Contribution of Mobile Money Services to Financial Inclusion
Jun 26

Contribution of Mobile Money Services to Financial Inclusion

A new study finds that mobile money has a positive and direct contribution to financial inclusion in Somalia. The welfare of the financial product is the key factor that contributes to the financial inclusion, usage of the financial services, quality of the financial products, and access to the financial service all have a positive and significant relationship with financial inclusion. Mobile money is also positively linked to the components of financial inclusion as it prompts the usability of the financial products as well as their welfare benefits. Researchers found that the gap between the genders is very minimal and that women have the same privilege as men in the context of financial inclusion. Read here the full article.

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