Mobile banking

By IndepthAfrica
In Djibouti
Jan 12th, 2013
0 Comments
18 Views
Without much deviation from its draft state, the long awaited directive that will allow banks and Micro Financial Institutions (MFI) to provide transaction-based mobile and agent banking services was issued, on January 1, 2013. Now clients of banks and MFI’s, offering mobile banking services, w...
By IndepthAfrica
In East Africa
Nov 16th, 2012
3 Comments
25 Views
Ethiopia is one of the last countries in Africa to permit mobile banking. Mobile banking has proved to be profitable in the developing world, where many people still do not use banks. Earlier this year, the World Bank reported that seventy-five percent of the world’s poor are “unbanked.” That is abou...