Mobile Money: The Key to Financial Inclusion in Emerging Marketsby@adebola
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Mobile Money: The Key to Financial Inclusion in Emerging Markets

by Adebola Adeniran10mFebruary 15th, 2022
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Mobile Money is the term used to refer to the technology that facilitates the movement of money between individuals and businesses who may not have a Bank account domiciled at a traditional bank. 40% of Nigerians aged 15 do not own a bank account and thus excluded from formal financial services. Mobile Money transactions can be completed in many ways with the use of a mobile device to move money to individuals or businesses who have a mobile phone number and are on the same telecom network’s network. In Nigeria, thanks to NIBSS, inter-bank transfers are completed nearly instantly.

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Adebola Adeniran HackerNoon profile picture
Adebola Adeniran

Adebola Adeniran

@adebola

RoR and JavaScript Engineer. Chief of Staff @Moni.Africa

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Adebola Adeniran@adebola
RoR and JavaScript Engineer. Chief of Staff @Moni.Africa

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