Browsing: State of the Industry Report

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  • The GSMA’s State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected.
  • Registered accounts, transaction values, and deployments exceeded industry predictions. 
  • In 2022, daily transactions via mobile money reached $3.45 billion, exceeding the $3 billion amount predicted in 2021.
  • Total transaction value for mobile money grew by an incredible 22 percent between 2021 and 2022, from $1 trillion to around $1.26 trillion.  

Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual State of the Industry Report on Mobile Money 2023.

The report, published annually by the GSMA and funded by the Bill and Melinda Gates Foundation, demonstrates that rates of adoption are even quicker than expected, with the number of registered mobile money accounts growing by 13 percent year on year.

This is from 1.4 billion …