As mentioned in previous articles, innovations, such as phone bill
payment solutions, have been revolutionising the fintech industry. Since these allow consumers to purchase products
on the Web, they help promote financial
inclusion. The increasing number of smartphone users has led to a new type
of settlement services called mobile money solutions. These give
unbanked and underbanked customers an avenue to access facilities through their
smartphones. In most cases, mobile
operators offer systems that allow their users to process
micropayments easily.
Mobile-money
solutions are increasingly popular
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