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.

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