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Afghanistan’s efforts to promote mobile money transfer

in Afghan Business

Afghanistan’s efforts to promote mobile money transfer

Expansion of banking services through mobile can provide more conveniences to the people in terms of commerce transactions, tax and loan payments, purchases and other areas.

“Money transfer via mobile can allow people to access financial services easily,” said Ms. Brooke Isham Deputy Executive for USAID.

Ms. Isham added that the common goal of building this system is to promote competition among young Afghans and the 8 young Afghans who initiated better and innovative ways of using this system will be awarded.

“The new 8 methods of transferring money via mobile will help infaster payments of taxes, distribution of loans, payment of college fees, payments of passport expenses, purchase of grocery and construction materials. This is a great achievement for Afghanistan. Mobile money transfer can provide better facilities for millions of Afghans.”

Currently, Roshan Telecommunication Company is Afghanistan’s only company that offers the mobile money transfer facility; however, officials have said that the system will soon be launched by other companies in Afghanistan.

Although private and government banks in Afghanistan have been using modern internet services, they do not fully meet foreign international standards.

About 7,000 students from all over Afghanistan participation in a competition over mobile money transfer schemes, 8 students were chosen for the best usage of money mobile transfer.

One of the students whose method was accepted in the competition said he is hopeful that his method will help improve mobile money transfer service in Afghanistan and make it more effective.

The 8 winners were awarded USD 5,000. The winning college students also received five computers with one year free internet service.

This is the first time that efforts have been made to expand mobile money transfer service in Afghanistan.


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Afghanistan mobile money transfer

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