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Africa remains the world’s mobile money king

Published on March 06, 2015

The GSM Association (GSMA) announced at the ongoing Mobile World Congress in Barcelona that the number of active Mobile Money accounts globally now exceeds 100 million and sub-Saharan Africa accounts for more than half (53 percent) of these.

Sub-Saharan Africa records the highest level of mobile money penetration, of all regions in the world. As at December 2014, 23.0 percent of mobile connections in Sub-Saharan Africa were linked with a mobile money account. However, in East Africa, there was almost one mobile money account for every two mobile connections, with Kenya, the region’s largest economy driving the growth. Last year, transactions worth $26.3 billion were made via mobile phones in Kenya. Read more. Source | Ventures Africa