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Africa’s mobile money revolution isn’t just happening—it’s accelerating! Mobile wallets are reshaping how people transact, from street vendors to large enterprises. But let’s be real: the challenge has always been the same—a massive unbanked and underbanked population across the continent.
Now, in 2025, a wave of new and expanding mobile wallets is making digital payments more seamless, secure, and accessible than ever before.
Big news for Malawians! Mukuru, a South African fintech giant, expanded its Mukuru Wallet into Malawi in late 2024, offering users a digital banking alternative in a country where over 12 million people are using mobile money.
So, what makes it special?
Mukuru has designed two wallet pockets to make transactions smoother:
With mobile money adoption in Malawi growing by 14.1% year-on-year, this launch is a big win for financial inclusion, giving more people access to secure and efficient banking services.
If you use Orange Money, there’s exciting news for you! Orange Middle East and Africa (OMEA) has teamed up with Mastercard to take digital payments to the next level in seven African countries:
📍 Cameroon, Central African Republic, Guinea-Bissau, Liberia, Mali, Senegal, and Sierra Leone.
What does this mean for users?
This move is a game-changer for businesses and consumers alike, breaking down barriers to global commerce.
If you’ve ever sent money from the U.S. to Africa, you know the struggle—hidden fees, slow transfers, and unnecessary complexity. Well, that’s changing!
Alviere and Onafriq (Africa’s largest digital payments network) have partnered to revolutionize cross-border remittances.
The numbers are staggering:
For the African diaspora, who sent home $100 billion in remittances in 2023, this partnership means faster, cheaper, and more accessible transfers.
With mobile wallets becoming the go-to financial tool, the next big focus areas will be:
And here’s a bold prediction: mobile transactions in Africa are projected to surpass $3 trillion by 2025. Let that sink in.
Africa is experiencing a digital payments revolution, and it’s happening fast. Whether it’s Mukuru’s expansion in Malawi, Orange Money’s Mastercard collaboration, or Onafriq’s game-changing cross-border remittances, mobile wallets are becoming an essential part of everyday life.
For business owners, gig workers, and even the average person who just doesn’t want to carry cash—this is the future.
The best part? It’s already here.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
James Strudwick Executive Director at Starknet Foundation
13 March
Foday Joof Risk Management Officer at Central Bank of The Gambia
Anoop Melethil Head of Marketing at Maveric Systems
12 March
Alex Kreger Founder & CEO at UXDA
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