Sub-Saharan Africa accounts for half of global mobile money services – McKinsey

Sub-Saharan Africa accounts for half of global mobile money services – McKinsey

A combination of invigorated activities from fintech start-ups and traditional financial institutions has shot Africa into the global limelight as the number one continent for mobile money. Citing GSMA as source, financial analysts at global research firm, McKinsey stated that over half of the 282 mobile money services are located in sub-Saharan Africa. “In Africa today there are 100…

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