The Economic Premise series summarizes good practices and key policy findings on topics related to economic policy. They are produced by the Poverty Reduction and Economic Management (PREM) Network Vice-Presidency of the World Bank.
(World Bank, Washington, DC, 2010-08)
Maimbo, Samuel; Saranga, Tania; Strychacz, Nicholas
The use of mobile banking is an
increasingly important component of national and regional
economic development in Southern Africa. Mobile banking can
help bring the large unbanked population into the formal
financial sector, and can facilitate cross-border trade by
easing the difficulty for small businesses and traders to
make financial transactions. For mobile banking to reach its
full potential in Southern Africa, however, African
governments must establish more efficient regulatory
frameworks and implement well-designed pilot programs to
gain more insight into the challenges facing a full rollout
of mobile banking.