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Mobile banking in Sub-Saharan Africa

Sector: Power Generation (CCGT) • Location: Sub-Saharan Africa

Source: Die Oesterreichische Entwicklungsbank AG (OeEB)

Project
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Due to the long distances to bank branches, poor people in rural areas in Sub-Saharan Africa have only limited access to banking services. Together with IFC, OeEB provides technical assistance funds to two microfinance institutions in Rwanda and Nigeria for the implementation of mobile banking services. Supermarkets and gas stations serve as the interface between banks and customers. The populatio

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The project “Mobile banking in Sub-Saharan Africa” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Sub-Saharan Africa. Taiyo aggregates data on it from Die Oesterreichische Entwicklungsbank AG (OeEB).

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Participants

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Description

Description

Due to the long distances to bank branches, poor people in rural areas in Sub-Saharan Africa have only limited access to banking services. Together with IFC, OeEB provides technical assistance funds to two microfinance institutions in Rwanda and Nigeria for the implementation of mobile banking services. Supermarkets and gas stations serve as the interface between banks and customers. The population this way has the possibility to open mobile bank accounts and to e.g. buy phone credit or electricity, withdraw cash, send money, make savings deposits or pay back loans via their mobile phone.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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