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Number of customers of selected financial services in Africa in the financial year 2018/2019 (in millions)

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Source

Release date

March 2019

Region

Africa

Survey time period

April 2018 to March 2019

Supplementary notes

Financial reporting closes by the end of March each year.

Citation formats

Customers of selected financial services in Africa 2018-2020

Published by
Yihan Ma,
Dec 8, 2020
M-Pesa in Africa has more customers than the main African bank. In the financial year 2018/2019, M-Pesa counted ** million customers, while the main African bank had ** million customers. As of 2020, M-Pesa operates in countries across Africa. Mobile money allows a customer to receive, store, and spend money using a mobile phone. The service can be provided by banks, mobile money operators (MNOs), telecom companies, payment service providers, or similar.
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