Kenya and 8 other countries in Sub-Saharan Africa have more mobile money accounts than bank accounts

As of June 2013, 98 million (48%) of the 203 million registered mobile money accounts globally were in Sub-Saharan Africa (SSA) – East Africa holding the lion’s share of SSA’s total and accounting for 34% of the global total. In addition, 9 African countries including Kenya, Tanzania and Cameroon have more mobile money accounts than bank accounts – championing financial inclusion by providing financial services to more people than traditional banks have been able to reach. Read more here…

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