African banks, telecom companies team up to push mobile banking

12/17/2012 | PCAdvisor.co.uk (U.K.)

Banks are now working with telecom companies in markets across Africa to promote banking via mobile devices. Mobile banking initiatives also include the ability to borrow funds. "The wind of change and financial inclusion is finally blowing in Africa. We are likely to see so many of the unbanked people now being embraced by banks," said Edith Mwale, telecom analyst at the African Center for ICT Development.

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