How mobile money fosters financial inclusion

News published on Jan 10, 2024 @ 2:29 pm

In a significant move this summer, Kenya’s leading telecoms operator, Safaricom, extended its innovative mobile money service M-Pesa to Ethiopia, Africa’s second-most populous country, seen as the “last frontier” for digital banking. M-Pesa has been instrumental in incorporating tens of millions of unbanked individuals into Kenya’s financial system, empowering people to store and transmit money using their mobile phones.

Topic
Digitalization
Focus Region
Africa
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