Sub-Saharan Africa is the leading mobile money market in the world. In 2020, the total value of mobile money transactions in the region reached 490 billion U.S. dollars. This represented an increment of 23 percent compared to the previous year, when the transactions performed in Sub-Saharan Africa had a value of around 456 billion U.S. dollars.
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 value in Sub-Saharan Africa from 2019 to 2020
(in billion U.S. dollars)
According to the source, the value is processed via airtime top-ups, cash-ins, cash-outs, bill payments, bulk disbursements, international remittances, P2P transfers, and merchant payments.
Data have been retrieved from several publications released by the same source.
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GSMA . (May 4, 2021). Mobile money transaction value in Sub-Saharan Africa from 2019 to 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 12, 2024, from https://www.statista.com/statistics/1233536/mobile-money-transaction-value-in-sub-saharan-africa/
GSMA . "Mobile money transaction value in Sub-Saharan Africa from 2019 to 2020 (in billion U.S. dollars)." Chart. May 4, 2021. Statista. Accessed November 12, 2024. https://www.statista.com/statistics/1233536/mobile-money-transaction-value-in-sub-saharan-africa/
GSMA . (2021). Mobile money transaction value in Sub-Saharan Africa from 2019 to 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 12, 2024. https://www.statista.com/statistics/1233536/mobile-money-transaction-value-in-sub-saharan-africa/
GSMA . "Mobile Money Transaction Value in Sub-saharan Africa from 2019 to 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 May 2021, https://www.statista.com/statistics/1233536/mobile-money-transaction-value-in-sub-saharan-africa/
GSMA , Mobile money transaction value in Sub-Saharan Africa from 2019 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1233536/mobile-money-transaction-value-in-sub-saharan-africa/ (last visited November 12, 2024)
Mobile money transaction value in Sub-Saharan Africa from 2019 to 2020 (in billion U.S. dollars) [Graph], GSMA , May 4, 2021. [Online]. Available: https://www.statista.com/statistics/1233536/mobile-money-transaction-value-in-sub-saharan-africa/
