• Big Story
  • News
    • News
    • Consumer Technology
    • Market Updates
    • Technology Insights
  • Interviews
  • Opinion
  • Digital Transformation Series
  • Special Reports
    • MWC Africa
    • Nigeria 5G Spectrum Auction
Friday, June 13, 2025
  • Login
  • Register
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Your text
MTN mobile money

GSMA: Mobile money ‘changing landscape of financial inclusion’

Kayode OladeindebyKayode Oladeinde
24/02/2016
in News
Reading Time: 2 mins read
1 0
A A
0
ADVERTISEMENT

The fifth annual ‘State of the Industry Report on Mobile Money’ of the GSM Association (GSMA) has revealed how mobile money is changing the landscape of financial inclusion.

With 271 services in 93 countries, mobile money is now available in 85 per cent of markets where less than 20 per cent of the population have an account at a formal financial institution, the GSMA report says.

“Mobile money is driving social and economic impact for millions of people in emerging markets,” John Giusti, Chief Regulatory Officer, GSMA says. “Over the last decade, mobile money has done more to extend the reach of financial services than traditional bricks and mortar banking were able to do over the last century. With 411 million mobile money accounts today, mobile is an increasingly critical platform for expanding financial inclusion globally.”

A mobile phone user hold the Nokia 103
A mobile phone user hold the Nokia 103

The report shows that the number of active mobile money users is growing rapidly year-on-year. As of December 2015, there were more than 134 million accounts active, with 30 services having more than one million active accounts and seven services with more than four million. Mobile network operators continue to play a leading role in delivering mobile money and expanding financial inclusion.

One of the key findings of the 2015 report is that Sub-Saharan Africa continues to account for the majority of live mobile money services but more than half of the new services launched in 2015 were outside this region, primarily in Latin America and the Caribbean. Looking ahead, new mobile money services are expected to grow by as much as 50 per cent in Europe and Central Asia, as well as the Middle East and North Africa, demonstrating the significant traction that mobile money is gaining globally.

The fifth annual ‘State of the Industry Report on Mobile Money’ report provides a quantitative assessment of the industry, drawing on the results of the annual GSMA Global Adoption Survey of Mobile Financial Services, data from the GSMA Mobile Money Deployment Tracker and insights on mobile money performance from the GSMA’s engagement with the industry over the last year.

Related Articles

Tinubu says ₦3.1 trillion fibre optic link to power Nigeria’s digital future

Sextortion surge hits over 54,000 Nigerians in growing cybercrime wave, ngCERT warns

The Investments and Securities Act 2024 and recognition of virtual assets

FG: Meta’s Llama AI Accelerator launched to tackle Nigeria’s pressing challenges

Akanmu says digital cash transfers can close financial inclusion gaps 

FCSC warns Nigerians of online recruitment scam

Nigeria’s new digital traceability platform to fight counterfeit goods

MTN unveils biodegradable SIMs to tackle telecoms waste

NIMC debunks Police verification disruption claims

Gates, Yahaya seek AI-driven healthcare to transform frontline systems 

Share20Tweet12Share3SendShare
Kayode Oladeinde

Kayode Oladeinde

Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929

Related Articles

tinubu-says-fibre-optic-to-power-nigeria-future
News

Tinubu says ₦3.1 trillion fibre optic link to power Nigeria’s digital future

byFejiro Awowedeand1 others
12/06/2025
sextortion-surge-hits-over-54000-nigerians
News

Sextortion surge hits over 54,000 Nigerians in growing cybercrime wave, ngCERT warns

byOladapo Riliwan
12/06/2025
opinion-the-investments-and-securities-act-2024
Opinion

The Investments and Securities Act 2024 and recognition of virtual assets

byTechnology Times Contributor
12/06/2025
FG: Meta’s Llama AI Accelerator launched to tackle Nigeria’s pressing challenges
News

FG: Meta’s Llama AI Accelerator launched to tackle Nigeria’s pressing challenges

byOladapo Riliwan
10/06/2025
akanmu-digital-cash-transfers-can-close-gaps
News

Akanmu says digital cash transfers can close financial inclusion gaps 

byFejiro Awowede
10/06/2025
fcsc-disowns-circulating-online-promotion-form
News

FCSC warns Nigerians of online recruitment scam

byIretomiwa Balogun
10/06/2025
nigeria-digital-portal-fights-counterfeit-goods
News

Nigeria’s new digital traceability platform to fight counterfeit goods

byOladapo Riliwan
09/06/2025
mtn-unveils-biodegradable-sims-to-tackle-telecoms-waste
News

MTN unveils biodegradable SIMs to tackle telecoms waste

byFejiro Awowede
07/06/2025
nimc-debunks-police-verification-disruption
News

NIMC debunks Police verification disruption claims

byOladapo Riliwan
06/06/2025
Gates, Yahaya seek AI-driven healthcare to transform frontline systems 
News

Gates, Yahaya seek AI-driven healthcare to transform frontline systems 

byFejiro Awowede
05/06/2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

12 − four =

UBA Ad UBA Ad UBA Ad
ADVERTISEMENT
ADVERTISEMENT
Access Bank Access Bank Access Bank
ADVERTISEMENT

Latest Articles

tinubu-says-fibre-optic-to-power-nigeria-future

Tinubu says ₦3.1 trillion fibre optic link to power Nigeria’s digital future

12/06/2025
sextortion-surge-hits-over-54000-nigerians

Sextortion surge hits over 54,000 Nigerians in growing cybercrime wave, ngCERT warns

12/06/2025
opinion-the-investments-and-securities-act-2024

The Investments and Securities Act 2024 and recognition of virtual assets

12/06/2025
FG: Meta’s Llama AI Accelerator launched to tackle Nigeria’s pressing challenges

FG: Meta’s Llama AI Accelerator launched to tackle Nigeria’s pressing challenges

10/06/2025
akanmu-digital-cash-transfers-can-close-gaps

Akanmu says digital cash transfers can close financial inclusion gaps 

10/06/2025
CrownCrystal Technologies CrownCrystal Technologies CrownCrystal Technologies
ADVERTISEMENT
ADVERTISEMENT

POPULAR ARTICLES

  • sextortion-surge-hits-over-54000-nigerians

    Sextortion surge hits over 54,000 Nigerians in growing cybercrime wave, ngCERT warns

    68 shares
    Share 27 Tweet 17
  • Tinubu says ₦3.1 trillion fibre optic link to power Nigeria’s digital future

    54 shares
    Share 22 Tweet 14
  • CREDICORP: FG opens portal on www.credicorp.ng for Nigerians to access consumer credit

    15405 shares
    Share 6162 Tweet 3851
  • LAGOS | Website to verify vehicle numbers now live

    815 shares
    Share 326 Tweet 204
  • Increased risk of fraud during times of economic uncertainty

    66 shares
    Share 26 Tweet 17
  • Moniepoint, Afrigopay eye 5 million financially-excluded Nigerians with AfriGO cards

    73 shares
    Share 29 Tweet 18
  • FG signals inclusive review of Nigeria’s Cybercrime Act

    62 shares
    Share 25 Tweet 16
  • Nine Nigerians sentenced for internet fraud, EFCC says 

    64 shares
    Share 26 Tweet 16
  • Operation Red Card: Nigeria leads continental crackdown on cybercrime syndicates

    68 shares
    Share 27 Tweet 17
  • EFCC taps tech to fight cybercrime amid US support

    60 shares
    Share 24 Tweet 15

Latest Videos

  • TT TV
teniola-advocates-dynamic-billing-for-nigerians

Teniola advocates dynamic billing to protect Nigerian consumers | Technology Times Policy eXchange

14/04/2025
watch-mtn-nigeria-board-lawsuit-interview

#Watch: MTN Nigeria’s board is filled with ex-regulators—is this a conflict of interest?

24/03/2025
engr-banjo-on-local-content-in-nigeris-telecoms

Watch: Engr. Banjo on local content in Nigeria’s telecoms market

23/03/2025
#Watch: Technology Times Thought Leadership Series #Live

#Watch: Technology Times Thought Leadership Series #Live

20/03/2025
#Watch Technology Times TV #Live

#Watch Technology Times TV #Live

20/03/2025
Load More
ADVERTISEMENT
Facebook Twitter Youtube LinkedIn RSS

ABOUT TECHNOLOGY TIMES

technology-times-logo

Nigeria Technology Media Group

Founded in 2004, Technology Times’ trusted technology news, market intelligence, views and business services reach readers and partners across Nigeria, Africa and beyond.

Advertising

Sign up for TT eNews

Get in touch here

CONTACT US

Phone: +234 (0) 1 454 1818
WhatsApp: +234 (0) 815 700 0100
Email: info@technologytimes.ng
Web: www.technologytimes.ng

LEGAL & COMPLIANCE

technology-times-logoHome

TT Privacy Policy

TT Terms & Conditions

TT Website Disclaimer

TT Guest Post Guidelines

TT Sitemap

VOffice

TOP STORIES

  • sextortion-surge-hits-over-54000-nigerians

    Sextortion surge hits over 54,000 Nigerians in growing cybercrime wave, ngCERT warns

    68 shares
    Share 27 Tweet 17
  • Tinubu says ₦3.1 trillion fibre optic link to power Nigeria’s digital future

    54 shares
    Share 22 Tweet 14
  • CREDICORP: FG opens portal on www.credicorp.ng for Nigerians to access consumer credit

    15405 shares
    Share 6162 Tweet 3851
  • LAGOS | Website to verify vehicle numbers now live

    815 shares
    Share 326 Tweet 204

©2004-2025 Technology Times, owned and operated by Digital Transformation Media Limited (DTML), Nigeria or its affiliates. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Big Story
  • News
    • News
    • Consumer Technology
    • Market Updates
    • Technology Insights
  • Interviews
  • Opinion
  • Digital Transformation Series
  • Special Reports
    • MWC Africa
    • Nigeria 5G Spectrum Auction
  • Login
  • Sign Up

©2004-2025 Technology Times, owned and operated by Digital Transformation Media Limited (DTML), Nigeria or its affiliates. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy Page.