The mobile money industry is now processing a billion dollars a day and generating direct revenues of over $2.4 billion. With 690 million registered accounts worldwide, in 90 countries, mobile money has evolved into the leading payment platform for the digital economy in 75 percent of low- and lower-middle-income countries, the GSMA says.
Globally, the percentage of providers who offer mobile money through a smartphone app has increased from 56 per cent in 2015 to 73 per cent as of June 2017.
Total transaction values grew by 21 per cent from $26 billion in December 2016 to over $31.5 billion in December 2017. On average, an active customer moved $188 per month, primarily cashing in and out and sending person-to-person (P2P) transfers.
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