🏝 African fintech Mukuru at its peak: the mobile money boom is at an all-time high

🏝 African fintech Mukuru at its peak: the mobile money boom is at an all-time high

Currently, the Zimbabwean 🇿🇼 company serves 17 million users across Africa, Asia, and Europe, processing between $3.5 to $4 billion USD in annual payments within Africa alone.

💕 Success story: The platform began operations in 2004 by selling international airtime.

💕 Key fact: Countries in Sub-Saharan Africa currently account for 50% of all mobile money accounts worldwide.

💕 Context: The growth of mobile banking is driven by a young, tech-savvy population and limited access to traditional banking services. For example, Ghana🇬🇭 saw a 51.76% increase in electronic transfers, reaching $196.7 billion USD in 2024.

#news #Africa #global

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