Remittances add further weight to the shift: sub-Saharan Africa received $55-billion in 2023, with Nigeria accounting for about $20-billion, supporting education, healthcare and small business formation. Most people that are sitting with mobile money accounts are now transacting with merchant payments as well, which is something that you wouldn’t have noted before. “You would think that normally, somebody with mobile money would take the funds out as cash and transact that way. But now, with merchant services, we’ve seen over $100-billion in transactions where mobile money is being used directly with merchants. In 2024, mobile payments in sub-Saharan Africa surpassed 80-billion transactions worth $1.1-trillion.