DRC: Only 4% of the population uses mobile banking services

Sep 08, 2015

Elan DRC has launched an awareness campaign to boost their usage.

A study conducted by Elan DRC, a private sector development program funded by the British cooperation, reveals that only four per cent of Congolese consumers are using mobile banking.

According to the study, users of mobile money "are bank account holders with limited financial resources and living in urban environments."

The organisation has launched on September 3rd - in collaboration with the telephone operators - an awareness campaign to boost mobile banking usage in the Democratic Republic of Congo (DRC), Radio Okapi reports.

Mobile banking was introduced in the country in 2012 through Ecobank and Procredit Bank.

The implementation of these services was made possible through the introduction of a regulatory framework and the signature of an agreement related to the supervision of electronic money activity in DRC.

According to the Congolese Banking Association, six million Congolese have access to a telephone out of a population estimated at 60 million inhabitants.

Jean-Claude Masangu Mulongo, BCC Governor, told Le Potentiel newspaper that mobile banking "will significantly raise the level [of] access to banking services in the country".

He believes that this new technology will increase the number of bank accounts to 15 million within two years, which is ten times more than today.ADNFCR-2976-ID-801799832-ADNFCR