Mobile technology is top of mind when thinking about financial inclusion in Africa because the ability to digitally move value around opens up many opportunities, according to Dare Okoudjou, CEO of MFS Africa, a pan-African fintech company that develops value-added services for mobile wallets.
“Mobile provides access to financial services at a scale that was unimaginable before. There are more than 300 million users across the continent with some sort of digital store of value and identity,” he says. In Africa, this is mainly in the form of mobile money (m-money).
