Author: By Dilip Pal

Safaricom’s mobile money service, M-Pesa, has significantly contributed to economic transformation. [File, Standard] The latest State of Industry Report for Mobile Money by Global System for Mobile Communications Association (GSMA) has great insights on the remarkable growth and transformative potential of mobile money in Africa. From GSMA’s analysis, Africa remains the undisputed global heartland of mobile money, firmly established as the industry’s vibrant epicentre and a powerful engine for economic transformation. In 2024, the continent, particularly Sub-Saharan Africa, spearheaded global growth, with the majority of the more than 2.1 billion accounts registered worldwide on this continent. Sub-Saharan Africa alone accounts…

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