While it took the industry 18 years to reach one billion registered accounts and 250 million active 30-day users, it only took five years from that point for these figures to double.

As of 2023, the total GDP of countries with a mobile money service was more than $720 billion higher than it would have been without mobile money. This is equivalent to mobile money increasing GDP by 1.7% at the end of 2023, based on data collected between 2013 and 2023.

Since 2023, mobile money prevalence has generally improved. The number of countries with a low or very low Mobile Money Prevalence Index ranking declined from 53 in 2023 to 48 in 2024. During the same period, four new countries were classified as either medium, high or very high.

An increase in the average revenue per user (ARPU) has led to more MMPs with a higher EBITDA. The ARPU among survey respondents rose from $2.86 in September 2023 to $3.51 in June 2024.

The average amount spent on mobile money by a monthly active user increased by 4% in 2024. The average number of transactions per monthly active user rose by 8%. Mobile money services are an increasingly important part of users’ daily lives.