The GSM Association yesterday March 24th, 2021 published its annual ‘State of the Industry Report on Mobile Money. It 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