African Users Account for 70% of World’s 1 Trillion Dollar Mobile Money Transaction Values

Africa now accounts for 70% of the world’s 1 trillion dollar US dollars mobile money value. The value of Africa’s mobile money transactions edged up 39 per cent to 701.4 billion US dollars in 2021 –– its closest to the trillion-dollar mark –– up from 495 billion US dollars in 2020, highlighting the future of African banking is mobile.