VOICED : Ethiopia banks on mobile money for financial growth

The video discusses the potential of mobile money, specifically the Ambyr service, to enhance financial growth in Ethiopia. Despite the country's rapid economic growth, its banking system remains underdeveloped. Mobile money offers a convenient, safe, and reliable alternative to traditional banking, reducing bureaucracy and increasing accessibility. The service is gaining popularity, although it faces challenges in a tightly controlled economy. Comparisons with Kenya's successful mobile money system highlight the potential for significant change in Ethiopia.

What percentage of people in Ethiopia hold a bank account?

In what ways is the service described as more convenient than traditional banks?