By Huawei advertorial
As mobile devices increase in popularity, individuals are embracing digital transformation more rapidly than most enterprises.
People are changing their habits, looking for new ways handling financial transactions, such as investing in stocks and managing portfolios.
However, financial services are not as common in some developing countries. In Ghana, for instance, many are ‘unbanked’, meaning they don’t have any proper bank account and are simply excluded from the financial system.
The Bank of Ghana estimates that some seven million people are unbanked, representing 22 per cent of the country’s population.
But while these people may not have access to appropriate financial services, but many of them have access to the internet, with online penetration in Ghana standing at around 64 per cent.
High mobile penetration leads to a new banking model
The country also has the highest mobile penetration in West Africa and already outperforms