Africans continue to lead the way on mobile money

Wednesday, February 13, 2019

Africa is leading the way with mobile money accounts, and its sub-Saharan countries are the only region in the world where more than 10 percent of adults have such access. In some places, including Tanzania and Côte d’Ivoire, that’s more people than have a traditional bank account.

That’s according to the new G4S World Cash Report, presented Tuesday during the Africa and Middle East Cash Cycle Seminar (ICCOS), being held in Accra, Ghana.

“Going forward it is expected that the mobile phone will continue to play an important role in the future of payments in Africa,” said Paul van der Knaap, Global Director of Strategy and Business Development for G4S Cash Solutions.

Photo courtesy of Simone D. McCourtie.

Source: Africa Times (link opens in a new window)

digital payments, fintech, mobile finance