In the first quarter of 2018, App downloads increased globally by 10%. These five mobile applications are taking the lead in Africa.
Technology developments will continue to revolutionise payment in both the real and virtual worlds across the globe. As always, though, local conditions will dictate exactly how (and if) global trends affect local markets. African economies, with their quite distinct characteristics, are likely to present some atypical developments—and, if the past is any guide, some innovative lateral thinking.
The value of deposits and withdrawals by Ghanaians using mobile phones for banking and mobile money transactions almost doubled in 2017, according data published by the central bank.