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  Mobile banking in Sub-Saharan Africa 

OeEB provides Advisory Programmes funds to two microfinance institutions in Rwanda and Nigeria for the implementation of mobile banking services.

Due to the long distances to bank branches, poor people in rural areas in Sub-Saharan Africa have only limited access to banking services.


Together with IFC, OeEB provides Advisory Programmes funds to two microfinance institutions in Rwanda and Nigeria for the implementation of mobile banking services. Supermarkets and gas stations serve as the interface between banks and customers.


The population this way has the possibility to open mobile bank accounts and to e.g. buy phone credit or electricity, withdraw cash, send money, make savings deposits or pay back loans via their mobile phone.



Contact

Oesterreichische Entwicklungsbank AG

Tel. +43 1 533 12 00-0

Fax +43 1 533 12 00-5252

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