How Mobile Money Will Change the Developing World

November 29, 2018

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MONTHLY ANALYSIS

Today, 31% of the global adult population doesn’t have a bank account. But in a certain part of the world – Africa – inclusion is not about bank account ownership. Moreover, since bank account ownership, access to ATMs, mobile banking, and internet banking are found to be inversely related to mobile money ownership, it’s possible that in developing markets with weak financial infrastructure, mobile money accounts will continue to play a significant role in democratizing financial services for the previously excluded population.

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