Its no secretobvious that mobile money is the primary banking device of choice for many Africans. This year alone, $33 billion is expected to change hands through mobile services on the continent. Thats almost much as the GDP of Ghana.
A current study done by SOKO Insight, a research company, looked at mobile-money usage in Ghana and Kenya, where practically two-thirds of mobile owners now have mobile-money accounts.
And where it was when mainly a device to send out and receive cash, mobile money has likewise become a progressively typical way for individuals to pay their expenses, receive their incomes, and even get loans: