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Clarence Blay: 'Ghana has 140,000 mobile money agents versus 1,300 bank branches'

Vieira, Helena (2017) Clarence Blay: 'Ghana has 140,000 mobile money agents versus 1,300 bank branches'. LSE Business Review (30 Oct 2017). Blog Entry.

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Abstract

The most famous mobile payments system in Africa, MPesa, allows users to make payments by sending text messages from simple mobile phones, not necessarily smart ones. The idea has started a new wave of mobile payments and transfers in the continent, and governments are taking steps to help this ingenious solution usher in a new era of financial inclusion for their countries. Clarence Blay, who manages oversight and risk assessment for the Bank of Ghana’s Payment Systems Department, says that the Ghanaian government is now working on a national biometric identification programme coupled with a new national address system, which he believes will make it much easier for people to obtain credit, insurance and savings services. “Ghana has almost 140,000 active mobile money agents versus about 1,300 bank branches,” he told LSE Business Review managing editor Helena Vieira during the Mobile Money and Financial Development Conference at LSE.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/businessreview/
Additional Information: © 2017 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HE Transportation and Communications
T Technology > T Technology (General)
Sets: Collections > LSE Business Review Blog
Date Deposited: 16 Nov 2017 09:27
Last Modified: 25 Jul 2019 23:23
URI: http://eprints.lse.ac.uk/id/eprint/85483

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