Digital Access: The Future of Financial Inclusion in Africa

IFC, MasterCard Foundation | IFC

The launch and growth of digital financial services has led to an unprecedented increase in the number of people enjoying access to formal financial services. Today, Africa is home to more digital financial services deployments than any other region in the world, with almost half of the nearly 700 million individual users worldwide. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neighborhoods where no bank had ever established a branch. This is, quite literally, banking at your fingertips – for everyone. It is revolutionary.

Categories:
Access to Finance, Mobile Banking
Pages:
97
Year of publication:
25.05.2018
External Document: