Although mobile telephony financial service has its limitations as it is still widely used for payment based services only, current initiatives are being deployed to expand its use as a platform to deliver other financial products from mainstream banking. Ladies and Gentlemen: Overall, the level of access to formal financial inclusion in Tanzania is relatively low.
For instance, India success story in the information technology (IT) industry is anchored on the diaspora. India is also home to an increasing number of start-ups that have achieved unicorn status-enterprises valued at more than $ billion-that have been founded by Indian diaspora. The benefits from the diaspora should go well beyond the remittances.