Quotable: Africa alone has more mobile money users than Facebook does worldwide

Financial Inclusion

Quotable: Africa alone has more mobile money users than Facebook does worldwide

The potential for global mobile phone usage continues to expand. Photo: davepatten (flickr).

 

“There are now more mobile money activity users in Africa than there are users of Facebook. And when mobile money reaches that level of penetration, we see a whole new level of innovation.”

- Chris Locke, GSMA Mobile for Development

Watch interviews with Locke and with Mercy Corps' financial services expert Elizabeth Berthe on Visa's blog.

Curated news and insights about innovative, market-driven solutions to poverty explored through news, commentary and discussion.

Learn more »

Global Envision newsletter