In a physical wallet, cash – central bank money – can easily be distinguished from a card as a means of payment. In a digital wallet, it will not be that obvious what is “behind” a transaction – i.e. what is the source that makes a payment happen.
The aim of AMPI is to share experiences and develop policy solutions for extending financial inclusion to the Continent’s large unbanked populace through the use of Mobile phone financial services. Ladies and Gentlemen: Allow me now to briefly share with you the Central Bank of Kenya’s role in propelling financial inclusion through mobile phone financial services.