East Africa emerges as global leader of mobile money transfers - report

A mobile money outlet. Mobile money transactions rose 8.5 percent between June and September 2020, according to the Tanzania Communications Regulatory Authority. PHOTO | FILE

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.