Digital Finance Services

46. Knowledge Check

What technology enables users without internet access or smartphones to perform basic mobile banking?

Comments

  1. Cohort 20
    Certified Digital Finance Access Specialist (CDFAS)


    Great overview digital financial services have truly leapfrogged traditional banking in many African communities, reaching people once excluded from the formal system. With my Information Systems and teaching background, I'm especially keen to explore how we can pair this innovation with financial capability building helping people use these tools both effectively and safely. Looking forward to the cybersecurity and digital identity modules ahead.

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  2. Usman Ileanwa Fredrick
    Certified Digital Finance Access Specialist (CDFAS)
    The current Technology arounding Banking system is ability for faceless transaction. what that means is no interference of human or staff engagement. Digital finance is a highly Fintech operation evolving in the world of Technology today. Banking activities are seemless in transactions via the innovation of mobile app, QR, Instant card and Web transaction.

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  3. Wirnkar Dian Rosel Simo
    Cameroon
    Cohort 8
    Certified Digital Finance Access Specialist (CDFAS)
    From this module I learned how money has continuely been changed from one system to the other. It began as with trade by barter and now we operate mobile money. It just shows how technology has been incorporated in the financial sector. I learned too how Technology helps to speed up transactions a d safeguard people's earning. It provides a means for faceless transactions which is an important milestone in our money history.

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  4. JONATHAN BOTTOMAN
    MALAWI
    COHORT 8
    CERTIFIED DIGITAL FINANCE ACCESS SPECIALIST (CDFAS)

    Digital Financial Services encompass a broad range of financial products accessed and delivered through digital channels like mobile phones and the internet.

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  5. THELMAH KABAMBA πŸ‡ΏπŸ‡²
    COHORT 27
    CERTIFIED DIGITAL FINANCE ACCESS SPECIALIST

    This idea that banking is now an action rather than a place really matches what I have seen in my own life. Running Mwelwa's Beauty Heaven, I rely on digital financial services daily, from receiving payments to managing my own savings, all without ever needing to step into a bank. My research in Chalala Township also showed how much this shift has changed everyday life for people who previously had to travel long distances just to access basic financial services. It's a good reminder of how far reaching this evolution has been.

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    Replies
    1. Hanif chilimba πŸ‡²πŸ‡Ό
      Cohort 33
      Certified Digital finance access specialist

      Banks adopt mobile banking as a way to create a seemless transaction without physically going to the branch.

      Delete
  6. Patience soko Malawi
    Cohort 23
    Certified digital finance access
    Mobile money turned basic feature phones into secure digital wallets, bypassing the need for physical bank branches.

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  7. Name: Florence Liviza
    Country: Zambia πŸ‡ΏπŸ‡²
    Certified Digital Finance Access Specialist
    Summary of What I've learned:
    Money has evolved from Traditional barter system to a modern digital finance.
    This has been due to incorporation of technology and digital tools like mobile money apps,Fintech and digital Banking services into the Financial systems.
    Banking and saving has become timely and easier because of digital financial Inclusion.
    Nearly everyone with a mobile phone has access to Financial services at their dispensation.

    ReplyDelete

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