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 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.

Chart by Loy Okezie /