{"id":46856,"date":"2025-04-08T20:53:25","date_gmt":"2025-04-08T20:53:25","guid":{"rendered":"https:\/\/sotnews.agency\/?p=46856"},"modified":"2025-04-08T20:53:25","modified_gmt":"2025-04-08T20:53:25","slug":"global-mobile-money-value-hits-us1-68-trillion","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=46856","title":{"rendered":"Global Mobile Money Value Hits US$1.68 Trillion"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 1 Second <\/div>\n\n <\/div>

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https:\/\/newsghana.com.gh\/global-mobile-money-value-hits-us1-68-trillion\/<\/p>\n

The latest GSMA State of the Industry Report on Mobile Money reveals that in 2024 mobile money platforms processed US$1.68\u202ftrillion in transactions, a 16\u202fpercent increase year on year, while transaction volumes rose 20\u202fpercent to reach 108\u202fbillion.<\/strong><\/p>\n

Registered wallets climbed to 2.1\u202fbillion, with more than 500\u202fmillion active on a monthly basis\u2014effectively doubling global active users over the past five years.<\/p>\n

Beyond sheer scale, mobile money\u2019s economic impact is substantial. By the end of 2023 it had contributed an estimated US$720\u202fbillion to global gross domestic product, including US$190\u202fbillion in Sub\u2011Saharan Africa. The region remains the most dynamic market, driven by rapid uptake in East and West Africa, with Ghana among the standout performers. East Africa, led by Kenya\u2019s M\u2011Pesa, recorded the strongest growth in monthly active accounts, while the East Asia\u2011Pacific region is catching up thanks to supportive regulations in Cambodia, Fiji, the Philippines and Vietnam.<\/p>\n

\u201cMobile money has emerged as a powerful driver of financial inclusion and economic growth,\u201d said GSMA Director\u2011General Vivek Badrinath, underlining the sector\u2019s role in extending services to the unbanked and underbanked.<\/p>\n

Innovation is expanding beyond basic transfers. Forty\u2011four\u202fpercent of providers now offer credit, about one\u2011third provide savings products and 28\u202fpercent offer insurance. In Ghana, MTN reported that advanced services such as payments, savings, loans, remittances and insurance grew by 82.8\u202fpercent in 2024, outpacing 45.2\u202fpercent growth in withdrawals and 44.6\u202fpercent in transfers.<\/p>\n

Despite this progress, a gender gap persists. Women remain under\u2011represented in eight of 12 surveyed markets, hampered by low digital literacy and limited awareness. Nearly 60\u202fpercent of providers are rolling out digital financial literacy programmes to close this divide, recognising that once women obtain mobile wallets they use them as actively as men.<\/p>\n

As mobile money continues to reshape economies, sustaining its momentum will depend on deepening advanced service offerings and closing the gender gap. Empowering women through targeted literacy initiatives and broadening credit and savings options can help ensure that the benefits of digital finance reach every segment of society.<\/p>\n

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https:\/\/newsghana.com.gh\/global-mobile-money-value-hits-us1-68-trillion\/<\/p>

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News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https:\/\/newsghana.com.gh\/global-mobile-money-value-hits-us1-68-trillion\/ The latest GSMA State of the Industry Report on Mobile Money reveals that in 2024 mobile money platforms… <\/p>\n","protected":false},"author":1,"featured_media":421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-46856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/46856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46856"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/46856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/421"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}