Mobile money transfer services by telcos did not originate in Africa, but the SSA region was where the magic happened due to the incomparably higher unbanked and underbanked population.
When we look at the rate of the young population which is nearly 60%, it only made sense for telcos to offer financial services after the SSA success stories.
Considering the enthusiasm of Europe to go fully cashless within a decade, we’ll likely see full support by governments throughout the mobile money transformation.