VOICED : Mobile banking is revolutionising money

The video discusses the rise of mobile banking in Africa, highlighting that 28 countries, including the Democratic Republic of Congo (DRC), have more people using mobile banking than traditional banks. In the DRC, mobile banking has doubled the number of bank accounts and is set to become the primary payment method for state employees. Despite initial challenges with identification, mobile banking is a powerful tool against corruption, ensuring workers receive their full salaries without cuts from officials. Users find it easy and cost-effective, while the state benefits from identifying fictive employees. Mobile banking is revolutionizing financial transactions in the DRC and is expected to remain popular.

Which African country is mentioned as having a significant increase in mobile banking users?

• Kenya

• South Africa

• Democratic Republic of Congo

• Nigeria

What is the impact of mobile banking on traditional banking in Africa?

• It has led to higher interest rates

• It has increased the number of people using mobile banking over traditional banks

• It has no impact

• It has decreased the number of bank branches

What is one of the initial challenges faced in implementing mobile banking for state employees in the DRC?

• Poor network coverage

• Identification issues

• High transaction fees

• Lack of mobile phones

What is a benefit of mobile banking for state employees in the DRC?

• They can access international markets

• They can avoid taxes

• They receive payments faster

• They get higher salaries

How does mobile banking help in combating corruption in the DRC?

• By reducing transaction fees

• By identifying fictive employees

• By increasing cash transactions

• By providing loans to officials