Africa: The financiers testing the reach of mobile money
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Fintech

Africa: The financiers testing the reach of mobile money

Africa-market-seller-Getty-960.jpg
Photo: Getty

Many parts of Africa present formidable obstacles to financial inclusion. Euromoney speaks to some of the pioneers that are using technology to bring far-flung populations into the financial system.

Ugandan dairy farmer Margaret Bahigura knows precisely when her grandson Stone Atwine gets invited to speak at an African tech or banking conference or feels compelled to explain how his fintech, Eversend, works to a journalist, a potential financier or a central banker.

That’s because 87-year-old Margaret’s net worth increases a little bit more each time he does so. Atwine’s party piece is to demonstrate the flexibility of his fintech by sending her some cash through it from wherever he is speaking. These Covid days, that tends to be mostly from Paris where Atwine has based Eversend under a French government fintech support scheme.

So

Topics

Eric Ellis headshot.jpeg
Eric Ellis
Eric Ellis has covered Asia for Euromoney since 2006. He is a former southeast Asia-correspondent for Fortune Magazine and Time, and an ex-Asia correspondent for Australia’s economic and business newspaper the Australian Financial Review.
Gift this article