Thanks for the insights @Dapo.
It’s increasingly easier to open accounts these days as several banks now allow customers to open functional accounts without ever stepping foot in a branch or having internet access through their USSD banking applications
All you need is a feature phone which a large fraction of the target market has access to. So my thought is that with enough drive, having a largely unbanked population is something that can be improved on over time
I know things might not be this simple though. And I don’t know the perfect conditions for maximum adoption of the product. But all I’m expressing in my post is my desire to see a future where there’s less friction in transacting at the lower levels and I think this solution is a good proposal. Challenges in the way of adoption can be tackled incrementally.
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