Africa’s unbanked success with mobile money

MyFy
Jan 20, 2022

--

The success of mobile money in Africa is due to the fact that it is accessible, affordable, and convenient.

The informal sector in Africa has been a major obstacle to financial inclusion. Mobile money has provided an alternative way for people to access financial services without having to go through the formal sector.

Mobile money also offers a more affordable option for consumers who are not able to afford traditional banking services.

--

--

MyFy

Arming small business owners with the right tools. Start, Finance, and Run your Business at myfy.me