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Financial InclusionMobile money

Mobile money boosts Sustainable Development Goals in Africa

eServGlobal Africa Com

The GSMA has recently published a report addressing the impact of mobile money, mobile connectivity and IoT on the 17 Sustainable Development Goals set by the UN last year.

Below are a few examples of how mobile money has helped to tackle each of the Sustainable Development Goals.

  1. Clean Water and Sanitation & Affordable and Clean Energy: By providing an affordable and convenient means of payment for those with irregular incomes, the pay-as-you-go model expands the addressable market for energy and sanitation services significantly to reach part of the 40 per cent of people in Sub-Saharan Africa who live on less than one dollar per day.
  2. Zero Hunger: Mobile financial services help farmers to increase the productivity of their crops through the purchase of equipment, upgrades and agricultural inputs. In Sierra Leone, Airtel partners with the Ministry of Agriculture to provide mobile money to farmers in the district of Kenema.
  3. No Poverty: Research in Kenya shows that M-PESA users were able to fully absorb large negative income shocks … without any reduction in household income whereas statistically comparable non-users saw consumption fall on average 7 percent.
  4. Quality Education : This year, 99.3% of Côte d’Ivoire’s 1.7 million secondary school students paid their annual school registration fee via mobile money. This initiative has resulted in driving cost efficiencies, increased operational efficiency, and transparency for all beneficiaries.
  5. Decent Work and Economic Growth : Mobile financial services can play a critical role in boosting access to credit services in developing countries. For example, in the Kopo Kopo Grow model in Kenya, any business accepting Lipa na M-PESA or credit card payments is eligible to apply for an unsecured cash advance.

To discuss further how mobile financial services can boost the global Sustainable Development Goals, please contact us on this link to arrange a meeting at Africa Com, hall 4 stand 4G.

Further reading :

Mobile Economy to help achieve sustainable development goals

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