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The Growth of Mobile Money in Africa and its Impact on Traditional Banking Systems

Millions of people who were previously shut out of the traditional banking system now have access to financial services thanks to mobile money, which has emerged as a disruptive innovation in Africa's financial landscape. More than half of the adult population in sub-Saharan Africa lacks access to formal financial services, according to the World Bank. By giving consumers a platform to use their mobile phones to send and receive money, pay bills, and access other financial services, mobile money... Read More

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Content Topics

Growth

Mobile

Money

Africa

Impact

Traditional

Banking

Systems

Forex

Posted: Apr 28 2023, 13:24

Author Name: financemagnates

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