Bank accounts could encourage savings groups to save more, says a Tanzanian survey. Financial service providers (FSPs) should make offering group savings
accounts their first priority, if they want to build a sustainable, commercial relationship with this rapidly expanding market.
It is commonly accepted that poor people find value in remote digital payments propositions. A large number of Tanzanians have flocked to emerging mobile payment solutions, whether it is to send money home, facilitate informal business transactions, pay for bills, or buy pre-paid electricity.
The next digital finance frontier: Filling the accounts
