The top 7 African countries for mobile money (Infographics)


As many as 30% of cell phone users in Africa report that they participate in mobile banking.

A new report from the Pew Research Center shows the transformative power of the cell phone in the world’s fastest-growing market for mobile technology.

The organization surveyed mobile users in 7 countries in Sub-Saharan Africa, finding that two-thirds or more respondents said they owned a mobile phone.

In South Africa and Nigeria, two of the continent’s largest economies, it was nine-in-ten. This is an enormous leap from just a decade ago. For instance, in 2002, 8% of Ghanians had mobiles. Now that number is 83%. But what they are used for could come as somewhat of a surprise: while most people make calls and text, 30% of mobile users said they used their phone to make a payment in the past 12 months.

Read more: In seven of Africa’s leading economies, nearly a third of mobile users pay with their phones – Quartz

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