Half of the world’s mobile money services are in Africa ...Middle East

Quartz - Economy

Africa continues to be the global leader in mobile money services, a position boosted by the Covid-19 pandemic, which forced people to turn to digital services as a safer transaction method than using cash.The continent, particularly the sub-Saharan Africa region, has been at the forefront of mobile money for years. Last year it accounted for much of the industry’s growth in the number of users, according to the latest report by GSMA, an organization representing the interests of mobile network operators worldwide.GSMA defines a mobile money service as one that is accessible to people who do not have formal bank accounts. As such, it does not include in its accounting any mobile banking or p

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Last updated : 30 March 2021 clock 05:16 PM

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Half of the world’s mobile money services are in Africa ...Middle East

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