Updated: Feb 8
Delivering financial services could benefit millions of people by spurring inclusive growth.
This growth could add $15 billion to Ethiopia's GDP and 3 million new jobs by 2025.
According to a report by McKinsey Global Institute, the economic potential in Ethiopia is especially large, given the low levels of financial inclusion and digital payments today. The opportunity to accelerate inclusive growth could be addressed rapidly by using mobile technologies to provide digital financial services for all.
Digital payments and financial services are part of the vital infrastructure of a modern economy, enabling individuals, businesses, and governments to transact cheaply and efficiently.
Infographic: McKinsey Global Institute, 2016.