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CommentSeptember 26 2016

Better integration will move mobile money up the value chain

Mobile money accounts are growing in numbers but a large proportion of them remain dormant. More must be done to integrate the e-wallet model with conventional payment systems.
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The number of registered mobile money accounts has risen by 31%, to 411 million, in the past year, according to the Groupe Spéciale Mobile Association’s (GSMA's) 2015 state-of-the-industry report.

Yet despite this groundswell in numbers – mainly as a result of financial inclusion programmes – many mobile accounts lie dormant. GSMA research shows that just under one-third (134 million) of accounts were active in December 2015.

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