mobile phone operators boost finance inclusion in mozambique
Last Updated : GMT 00:17:40
Arab Today, arab today
Arab Today, arab today

Mobile phone operators boost finance inclusion in Mozambique

Arab Today, arab today

Arab Today, arab today Mobile phone operators boost finance inclusion in Mozambique

Mobile phone operators in Mozambique
Maputo - XINHUA

Mobile phone operators in Mozambique are playing an important role in financing inclusion, thanks to applications for money management through phones, said Mozambique's Central Bank Governor, Ernesto Gove, in Maputo on Monday.

With subscribers over 10 million nationwide, applications such as M-Pesa and M-Kesh operated by the two major mobile services providers in Mozambique, Mcel and Vodacom, will contribute to make Mozambique jump 2 percent next year in the number of people using finance services, said Gove.

"The expansion of banking services through mobile applications such as M-Pesa and M-Kesh has been facilitating significantly in the process for finance inclusion, expected to be at 25 percent by 2016," added Gove.

Clients are allowed through their mobile phones to pay a number of products they could only do at banks, such as transfer of money, purchase airtime among others.

The central bank governor said that this is not the only process driving finance inclusion in Mozambique, but there is also expansion of bank agencies in different districts of the country, currently at 65 districts out of 128 districts of the whole country.

"We are expanding our finance services in order to get much closer to the people, moreover, they also help small and medium companies by allowing them access to loans to invest in their businesses," said Gove.

The governor admitted that among the challenges is the long distance people are forced to walk to access banking services.

The central bank launched recently a television program in partnership with the Education Ministry and the public television station TVM, to disseminate information related to finance aspects, savings, interests among other things.

The information were released as part of the Global Policy Forum organized by the Alliance for Financial Inclusion, under the theme of "Inspiring Innovation to advanced inclusion."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mobile phone operators boost finance inclusion in mozambique mobile phone operators boost finance inclusion in mozambique

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mobile phone operators boost finance inclusion in mozambique mobile phone operators boost finance inclusion in mozambique

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday