powered by Zoom, Mozambique
In the last years, Mozambique has come to regard financial inclusion as a priority. The government has been pushing the “One Bank, One District” program as well as the “National Financial Inclusion Strategy” (2016-2022), sending a strong signal of commitment. The private sector has shown great entrepreneurship and initiative, tackling the topic from different angles. The central bank has nurtured the growth of start-ups in the fintech sector through the Regulatory Sandbox incubator, introducing mobile money solutions. Some individual banks have pioneered the “agency banking” model, reaching out to communities and opening bank accounts on their behalf. Thanks to these efforts combined, 32% of the adult population now has a bank account and 50% uses mobile money. And the common denominator behind all this success is technology, which has enabled players to extend their reach beyond their physical limits.
Never has finance been more inclusive, but if the ultimate goal is to improve quality of life, there is still a long way to go. Through this digital roundtable, The Business Year aims to create a platform for dialogue between the main actors from the private sector who are pushing the financial inclusion agenda. We want to showcase the achievements and shortcomings of the solutions that have been explored so far, defining what the goal of financial inclusion entails and laying down a roadmap for the future of the sector.
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