Day: December 19, 2018

Mobile money a vehicle to financial inclusion in Mozambique

Mobile money a vehicle to financial inclusion in Mozambique   Access to financial services in Mozambique is still limited, exacerbated by existing low literacy levels, especially in rural areas. Twenty percent (20%) of the country’s adult population have access to banking and financial services made up of 40% of people living in urban areas and 10% of people living in rural areas (FINSCOPE Study, 2014)1. The government of Mozambique has sought to address financial exclusion through the National Financial Inclusion Strategy (2016-2022)2, which aims to increase the accessibility of financial services to the