Taxing mobile money in Africa creates exclusion costs exceeding revenue

Taxing mobile money in Africa can create financial exclusion costs exceeding tax revenue, according to GSMA. This undermines financial inclusion by making mobile payments less accessible, which impact

Taxing mobile money in Africa can create financial exclusion costs exceeding tax revenue, according to GSMA. This undermines financial inclusion by making mobile payments less accessible, which impacts security through reduced financial resilience and sustenance via limited ability to pay for essentials. The source is brief and details remain with GSMA.

Source: Google News