Africa, world champion in mobile payments
Mobile money has spread in Africa, making it the leading continent in this field. According to the GSMA report, 80 % of the continent is covered by this type of service. Mobile money enables financial inclusion and therefore social development of the region's unbanked populations, particularly rural people, women, entrepreneurs and traders in the informal sector.
In 2018, BANK OF AFRICA launched its Mobile Payment service " DabaPay ", a virtual wallet solution, backed by a bank account, a payment account or a prepaid card, enabling various banking transactions to be carried out in a secure, convenient and timely manner. These transactions include instant money transfer, depositing a sum of money via different channels, withdrawing money without a bank card, checking account balances and downloading statements of the operations carried out.