In its Financing for Sustainable Development Report 2019, the UN found that although mobile money and financial technology had produced great results in some African and Asian countries, the success was far from consistent across the world. It specifically pointed to low uptake levels in Latin America and the Caribbean.
“The picture is not uniform across countries,” it stated. “Mobile money has made a significant impact in some countries outside of sub-Saharan Africa, such as Bangladesh and Mongolia, but this is not reflected in broader global trends.”
“Of the 1.7 billion adults in the world that do not have access to financial services, about 1.1 billion have a mobile phone. Mobile phones could continue to strengthen financial inclusion, provided the necessary complementary investments and policy actions are made.”
Read More.. Source Mobile World Live