The move towards a less cash-intensive economy: What options are available to Rwanda?

The government of Rwanda has a strong policy commitment to expand the size of the cashless economy. Vision 2020 envisions three-quarters of payment transitions made via cashless technologies by 2018. Financial inclusion rates have skyrocketed, especially with the emergence of non-bank financial products like mobile money. Policy and regulatory measures have been put in place to modernize the country’s payments industry and create a conducive environment for individuals and merchants to embrace cashless payments. The private sector has responded with product innovations to better serve the evolving demands of their clientele.

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