SmartPhones Are Driving a Surge in Africa Bank Accounts: Chart

Date:

An increase in the number of people using mobile phones to bank is boosting financial inclusion in sub-Saharan Africa, where 43 percent of adults had an account last year, compared with 34 percent in 2014. The World Bank’s Global Findex Database shows that regional disparities abound. Financial inclusion in Kenya, where two-thirds of people over 15 have an account linked to their mobile phones, reached 82 percent in 2017, but it fell 5 percentage points to 39 percent in Nigeria, where 5.6 percent of adults have embraced the technology.

Thank you for reading this post, don't forget to subscribe!

— With assistance by Paul Wallace

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

Access Holdings to pay N1.80 as final dividend to shareholder

March 28, 2024. Azonuchechi Chukwu. Access Holdings has revealed plans to...

Police gun down two notorious bandits in Benue

March 28, 2024. Azonuchechi Chukwu. Men of Operation Zenda, a Joint...

Army declares eight wanted in connection with the k!lling of its officers in Okuama

March 28, 2024. Azonuchechi Chukwu. The Nigerian Army has declared eight...

Naira Appreciates Against Dollar at the NAFEM Window

March 28, 2024. Azonuchechi Chukwu. The Naira’s euphoric appreciation against the...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading