Transaction volume of mobile money operations in Nigeria from 2016 to 2019 (in millions)

In 2019, Nigeria counted over *** million mobile money transactions. Compared to the previous years, the number of operations increased consistently. Mobile money allows you to receive, store, and spend money using a mobile phone. To make a deposit or get cash, mobile money systems use agents, people in key locations throughout the country, including remote rural areas, where to pick up or deposit money. Nigeria had around ** million mobile money customers in 2019. The number of users of this service has experienced an increase in the last years.