'What’s immediately obvious is how much of this growth has come from Sub-Saharan #Africa ; it’s home to more than half of the world’s accounts. In 2023, there were over 330 million active #mobilemoney accounts in the region; more than one mobile money account for every four people.
What’s changed? One of the obvious drivers of this growth has been the widespread adoption of #mobilephones, not just in the richest countries but across the globe.'
Our World in DataThere are now more than half a billion mobile money accounts in the world, mostly in Africa — here's why this mattersMobile money allows people without banks to securely transfer funds via text message, and its adoption is growing rapidly.
