A Growing Market in Africa
The mobile payment market is becoming more and more popular worldwide and more specifically in Africa. The continent is currently among the leaders in terms of mobile money development and growth.
Sub-Saharan Africa, specifically, experienced major growth in the number of mobile banking services in the last years, passing from 2 services in 2 countries in 2006, to over 140 services in 39 countries by the end of 2016. Today, Sub-Saharan Africa is home to half of the 277 mobile money services available worldwide. The region now accounts for over half of the 277 mobile money services worldwide and is investing in new developments in the use of mobile money.
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