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# Sub-Saharan Africa’s Mobile Money Landscape
- URL: https://www.techloy.com/sub-saharan-africas-mobile-money-landscape/
- Published: 2020-03-05T00:00:00.000Z
- Updated: 2022-11-17T18:30:55.000Z
- Author: Techloy
- Tags: / Insights, Chartbox, Mobile, Mobile Money

Sub-Saharan Africa accounted for as much as 45.6% of mobile money activity in the world, with a transaction value of $26.8 billion in 2018, a year-on-year growth of 15.3% from 2017, excluding bank-operated solutions, [according to a GSMA report](https://www.gsma.com/r/state-of-the-industry-report/) released last year. 

Globally, transaction values increased from $34.9 billion in 2017 to $40.8 billion in 2018, a year-on-year increase of 16.8%. The report further notes that the industry is now processing over $1.3 billion per day, but while cash-in and cash-out transactions still represent the majority of mobile money flows, digital transactions grew at more than twice the rate driven largely by bill payments and bulk disbursements.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2022/11/1_cbGoqhOV0gkTG7nuVdW1kA.png)

Chart by [Loy Okezie](https://www.techloy.com/author/loy/) / [Techloy.com](https://techloy.com/)