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Mobile money users reach 61 million

The number of active mobile money users has grown to 61 million in June 2013 from 37 million a year earlier, according to trade body the GSMA.

It added that the number of registered mobile money accounts has grown to 203 million, up from 71 million two years earlier. 219 mobile money services are now deployed in 84 countries, growing from 179 services in 75 countries at the end of 2012.

The GSMA announced the findings at Mobile World Congress in its third annual Mobile Financial Services State of the Industry Report.

“This annual report underscores the enormous impact that mobile money is having in emerging markets, by providing access to increasing numbers of products and services and helping millions of people to manage their daily lives and improve their livelihoods,” said Tom Phillips, chief regulatory officer at the GSMA.

“Each year our review reveals greater insights on the wide range of uses of mobile money and on how operators are working collaboratively in developing mobile money services to meet growing customer demand.”

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