Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central Bank of Kenya data showed.

Up to 10,000 buses to become cashless with O-CITY's M-Pesa-based ticketing solution.

IMF’s financial access survey for 2020 said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.

Within the continent’s gloomy pandemic narrative, the formidable resilience of remittance flows into African markets is a shining light.

The region’s financial institutions and merchants have needed to work swiftly to support unprecedented levels of digital payments.

ACI Worldwide, a leading global provider of real-time digital payment software and solutions, announced the winners of the 2020 ACI Innovation Awards.

According to a recent GSMA report, Sub-Saharan Africa is the enduring epicenter of mobile money, adding over 50 million registered accounts in 2019.

The huge surge is attributed to a government measure instituted to curb COVID-19 spread by encouraging the use of mobile money payments.

"COVID-19 has underscored how important digital systems and contactless transactions are for economic resilience."

Digital accelerated to the forefront amid the COVID-19 pandemic, but it’s become clear as governments lift stay-at-home orders that it’s now many consumers' preferred way of getting things done.