Agent banking is more appropriate than mobile money for linking informal savings groups to banks, due to the difficulties around validation for the latter. Mobile money is, however, appropriate for individual accounts. Information is key in providing pathways for digitizing informal savings groups. Despite agent banking and mobile money being commonplace, savings groups are often
The Annual Provider Survey provides a comprehensive view of the state of the DFS market in Sierra Leone. Key challenges hindering the expansion and improvement of DFS in the country include regulatory barriers, limited digital skills of the target population and lack of interoperability between providers. Read more