Mobile money is transforming financial access in Tanzania

Wednesday, April 9, 2014

Tanzania had envisioned through the National Financial Inclusion Framework of 2011 to have 50 per cent of the adult population having access to financial services by 2016, but it has so far managed to surpass the target, according to a recently released FinScope Tanzania 2013 report.

Funded by the Financial Sector Deepening Trust (FSDT), the survey shows that 57 per cent of Tanzanians above 16 years old have access to financial services at present, up from just 27 percent in 2009 when the previous survey was conducted.

Source: Daily News (link opens in a new window)

digital payments, financial inclusion, mobile finance