Mobile money usage explodes
Wednesday, October 11, 2023 | 1410 Views |
Leaps and bounds: Mobile money transactions and values have risen exponentially over the past five years PIC: MORERI SEJAKGOMO
In its Financial Access Survey released last Tuesday, the IMF said the number of mobile money accounts per 1,000 adults had grown from 1,115 in 2017 to 2,973 in 2022.
The growth in mobile money usage is also clear in the value of mobile money transactions over the same period, which has grown from 3.4 percent of GDP in 2017 to nearly 14% of GDP in 2022.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...