Mobile phone money transfer has evolved from the initial concept of transferring money from one individual to another to include other functions such as payment of utility bills, disbursement and repayment of loans, payment of salaries and deposit mobilization.
In this context, it is important to recognise the high levels of concentration in the SME bank lending market: the share of the three largest banks in new SME loans in the first quarter of this year was 93 per cent.