Mobile Money Transaction Values Hit $1.68 trillion
The mobile money industry exceeded two billion registered accounts and over 500 million active monthly users for the first time in 2024. Mobile money users conducted approximately 108 billion transactions in 2024, totaling more than $1.68 trillion in value.
Africa’s $1.5 Billion Funding and Its Untapped Entrepreneurial Potential
Africa secured $1.5 billion in equity funding in 2024. Africa accounts for 5% of global GDP but 18% of the world's population.
South Africa's Pargo expands into Egypt following a $4 million funding boost
Pargo secures $4 million in funding for expansion into Egypt. Launch of collect and return services at over 500 Pargo Points in Egypt.
Latin American Fintechs Storm Africa In Fiery Digital Gold Rush
PayRetailers expands into eight new African countries. Initial launch in Rwanda, Zambia, Uganda, and Tanzania.
Should The Bank Of Ghana Appoint a Third Deputy Governor for Technology and Innovation?
Ghana is one of the fastest-growing mobile money markets in Africa, with over 2 billion mobile money transactions in 2020. Mobile money services in Ghana could reduce transaction costs by up to 75%.
