Africa's Mobile Payment Sector Adds 190 Billion To Gdp

A new GSMA report confirms Africa's leadership in digital payments. Last year, the continent accounted for 53 of global mobile money accounts and over US1 trillion in transactions. Contributing US190 billion to GDP, Africa's mobile money ecosystem has evolved into a robust and mature digital payment infrastructure.

The State of the Industry Report on Mobile Money 2025 by GSMA confirms that Africa is an undisputed leader in digital payments, with the continent's digital payments trends surpassing those of other regions in 2024.

While Africa's performance last year stood out, insiders view it as just the beginning, with many pointing to significant underlying opportunities for further growth.

Reenu Verma, a fintech expert at Vodacom M-Pesa, said, "I'm not surprised at all. I thought we would have grown even more rapidly."

"Now, partnerships with banks and fintechs will accelerate adoption even further," Verma, speaking during a webinar of the reports launch on April 8, 2024, explained.