‘Mobile money has moved from this new thing into an industry,’ says MasterCard

Wednesday, April 9, 2014

Close to 70% of the world’s active mobile money customers are in sub-Saharan Africa, according to Aaron Oliver, head of emerging payments for Middle East and Africa at MasterCard.

“Mobile money has moved from this ‘new thing’ into an industry and really the heart of that industry is in sub-Saharan Africa,” Oliver told How we made it in Africa.

“Some of the stats that we have… there are 61m active mobile money customers [globally]… and 42m of those are in sub-Saharan Africa.”

Source: How We Made It In Africa (link opens in a new window)

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banking, digital payments, mobile finance, mobile money