payments into an account made digital payments

FIGURE 2.4.5 In Sub-Saharan Africa, nearly all adults receiving domestic remittance payments into an account made digital payments

INFLOWS USAGES

Borrowed formally 29%

Saved formally 55%

24%

of adults in Sub-Saharan Africa received a domestic remittance payment into an account Stored money using an account 73%

55%

of adults in Sub-Saharan Africa have an account

Source: Global Findex Database 2021. Note: Usages are shown as percentages of the 24 percent of adults receiving a domestic remittance payment into an account. Made digital payment(s) 94%

used their account to store money or for cash management. Just over half saved formally, while about one-third borrowed formally. A relatively small share of domestic remittance recipients in Sub-Saharan Africa made a digital merchant payment—around one-third—compared with the share of wage recipients in developing economies who went on to make digital merchant payments (79 percent) and even the share of wage recipients in Sub-Saharan Africa (52 percent). One explanation may be that recipients of domestic remittance payments live in more rural areas where the opportunities to make digital merchant payments are more limited.

Adults in Kenya used mobile money accounts to receive payments for the sale of agricultural products

Most adults in developing economies who were paid for agricultural products received their payment in cash. But, as discussed in section 2.1 on digital payments, Kenya—along with Mali and Uganda—stands out in