13 6 in 2012
29% of the total transaction value
70% plan to increase their investment
Industry Data & Forecasts
Total mobile money registered accounts, 2002–2020
|Region||FY 2010||FY 2011||FY 2012||FY 2013||FY 2014|
It is estimated that 2.5 billion people in lower to middle income countries are unbanked. They lack the financial services they need to invest in their livelihoods, protect their assets and prevent them from falling deeper into poverty. Traditional bricks-and-mortar banking infrastructure is too expensive to serve the poor, particularly in rural areas. However, more than one billion underserved people in these markets have access to a mobile phone, providing existing infrastructure that can be used to sustainably offer financial services such as payments, transfers, insurance, savings and credit.
The GSMA’s Mobile Money for the Unbanked (MMU) programme accelerates the growth of commercially-viable mobile money services to achieve greater financial inclusion.
The MMU programme is focused on providing convenient and affordable financial services to the underserved by supporting mobile money services to reach scale. We do this by identifying and sharing benchmark data, operational best practices and commercially-viable interoperability approaches, as well as cultivating enabling regulatory environments. Since the launch of the programme in 2009, the number of mobile money for the unbanked deployments has grown tenfold, reaching more than 220 deployments around the world with over 60 million active users. At least nine countries now have more mobile money accounts than bank accounts (compared to four in 2012) and 44 countries have more mobile money agent outlets than bank branches (compared to 28 in 2012).
Download: Extending reach: Mobile money in rural areas
Download: Beyond vouchers: Meeting growing demand for off-net P2P transfers
Download: Setting up shop: Strategies for building effective merchant payment networks
Download: GSMA MMU Infographic: The Kenyan Journey to Digital Financial Inclusion
Download: Reaching half of the market: Women and mobile money
Download: Smartphones & Mobile Money: The Next Generation of Digital Financial Inclusion
Download: Mobile money in Côte d’Ivoire: A turnaround story
Download: GSMA MMU Infographic: Mobile Money in Tanzania
Download: Enabling Mobile Money Policies in Tanzania
Download: A2A Interoperability: Making Mobile Money Schemes Interoperate
Mobile Money Deployments