East Africa is global leader of mobile money - report

Mobile money has been one of the fastest growing sectors across East Africa. PHOTO | EDGAR R. BATTE

What you need to know:

  • East Africa has 1,106 registered mobile money accounts for every 1,000 adults, compared to 600 for the whole of Africa, 533 for Asia and 245 for Latin America and the Caribbean. 

The East African region has cemented its position in the digital economy as the global leader with the highest penetration rate of mobile money in the world. 

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