The impact of mobile money on monetary and financial stability in Sub-Saharan Africa

The impact of mobile money on monetary and financial stability in Sub-Saharan Africa

This insight is open to all subscribers and registered users, or available by completing the form.

The benefits that mobile money enables for individuals, households and businesses have been demonstrated by a burgeoning body of research and empirical evidence, especially in Sub-Saharan Africa, where there were almost 400 million registered accounts at the end of 2018. However, the impact of mobile money on macroeconomic and financial development is not as well understood and has received much less attention.

This report assesses the impact of mobile money on monetary and financial stability across several countries in Sub-Saharan Africa – something no previous study has done. It shows that mobile money can enable more effective monetary policy and is also associated with growth in the commercial banking sector. The report’s findings are highly relevant to central banks, mobile money providers and the wider financial sector because they can inform policy discussions both in countries where mobile money has not achieved scale and in those where it has.

Report details

The impact of mobile money on monetary and financial stability in Sub-Saharan Africa
Pages
32
Released
APRIL 2019

Download the report

Complete the form to get instant access to this content. For easier access in the future, you can register for a free account here.

By submitting this form, you agree that your email address and related activity on the platform will be processed for the purpose of generating and providing the requested report. Your data will be shared with GSMA Intelligence for this purpose. For more information, please see the GSMA Intelligence Privacy Policy.

Opt-in for Marketing Communications:
To ensure you stay up-to-date on the latest developments in the mobile industry, GSMA Intelligence would like to send you information about events, products, services, and initiatives, as well as industry news. Please subscribe by ticking this box; once subscribed, you can tailor what you receive from us at any time, or unsubscribe, should you wish.

Related research

AI and the token economy: telco role, telco value

Topics

Growth in AI consumption is creating commercial opportunities across the AI value chain. Over the past year, investment in AI has increasingly extended towards revenue-generating services and enterprise propositions, with operators assuming a broader range of roles across the AI value chain. Telcos in Asia Pacific are particularly active across multiple layers of the AI value chain. They account for 43% of those participating in the infrastructure layer and 38% in the model layer. This position reflects the combination of large and linguistically diverse markets, government-backed national and sovereign AI agendas, expanding AI infrastructure investment, and the scale of leading regional operators and technology ecosystems.

This insight is locked

Digital Nations 2026: building trusted digital ecosystems in ASEAN

Topics

Digital trust has become a strategic delivery mechanism for building digital nations. Countries that build confidence in digital infrastructure, services and institutions will be better placed to convert digitalisation into adoption, innovation, investment and socioeconomic impact. To explain how digital trust can be strengthened, this report introduces four interconnected foundations of digital trust. Traditionally viewed as connectivity providers, mobile operators are increasingly contributing to all four trust foundations, making them key enablers of digital trust. 

This insight is locked
SERIES: Global Mobile Forecasts

Global Mobile Forecasts, Q2 2026 Review: capturing the changes, discussing the drivers

Standard
●
Topic

GSMA Intelligence constantly monitors mobile markets across the world to capture the most recent trends and share the latest available data. This analysis looks at the key revisions made to the mobile connection forecasts over the previous quarter and the drivers underpinning the changes.

This insight is locked

Authors

How to access this report

Annual subscription: Subscribe to our research modules for comprehensive access to more than 200 reports per year.

Enquire about subscription

Contact our research team

Get in touch with us to find out more about our research topics and analysis.

Contact our research team

Media

To cite our research, please see our citation policy in our Terms of Use, or contact our Media team for more information.

Learn more
Full access
Get full access to our research now, get in touch with us to find out more about our research topics and analysis
  • 200 reports a year
  • 50 million data points
  • Over 350 metrics

How can we support you?

Get in touch

Contact the GSMA Intelligence support team for help with your account, subscriptions, or access to reports and insights.

Newsletter

Subscribe to the GSMA Intelligence newsletter for the latest industry news and insights, delivered to your inbox.