AFRICA
financial market , mobile banking is a must . In the continent today , there are around 100mn active mobile money accounts , used by one in 10 African adults , according to data from McKinsey .
“ In Mozambique , around 5mn people have bank accounts yet 18mn people have a mobile phone . Therefore , mobile banking is a key way to get to non-banking clients in the country ,” explains Monjane .
By all accounts , it seems Moza Banco has an expansive portfolio on offer , and the firm shows no signs of slowing down its innovation . For instance , the bank recently introduced self-service kiosks so that people can pay their taxes or pay for government services with
In 2014 , ‘ Global Banking and Finance Review ’ named Moza Banco as the fastest-growing commercial bank operating in
Mozambique in 2014 .
235 www . gigabitmagazine . com