{"id":400694,"date":"2017-07-13T11:26:43","date_gmt":"2017-07-13T11:26:43","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/07\/13\/sub-saharan-africa-driving-global-market-for-mobile-money-gsma-report\/"},"modified":"2017-07-13T11:26:43","modified_gmt":"2017-07-13T11:26:43","slug":"sub-saharan-africa-driving-global-market-for-mobile-money-gsma-report","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/07\/13\/sub-saharan-africa-driving-global-market-for-mobile-money-gsma-report\/","title":{"rendered":"Sub-Saharan Africa driving global market for mobile money \u2013 GSMA report"},"content":{"rendered":"

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Sub-Saharan Africa accounts for more than half of all mobile money deployments worldwide and is pioneering a range of new mobile money use cases, according to new GSMA data.<\/p>\n

The latest \u2018State of Mobile Money in Sub-Saharan Africa\u2019 presentation, made available by the GSMA in Tanzania this week, reveals that the number of live mobile money schemes in the region had reached 140 across 39 countries at the end of last year, accounting for more than half of the 277 mobile money deployments worldwide.<\/p>\n

The new study points to a decade of growth in mobile money services in the region following the launch of M-Pesa in Kenya in 2007.<\/p>\n

It notes that there are now seven markets in the region where more than 40 per cent of adults are active mobile money users: Gabon, Ghana, Kenya, Namibia, Tanzania, Uganda and Zimbabwe.<\/p>\n

The Director General of the GSMA, , \u201cMobile money is now achieving mass-market adoption in all corners of Sub-Saharan Africa, enabling millions of people to access financial services for the first time and contributing to economic growth and social development.\u201d<\/p>\n

Mats Granryd said, \u201cMobile operators in the region today are using mobile money to create new financial ecosystems that can deliver a range of innovative new services across multiple industry sectors, including utilities and agriculture.\u201d<\/p>\n

The latest data highlights how the mobile money market in the region has evolved from primarily being used to top-up airtime and make person-to-person (P2P) transfers to becoming a platform that enables additional financial services, including bill payments, merchant payments and international remittances.<\/p>\n

The volume of these new types of \u2018ecosystem payments\u2019 almost quadrupled between 2014 and 2016 and now accounts for about 17 per cent of all mobile money transactions, driven by a significant rise in the number of mobile-based bill payments.<\/p>\n

There were 277 million registered mobile money accounts across Sub-Saharan Africa at the end of 2016, plus 1.5 million registered agents. Mobile money users have historically been concentrated in East Africa, home to major mobile money markets such as Kenya, Tanzania and Uganda.<\/p>\n

However, the latest data suggests that user growth is now being driven by other markets in the region, notably West Africa. Almost 29 per cent of active mobile money accounts in Sub-Saharan Africa are now based in West Africa, compared to just 8 per cent five years earlier.<\/p>\n<\/p><\/div>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sub-Saharan Africa accounts for more than half of all mobile money deployments worldwide and is pioneering a range of new mobile money use cases, according to new GSMA data. The latest \u2018State of Mobile Money in Sub-Saharan Africa\u2019 presentation, made available by the GSMA in Tanzania this week, reveals that the number of live mobile […]<\/p>\n","protected":false},"author":0,"featured_media":396922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-400694","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nSub-Saharan Africa driving global market for mobile money \u2013 GSMA report - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/07\/13\/sub-saharan-africa-driving-global-market-for-mobile-money-gsma-report\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Sub-Saharan Africa driving global market for mobile money \u2013 GSMA report - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Sub-Saharan Africa accounts for more than half of all mobile money deployments worldwide and is pioneering a range of new mobile money use cases, according to new GSMA data. 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