Pandemic Spurs Africa’s Mobile Telcos to Ramp Up Banking Bid

“When COVID-19 hit Ivory Coast, Bonaventure Kra, who works at an import-export business, began to worry. Handling hard cash all day was a risk. Queuing in crowded bank branches exposed him to infection. Then, in the midst of the pandemic, French telecommunications giant Orange ORAN.PA launched an entirely digital bank – its first full banking venture in Africa…Africa’s mobile phone operators are ramping up plans to bring banking to millions of Africans, in some cases for the first time, after the coronavirus crisis caused a surge in use of digital financial services.”

Pandemic Spurs Africa’s Mobile Telcos to Ramp Up Banking Bid
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