Quotable: Mobile-only in Africa

Quotable: Mobile-only in Africa

Africa is not just a mobile-first continent. It is mobile-only.

-Toby Shapshack

By the numbers in Shapshak's CNN article on Africa's mobile revolution:

  • 80% of the world's mobile money transactions are happening in East Africa
  • M-Pesa reportedly handles $20 million a day in transactions
  • Mobile money is projected to become a $617 billion industry by 2016
  • Africa has about 1 billion people and an estimated 700 million SIM cards
  • In South Africa, Google says 25% of its searches during the week are via mobile, rising to 65% on the weekends

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