Cash Still Dominates Remittances In Southern Africa, Research Shows

By  |  July 15, 2012
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Roughly 31 percent of adults in sub-Saharan Africa rely on cash to send or receive money, new research supported by the Bill and Melinda Gates Foundation estimates.

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    Just nine percent use mobile or electronic payments exclusively, while another 13 percent use a combination of electronic payments and cash. The other 47 percent of those surveyed report not making payments of any kind, Finextra says.

    The survey is based on 1,000 responses from adults living in Botswana, Congo, Kenya, Mali, Nigeria, Rwanda, Sierra Leone, South Africa, Uganda, the United Republic of Tanzania, and Zambia.

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