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Courtesy photo Alliance for Financial Inclusion / CenBank Governor Rogério Zandamela closes the 5th AMPI Leaders' Roundtable, on Friday 12 May 2017, in Maputo
The Governor of Mozambique’s Central bank, Rogério Zandamela has said the African continent reached a record 277 million accounts on various mobile phone network platforms, accounting for 55 percent of total mobile accounts worldwide. According to state-controlled weekly Sunday paper, Domingo, Zandamela presented data from the Groupe Speciale Mobile Association (GSMA), the global association of mobile telephone networks at a meeting in Maputo which ended on Friday.
He said Africa had around 100 million accounts registered on the various mobile network platforms, shortly before formalisation of the African Mobile Financial Services Initiative (AMPI), by the end of 2012.
According to Zandamela, following the progress made, statistics indicate that more than 40 percent of the adult population in several countries on the continent, particularly East Africa, where electronic money has a longer history, actively uses this form of money.
“This information encourages us to remain at the forefront of creating an appropriate environment for the performance of digital financial services companies,” he said, noting that the aim is in line with the recommendations of the fourth AMPI Round Table which was held in Dakar, Senegal last year.
The Maputo meeting was debating the fifth Round Table of Leaders of the AMPI, whose motto is “Driving Changes in Africa for a Financial Inclusion Based on Innovation.
Zandamela told the two-day meeting that in recent years there has been a diversification in the use of electronic money in Africa, from the most common transactions, such as purchases of reloads, transfers, deposits and withdrawals of physical currency to somewhat more sophisticated transactions.
According to the governor, transactions consist of the payment of bills to service providers such as water and electricity, receipt or payment of wages and the various goods and services in the daily lives of the African population, including the purchase of treasury bonds.Source: APA