Is going mobile the solution to financial inclusion? Financial inclusion is a big issue in South Africa, where 11 million people remain unbanked and outside of the formal economy. With extremely limited access to both financial services and financial education, many South Africans are unable to take charge of their finances and manage them effectively. This “double whammy” leaves many citizens vulnerable to poverty traps and unregulated lenders, without the expertise required to make savings and build a brighter financial future. Although economic inequality is endemic in the country for…
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