As of 2020, the volume of mobile money operations in West Africa reached 6.4 billion, up from 4.8 billion the previous year. This represented a rise by 29 percent, following a visible upward trend since 2016. Moreover, the 2020 volume accumulated a total transaction value of 178 billion U.S. dollars. Overall, compared to other regions of the world, sub-Saharan Africa recorded the highest mobile money transaction value and volume in 2019.
Volume of mobile money transactions in West Africa from 2016 to 2020
(in millions)
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.
Figures have been rounded.
Data were obtained from different publications by the same source.
Figures for 2018 were not provided by the source.
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GSMA . (April 13, 2021). Volume of mobile money transactions in West Africa from 2016 to 2020 (in millions) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1228318/mobile-money-transaction-volume-in-west-africa/
GSMA . "Volume of mobile money transactions in West Africa from 2016 to 2020 (in millions)." Chart. April 13, 2021. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1228318/mobile-money-transaction-volume-in-west-africa/
GSMA . (2021). Volume of mobile money transactions in West Africa from 2016 to 2020 (in millions). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1228318/mobile-money-transaction-volume-in-west-africa/
GSMA . "Volume of Mobile Money Transactions in West Africa from 2016 to 2020 (in Millions)." Statista, Statista Inc., 13 Apr 2021, https://www.statista.com/statistics/1228318/mobile-money-transaction-volume-in-west-africa/
GSMA , Volume of mobile money transactions in West Africa from 2016 to 2020 (in millions) Statista, https://www.statista.com/statistics/1228318/mobile-money-transaction-volume-in-west-africa/ (last visited November 05, 2024)
Volume of mobile money transactions in West Africa from 2016 to 2020 (in millions) [Graph], GSMA , April 13, 2021. [Online]. Available: https://www.statista.com/statistics/1228318/mobile-money-transaction-volume-in-west-africa/
