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    News in brief

    $4bn mobile money transfer revenue by 2018

    News in brief

    Revenue from mobile money transfer services will hit US$2bn this year, doubling to $4bn by 2018, Juniper Research says, citing Africa as the market leader. “Several African mobile operators are now generating more than 10% of their revenues from mobile money,” it adds. “Safaricom’s M-Pesa service [in Kenya] recorded mobile money revenues of more than $330m in the latest financial year.”

    Filed by Email Rian Boden Published • Last updated 24 June 2015, 12:22

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