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)
Characteristic
Transaction volume in billions
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
GSMA . (May 4, 2021). Mobile money transaction volume in Sub-Saharan Africa from 2019 to 2020 (in billions) [Graph]. In Statista. Retrieved August 24, 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 August 24, 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: August 24, 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 August 24, 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/