Global mobile money transactions exceeded $2 trillion in 2025, doubling in value within four years, according to a new report by the GSMA.
The report, titled State of the Industry Report on Mobile Money 2026, highlights the rapid expansion of mobile money services, which have evolved into a mainstream financial tool for underserved populations.
According to the GSMA, mobile money accounts reached 2.3 billion in 2025, representing an increase of 268 million compared to the previous year. Active monthly users also rose to 593 million, a 15 per cent year-on-year increase.
GSMA Director-General, Vivek Badrinath, said the growth reflects the sector’s transformation into a global financial ecosystem.
“Mobile money has evolved from a simple way to move money into a global financial ecosystem, reshaping how hundreds of millions manage their financial lives,” he said.
The report noted that it took nearly two decades for mobile money to reach $1 trillion in annual transaction value, but only four years to double that figure.
It also underscored the role of regulation in supporting growth, with over 60 per cent of providers reporting that interoperability, know-your-customer requirements, and consumer protection frameworks have positively impacted their operations.
However, challenges persist, particularly around cross-border data transfers, which 24 per cent of providers identified as a barrier.
The report further highlighted a gender gap in mobile money usage. Outside countries such as Ghana, Kenya, and Nigeria, women are less likely than men to actively use mobile money services.
Despite these challenges, the GSMA said mobile money continues to drive financial inclusion, enabling access to credit, savings, and insurance, as well as facilitating rapid financial support during crises.
