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Mobile money transaction value in Sub-Saharan Africa from 2019 to 2020 (in billion U.S. dollars)

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Source

Release date

2021

Region

Africa

Survey time period

2019 to 2020

Supplementary notes

According to the source, the value 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 released by the same source.

Citation formats

Mobile money transaction value in Sub-Saharan Africa 2019-2020

Published by ÌÇÐÄÆƽâ°æ Research Department, May 5, 2021
Sub-Saharan Africa is the leading mobile money market in the world. In 2020, the total value of mobile money transactions in the region reached *** billion U.S. dollars. This represented an increment of ** percent compared to the previous year, when the transactions performed in Sub-Saharan Africa had a value of around *** billion U.S. dollars.

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.
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