11 MILLION ZAMBIANS USING MOBILE MONEY
About 11 million Zambians are now using mobile money transactions for their businesses and daily transactions.
Zambia Information and Communication Technology Authority -ZICTA Corporate Communications Manager HANFORD CHAABA says the 11 point 2 million people using mobile money at end of 2022 is a 13 percent increase from 9 point 8 million in 2021.
Mr. CHAABA has told ZNBC News that even the amount of money transferred through mobile money has increased from 1-hundred and 69 billion kwacha in 2021 to 2-hundred and 95 billion kwacha last year.
This is according to the 2022 ZICTA Annual Market Performance Report for the Information and Communication Technologies Sector.
The report has also shown that the number of active mobile cellular subscriptions reduced from 20 million in 2021 to 19 point 8 million subscriptions at the end of 2022.
The 2 percent decline has been attributed to the significant number of sim cards which were deactivated due to efforts to curb the surge in fraudulent activities carried out on mobile cellular platforms.
ZNBC