BoZ explains importance of innovation in financial sector
Published On March 21, 2023 » 18 Views» By Times Reporter » Business, Stories
By KETRA KALUNGA –
BANK of Zambia (BoZ) Governor Denny Kalyalya says technology and innovation in the financial sector has played a major role in raising the level of financial inclusion in the country over the last five years.
Dr Kalyalya said according to the FinScope 2020 survey, overall financial inclusion increased to 69.4 percent, from 59.3 per cent in 2015, while formal financial inclusion rose significantly to 61.3 per cent from 38.2 per cent.
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