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How Africa became the world’s mobile money powerhouse with $1.4 trillion transactions

Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash

Africa dominates global mobile money, reshaping payments, finance and investment — but can it turn scale into lasting financial power?

Africa is no longer catching up in finance – it is setting the pace.

The continent’s mobile money market processed $1.4 trillion in transactions in 2025, cementing its position at the centre of a global shift towards phone-based payments, according to the GSMA.

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