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Mobile phones key to financial inclusion

Mobile Phone financial Inclusion Africa

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.

For more on this story visit the following link: Mobile phones key to financial inclusion

Source: Nigeria Today

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