Mobile money transactions top P33bn

Friday, February 21, 2025 | 2730 Views |

In the lead: Orange Money has increased its market share PIC: MORERI SEJAKGOMO

The value of mobile money transactions in the country rose to P33.5 billion in the year to March 2024, up more than 26% year-on-year, as telecomm firms boosted their services and linkages with commercial banks.

Mobile money services, currently offered by Orange, Mascom, Botswana Telecommunications Limited, and BotswanaPost, are amongst the fastest growing solutions in the financial sector, witnessing increasing transaction values on an annual basis.

The Botswana Communications Regulatory Authority's (BOCRA) 2024 annual report shows that in the year to March 2024, the pace of growth in the mobile money sector continued the explosive trends seen in previous years.

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