Financial development indicators (IMF, AfDB, World Bank and OECD) indicate that African financial systems are generally less developed compared to other regions of the world. It should be recalled that, in the aftermath of independence, most African countries inherited rudimentary financial systems. This state persisted until the 1990s in a number of countries. The savings rate remained very low despite the start of the growth period from the early 2000s.
Taking a look at women’s financial inclusion via mobile money – Barriers and drivers to the mobile money gender gap in Rwanda
This post was originally posted on the GSMA website. The widespread nature and affordability of mobile makes it the perfect vehicle to bridge the infrastructure gap that people in low- and middle-income countries often face.
This post was originally posted on the Alliance for Financial Inclusion (AFI) website. In Tanzania, access to financial services for the unbanked expanded drastically when convenient and relatively cheaper options became available to receive and send money through simple feature mobile phones. Four mobile network providers were in stiff competition in a market of 39 million registered mobile wallets (this r
This post was originally posted on the World Bank - People Move website. Over 65 million persons were forcibly displaced worldwide due to conflict and persecution at the end of 2015. Many of them remain displaced for a long period of time. Personal transfers sent to refugees and Internally Displaced Persons (IDPs) can contribute to livelihoods in protracted situations and increase self-reliance.