Vritti December 2018

10 vritti The Digital Financial Services Guide December 2018 INCREASING SMARTPHONE PENETRATION IN AFRICA: TREMENDOUS SCOPE TO REVOLUTIONIZE THE MOBILE MONEY MARKET — Puneet Takyar Smartphone adoption (Percentage of connections) 100% 90% 80% 70% 67% 78% 55% 60% 79% 59% 50% 40% 34% 30% 20% 2017 2025 10% 0% Source: GSMA Intelligence SUB-SAHARAN AFRICA DEVELOPING MARKETS GLOBAL