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Mobile Money Transactions Increased Globally by 65% in 2020 – GSMA

The GSM Association yesterday March  24th, 2021 published its annual  ‘State of the Industry Report on Mobile MoneyIt revealed a dramatic acceleration in mobile transactions during the COVID-19 pandemic as lockdown restrictions limited access to cash and financial institutions.

The report found that the number of registered accounts grew by 13% globally in 2020 to more than 1.2 billion – double the forecast. The fastest growth was in markets where governments provided significant pandemic relief to their citizens.

 

Adopted from Proshare

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