Digital systems can improve traditional banking methods
Traditional banking services cannot compete with the convenience of instant cash payments. PHOTO | FILE
We’ve read articles and blogs posts about M-Shwari, the innovative Safaricom-Commercial Bank of Africa product that allows mobile money users to remotely open bank accounts, earn interest on their savings and access credit instantly.
We’ve seen traditional financial institutions rushing to enter into strategic partnerships with mobile network operators, in an effort to replicate this success.
