What Will Be the Hottest Mobile Money Market in the World by 2020?

The Consultative Group to Assist the Poor (CGAP) have released a report on mobile money momentum in African countries, emphasizing Ghana, Kenya and Tanzania as the most successful mobile money markets in the world.

According to the report, 17% of Ghana's 27.3 million citizens have a mobile money account, which has doubled from 2014. Ghana demonstrated a rapid growth of mobile money and a potential to become the world’s most successful mobile money market moving previous leaders.

Moreover, 92% of adults in Ghana have the required ID necessary to open an account and 91% of Ghanaians own a mobile phone. As stated by The World Bank, Ghana has an even greater potential for mobile money than Kenya and Tanzania, which are considered two of the most su ...

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