Mobile money can serve as a gateway to financial inclusion, it enhances the impact of international remittances on development. Digital platforms enable a significantly lower cost to serve and increased cross-selling of products in emerging markets while smartphone adoption and internet penetration are fuelling the expansion of e-commerce.

According to GSMA, mobile money has become the leading payment platform for a digital economy in emerging markets. In Africa, the spread of mobile money beyond is happening within Sub-Saharan Africa. In 2017, Western and Middle Africa were the …read more