In 2020, the total volume of mobile money transactions in Sub-Saharan Africa exceeded 27 billion. This represented an increment of around 15 percent compared to the previous year, when transactions in the region amounted to nearly 24 billion.
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 Sub-Saharan Africa from 2019 to 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.
Data have been retrieved from several publications by the same source.
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GSMA . (May 4, 2021). Mobile money transaction volume in Sub-Saharan Africa from 2019 to 2020 (in billions) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1233629/mobile-money-transaction-volume-in-sub-saharan-africa/
GSMA . "Mobile money transaction volume in Sub-Saharan Africa from 2019 to 2020 (in billions)." Chart. May 4, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1233629/mobile-money-transaction-volume-in-sub-saharan-africa/
GSMA . (2021). Mobile money transaction volume in Sub-Saharan Africa from 2019 to 2020 (in billions). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1233629/mobile-money-transaction-volume-in-sub-saharan-africa/
GSMA . "Mobile Money Transaction Volume in Sub-saharan Africa from 2019 to 2020 (in Billions)." Statista, Statista Inc., 4 May 2021, https://www.statista.com/statistics/1233629/mobile-money-transaction-volume-in-sub-saharan-africa/
GSMA , Mobile money transaction volume in Sub-Saharan Africa from 2019 to 2020 (in billions) Statista, https://www.statista.com/statistics/1233629/mobile-money-transaction-volume-in-sub-saharan-africa/ (last visited December 22, 2024)
Mobile money transaction volume in Sub-Saharan Africa from 2019 to 2020 (in billions) [Graph], GSMA , May 4, 2021. [Online]. Available: https://www.statista.com/statistics/1233629/mobile-money-transaction-volume-in-sub-saharan-africa/
