Mrs Omokehinde Adebanjo, Vice President and Area Business Head, West Africa, MasterCard said the mobile phone was a crucial tool that would drive financial inclusion.
Adebanjo spoke on Wednesday at the Cashless Africa Expo 2017 held in Lagos with the theme: “Future of Finance”.
“More households in Africa own a mobile phone than has access to electricity or clean water.
“Nearly 70 per cent of the poorest of the population in developing countries own a mobile phone.
“Mobile transcends demographics, economic disparity and location and proven to be a crucial tool for driving financial inclusion,” she said.
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Source: Nigeria Today