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The resilience of mobile money in sub-Saharan Africa

Over the last decade, the mobile money industry has grown stronger and stronger, with Sub-Saharan Africa as the main engine behind this growth. In fact, the region continued to grow through the 2020 COVID-19 outbreak, as well as through the regional and national lockdowns that came with it.

By the end of 2020, Sub-Saharan Africa accounted for 64 percent of all mobile money value transacted globally, reaching $490 billion for the year, an increase of 23 percent from the previous year. The region was also home to 53 percent of all monthly active mobile money accounts.

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