Mobile Money in Africa

The expression silver bullet means a simple remedy for an intractable problem. It can be described as a panacea, a magic bullet, a miracle drug, that’s exactly what mobile money is to Sub Saharan Africa. Mobile money is an African solution to an African problem to achieve financial inclusion and digitize payments. Why mobile money is seen a silver bullet and what is the future of mobile money post Covid-19? Let’s look at the key numbers reflecting the power of mobile money in Africa as reported by GSMA in the State of Industry Report 2019: ·     Registered users exceed 500 million…