Business · South Africa
Africa Fuels Mobile Money Growth to $2-Trillion Worldwide
TechCentral · 2026/03/29
Summary
Mobile money transactions worldwide have reached an impressive $2-trillion mark in 2025. This figure is double what it was just four years ago. Much of this rapid growth is due to increased mobile money use in Africa. Mobile money lets people send and receive money using their phones, which is especially helpful in places with limited access to banks. In Africa, more people and businesses are using this technology to pay for goods, save money, and get loans. This trend is helping improve financial inclusion for many who were previously left out of the traditional banking system. As mobile money continues to grow, it is driving economic activity and bringing more convenience to everyday transactions.
OnABudget takeaway: For everyday South Africans, this growth in mobile money means easier, faster ways to manage and move money without needing a bank. Small businesses can benefit from reaching more customers and handling payments more efficiently.