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.

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