The availability of acquiring microcredits through the services of Mobile Money will be the next “leap” for financial services, according to Pedro Castro e Silva, director of the National Bank of Angola (BNA).
The manager who spoke at the thirteenth edition of “Tech Trends“, sponsored by the international consultancy Deloitte, said that the path to national digital literacy is to grant microcredits via Mobile Money services.
BUT: Mobile Money a friend for Agriculture and rural population
Still in his approach and based on BNA data, Pedro Castro e Silva said that apart from the banks that have general licenses, there are just over seven Mobile Money institutions and/or Applications licensed by the central bank, among which, Unitel Money, e-kwanza, Pay pay, Guita, which the BNA provides the necessary support for the structure of the business and sometimes in the relationship with investors, but end up being obliged to use the entire universe of data and protection of a bank, thatcan be seen as a custodian bank”, he said.
The event also served to reveal that Angola currently has more than 1 million Mobile Money accounts, to the detriment of the 5 million people who have at least one bank account.
