Mobile money revolutionizes financial inclusion in Zimbabwe, reaching millions.
Mobile money has greatly increased financial inclusion in Zimbabwe by allowing millions of people to access financial services through their mobile phones. The FinScope survey showed that 45% of adults in Zimbabwe use mobile money, with 65% finding it convenient and 36% considering it cheap. This technology is especially helpful in rural areas with few bank branches. While some people still don't use mobile money due to poverty, it remains a valuable tool for expanding financial inclusion in Zimbabwe and other developing countries.