Commercial Bank of Africa Targeting Rwanda’s Mobile Money Market

Wednesday, October 5, 2016

Commercial Bank of Africa (CBA) is targeting to enter the Rwandan market as it seeks to grow its foothold in the region.

The bank said on Tuesday that it will be using its mobile money strategy to net more customers. The bank which has managed to grow its mobile money customers in Uganda to more than 600,000 is confident it will succeed in Rwanda.

The Kenyatta family owned bank is keen to cash on in the growing trade in the region’s more than 130m people. Its Kenyan counterparts have also cemented their dominance in the region.

Source: The Exchange (link opens in a new window)

financial inclusion, fintech