Mobile Money Is Driving Financial Inclusion, but Beware the Risks
By EsqSocial Corporation 07/06/21
Mobile money products and services have taken off in many parts of the world, to the extent that in some regions they have become more widely used than traditional banking. For example, in five out eight countries in the Southern African region, roughly half of individuals have subscribed to a mobile money service—many of whom do not have a bank account. Similarly in India, the number of mobile money accounts grew by 95% between 2014 and 2019. In the Middle East, fintech is growing by 30%...
By: FTI Consulting