Mobile money usage explodes

Leaps and bounds: Mobile money transactions and values have risen exponentially over the past five years PIC: MORERI SEJAKGOMO
Leaps and bounds: Mobile money transactions and values have risen exponentially over the past five years PIC: MORERI SEJAKGOMO

Mobile money usage is surging in the country, with the number of mobile money accounts per 1,000 adults more than doubling in the last five years, statistics compiled by the International Monetary Fund (IMF) show.

In its Financial Access Survey released last Tuesday, the IMF said the number of mobile money accounts per 1,000 adults had grown from 1,115 in 2017 to 2,973 in 2022.

The growth in mobile money usage is also clear in the value of mobile money transactions over the same period, which has grown from 3.4 percent of GDP in 2017 to nearly 14% of GDP in 2022.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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