AFRICA’S financial landscape is undergoing a profound transformation, driven by a rapid adoption of mobile financial services. This shift is not just a trend – it’s a fundamental change that is reshaping how people across the continent manage their finances. In 2024, Africa’s mobile money market reportedly reached USD 804.9 million.
Forecasts indicate growth to approximately USD 4 billion by 2033. Industry reports show that in 2022 alone, more mobile money transactions exceeded 45 billion, valued at over $836 billion.