Ethiopia is one of the three sleeping giants of the mobile money industry, according to the GSMA’s State of the Industry Report on Mobile Money from 2018, which points to the country’s enormous potential for uptake if it has the right social and regulatory environment.
A PayNXT360 report in August 2019 says that Ethiopia is also one of the fastest growing markets for mobile payments in Africa. The report forecasts a compound annual growth rate of 21% in mobile payment volumes between 2020 and 2025.
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