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Interested in mobile? The mobile applications database contains details of projects from around the world which make social and environmental use of mobile technology in fields such as human health, economic empowerment, conservation, education, human rights and poverty alleviation.

Information for: Mobile Money in the DRC: Market Insights on Consumer Needs and Opportunities in Payments and Financial Services
Geographical area: Africa
Specific country: Democratic Republic of Congo (DRC)
Project category: Economic
Type of resource: Document
Organisation: GSM Association
http://www.gsma.com
Summary:

Given the potentially large user base and low penetration of financial services, the Democratic Republic of Congo (DRC) seems to hold significant commercial opportunity for mobile money. At 17.5%, the penetration of mobile exceeds the reach of financial service, with only 4% of the population having an account at a formal financial institution. However, the DRC market is complicated by security concerns, economic and political instability, minimal infrastructure, and a dispersed population. Given the challenging context, the purpose of this 2013 study was to better understand the competitive landscape and opportunity for mobile money in the country.

Archived resource: http://www.kiwanja.net/database/document/report_Mo
bile_Money_DRC_2013.pdf
Originating URL: http://www.gsma.com/mobilefordevelopment/mobile-mo
ney-in-the-democratic-republic-of-congo-market-ins
ights-on-consumer-needs-and-opportunities-in-payme
nts-and-financial-services

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