A Report by Bill Gate’s Foundations Shows Nigeria’s Impressive Mobile Money Performance
According to recent research, there has been a 41% increase in the number of registered agents for mobile money transfers in Nigeria. The Bill & Belinda Gates Foundation helped the GSM Association (GSMA) put up the State of the Industry on Mobile Money Report 2023.
Mobile money account ownership has increased from 16% to 22% among all adults in Nigeria who are aware of it and have used a mobile phone in the last year. In 88% of all adult users of mobile money, the account is registered in the user’s name (a nine percentage point rise year over year). So says the report.