Mobile Banking News
Digital Finance Week was held from September 19th to 22nd, 2016 at the African Development Bank's CCIA Building, in Abidjan, Côte d'Ivoire. It included a mix of presentations, panel discussions and case studies covering policy and regulatory issues as well as the more practical aspects of Digital Financial Services.
The first AfDB Digital Finance Week (DFW) took place from September 19-22, 2016 in the CCIA Building in Abidjan.
More than 1.6 billion people can be reached by these technologies.
This is the first country in the world to do so.
Data sharing between Telcos and Banks is vital for mobile money growth
SunTrust Bank will distribute its products solely via internet and mobile phones.
With over 40 percent mobile phone users, mobile money provides financial services to the unbanked populace.
The innovations will ensure more positive shifts in financial services in Nigeria
Financial transactions involving the movement of physical cash is declining in Ghana as 16.4 million mobile money accounts are registered.
The rollout is taking place in Tanzania, Botswana, Ghana, Kenya, Nigeria, Uganda, Zambia and Zimbabwe.