Soap Operas and Cell Phones: Riding on technological channels to impact financial capability at scale
The South African soap opera, Scandal!, shows the promise of technology and out-of-the-box thinking to improve financial behaviors of households around the world. A World Bank report, summarizing the outcome of five years of testing and experimentation on financial education, confirms that there’s still a lot of work to do to understand the scope and limitations of different interventions and delivery mechanisms.
African countries like Nigeria, Kenya, and Tanzania have been predicted to rule the world in mobile money transactions, which include mobile banking and mobile wallet, in the next few years, going by the continent’s population and zeal for technology advancement.
- Sub-Saharan Africa