Data » Topics » Mobile Money

Data Dashboard

Deployments 1 271 4.6%

Reg'd accounts 2 411M 30.5%

Penetration 2,3 10%

Active accounts 2 134M 28.3%

Deployments 2 30 21 in 2014

Agents 2 3.2M 25.2%

Topic overview

It is estimated that 2 billion people in lower to middle income countries are unbanked. They lack access to the financial services they need to invest in their livelihoods, protect their assets and prevent them from falling deeper into poverty. Traditional bricks-and-mortar banking infrastructure is too expensive to serve the poor, particularly in rural areas. However, more than one billion underserved people in these markets have access to a mobile phone, providing existing infrastructure that can be used to sustainably offer financial services such as payments, transfers, insurance, savings and credit.

The GSMA Mobile Money programme is working with mobile operators and industry stakeholders to create a robust mobile money ecosystem, which will increase the relevancy and utility of these services, and ensure their sustainability. To truly transform the financial lives of underserved people, mobile money must become a central monetisation mechanism, universally available across a greater range of digital transactions. By making mobile money more central to the financial lives of these users, greater financial inclusion, economic empowerment and economic growth can be achieved.

The GSMA Mobile Money programme is supported by the Bill & Melinda Gates Foundation, The MasterCard Foundation and Omidyar Network.

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KEY RESEARCH

2015 State of the Industry Report
Mobile Money

February 2016

Mobile Money Deployments

 

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