Sat, 24 Feb 2018 09:56:31 +0000 By PRINCE CHIBAWAH ACCESS to digital financial services (DFS) in Zambia remains largely unexploited yet it remains key to poverty reduction, the United Nations Capital Development Fund (UNCDF) has said. It is estimated that more than half of the population in Zambia has no access to DFS. UNCDF has however partnered with the private sector to support the Zambian government to expand DFS in the country especially in rural areas. In a statement obtained by Daily Nation, under its programme, Mobile Money for the Poor (MM4P), UNCDF is working with banks, mobile network operators, regulators and users of DFS in challenging markets to help reach millions of additional customers who are currently financially excluded. In doing so, MM4P hoped to prove that these services can be provided responsibly, at a reasonable cost, by sustainable institutions in a well-regulated environment. “The most promising development in decades is the innovative use […]
