In 2014, the Ivorian government began allowing high school students to pay for their tuition electronically. Today, around 94% of the country’s 1.5 million high school students pay their tuition via mobile money, according to the ministry of education.The project was in part meant to check corruption, but it quickly turned out to be a stimulus for mobile money services, which a whopping 83% of the country now uses (link in French.) Orange (40.1%), MTN (34.9%) and Moov (25%) derive their profits mainly from transaction fees, with a fraction going to the state as taxes.Traditional banking services are losing their appeal amid this mass adoption of mobile money in the west African country. Eff
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