Sub-Saharan Africa mobile money

The State of Mobile Money in Sub-Saharan Africa

Sub-Saharan Africa has played host to almost half of all mobile money deployments worldwide, as well as almost half of all countries where mobile money is available. Earlier this year GSMA published the decade edition of the State of the Industry Report on Mobile Money and a two-part blog series specifically focuses on Sub-Saharan Africa.

The tools demonstrate how consumers in the region are increasing use of mobile money and the financial inclusion that has come of it.

Here is a brief view of the findings. More than 40% of the adult population is using mobile money on an active basis in seven Sub-Saharan African countries. Regionally, mobile money adoption is being driven by growth in West Africa. As revenue continues to rise, agent commission distribution allows for greater employment and income generation for SMEs.