Digital Access: The Future of Financial Inclusion in Africa
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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.
This publication brings to the fore the voices of Africa’s consumers, as well as those of financial services industry leaders. We believe that they offer deep and thoughtful analysis for everyone working in this area of international development.
|Author||Ann Miles; Lindsay Wallace; Ruth-Dueck Mbeba; Sebastian Molineus; Martin Holtmann; Aliou Maiga; Riadh Naouar|
|Year of Publication||2018|
|Publisher||IFC, MasterCard Foundation|
|Number of Pages||97 pp.|
|Region / Country||Africa /|
|Primary Language||English (en)|
|Keywords||Access To Finance, Mobile Banking|