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.

What challenges were mentioned regarding the implementation of mobile banking?

In what way has mobile banking helped in fighting corruption in the Democratic Republic of Congo?