Mobile Banking in Africa: Taking the Bank to the People
Dec 01, 2010 | P. Ondiege | AfDB
This brief seeks to examine how the boom in mobile phone usage in Africa can be tapped to accelerate the provision of financial services with illustration from Kenya and South Africa. It illustrates how mobile phone innovation is providing ebanking services to the ordinary people and offering a diverse range of financial services, especially to the unbanked people. It further discusses how access to this new technology may promote financial sector deepening in the continent.