021. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/1187505/mobile-money-transaction-volume-in-central-africa/
GSMA . (2021). Mobile money transaction volume in Central Africa in 2020 (in billions). Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/1187505/mobile-money-transaction-volume-in-central-africa/
GSMA . "Mobile Money Transaction Volume in Central Africa in 2020 (in Billions)." Statista, Statista Inc., 4 May 2021, https://www.statista.com/statistics/1187505/mobile-money-transaction-volume-in-central-africa/
GSMA , Mobile money transaction volume in Central Africa in 2020 (in billions) Statista, https://www.statista.com/statistics/1187505/mobile-money-transaction-volume-in-central-africa/ (last visited November 13, 2024)
Mobile money transaction volume in Central Africa in 2020 (in billions) [Graph], GSMA , May 4, 2021. [Online]. Available: https://www.statista.com/statistics/1187505/mobile-money-transaction-volume-in-central-africa/
