Number of mobile money customers in Nigeria 2016-2019
share of mobile money accounts in the continent in 2019.
There were 15.3 million mobile money customers in Nigeria as of 2019. Compared to the previous years reviewed, the number of users increased significantly. Mobile money allows customers to receive, store, and spend money using a mobile phone. The service can be provided by banks, mobile money operators (MMOs), telecom companies, and payment service providers. Sub-Saharan Africa has the largest number of mobile money users and the largest transaction volume and value worldwide. In particular, Western Africa registered the second largest