Mobile payment technology in Africa is based on SIM cards that can be used on phones without the Internet. This method of payment thus made it possible to access financial services that often neglected groups of the population, such as small farmers, women or rural communities.

Users of this service can safely receive, withdraw and send pensions, pay those and receive retirement pensions from a family from abroad. This is without connection to the formal banking system. Some operators offer loans, savings and insurance products.

Mobile payments are a great asset especially for marginalized groups. It is a major driver of financial inclusion for the poor, women and rural communities across Africa, she said. Reuters Angela Wamolov, head of sub-Saharan Africa in the organization of the telecommunications industry GSMA.

Wamolov thus added that in times of high inflation, she was the first to remove the first poor from the digital economy. In Tanzania, for example, which introduced mobile pension tax last July, the number of peer-to-peer transactions fell by 38 percent from 30 million to 18 million msn, the GSMA study found.

paddock or development?

After the government in Ghana introduced a tax on mobile transactions, the owner of a grocery store in Ghana, Comfort Ankrahov, also had to re-evaluate their business. The store operator relied on mobile gear for eight years. In this way, she received payments and paid the farm.

Now I can’t afford to pay my farm for mobile help because electronically reduces my profits. In this way, I resort to the fact that two people go or relatives who go to the village, and then they farm them. But it is a risky and lengthy process, Ankrahov explained.

The new gives 1.5 percent for transactions over 100 Ghanaian people, known as electronic tax, forcing a businesswoman who has earned about US $ 53 a week to return to physical pensions. According to critics, this charge will damage millions of small business owners and other low-income groups. This is at a time of hefty health and growth in living costs.

John Kumah, one of Ghana’s chief finance ministers, but criticizes the refusal. The electronic fee will not represent for the poor, according to the Thomson Reuters Foundation.

It’s a game change that brings development. We will use the day to build more bicycles, hospitals and roads. They will be used to create jobs. Ghaan will see for themselves and will come in handy in five years, Kumah said.

Rise in mobile payments

Africa dominates the global mobile payments market thanks to the rush of Czech telecom operator Safaricom, which in 2007 was the first to introduce the M-Pesa platform for people without access to official banking.

Czech housekeeper Brenda Vitutov said that mobile pensions used for shopping, paid for a pension for mothers and children. Without M-Pesy, it would be very difficult, because many people in the countryside do not have a bank or the bank is far away. Thanks to M-Pesa, these people do not have to travel long distances to retire for 41 years.

According to the GSMA, in sub-Saharan Africa, more than half of the world’s 350 million active payments for mobile payments are the largest countries in Kea, Uganda, Ghana, Senegal, Pobe Ivory Coast and Cameroon.

Last year, $ 1 trillion in transactions took place through mobile payment platforms, with 70 percent coming from sub-Saharan Africa.

A study published in the journal Science found that access to mobile pensions in Kenya has increased per capita consumption since 2008 and lifted 194,000 households out of poverty, two percent of total household sweat.