Mobile money usage explodes

Wednesday, October 11, 2023 | 1410 Views |

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Batswana will have to wait a little longer before government introduces injectable antiretrovirals (ARV), Assistant Minister of Health, Lawrence Ookeditse, revealed in Parliament this afternoon.

Extended wait for injectable ARVs

Sharon Mathala | 15 h ago

What if we never wore suits again?

Bongi D D M Radipati | 11 Jul 2025

Dripping in culture and champagne

Lucy Kgweetsi | 11 Jul 2025

Nkashi Classic revives the forgotten Okavango East

Thalefang Charles | 11 Jul 2025

A revolution hastened: Africa looks within amidst global trade wars

Mbongeni Mguni | 11 Jul 2025

Masisi: The disputed appointment

Ryder Gabathuse,PAULINE ROD SMITH | 11 Jul 2025

Mares in tense wait for Ghana-Tanzania result

Kabelo Boranabi | 11 Jul 2025

PSP clears accountant, DCEC pounces on him

Spira Tlhankane | 11 Jul 2025

Who watches the watchdog?

For a fact, in a democratic society such as Botswana, the media plays a crucial role of being watchdog, holding the powerful to account and exposing all possible wrongdoing for the benefit of the public.There has been a nagging question about who watches the watchdog after all? Perhaps, the investigations into alleged wrongful acts implicating those supposed to be playing the watchdog role will shed more light into what has happened such that the...

Mmegi Editor | 11 July 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More