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Fintech: the next frontier in emerging markets
There are now 866 million registered mobile money accounts worldwide – with more than three-quarters of these accounts in Sub-Saharan Africa and South Asia. Person-to-person transfers and airtime top-ups drove initial adoption, followed by the rise of bill payment solutions and bulk disbursements. The commercial landscape is now shifting once again, with fintechs creating new solutions to access more advanced financial services.