Impact of Mobile Money Transfer on the Education Sector in Sub-Saharan Africa
Digitalization of payments related to education has played a significant role in driving the fourth agenda of the Sustainable Development Goals (SDG) aimed at providing free, equitable, and quality primary and secondary education to children by 2030. Since the launch of mobile money transfer (MMT) technologies by Safaricom in Kenya in 2007, many providers have developed a range of services to ensure efficient, transparent, and sustainable means of paying for school and college fees. This has led to enhanced teacher-student interaction times, reduced absenteeism, improved security in handling money, and made it easier for families to save, plan, and educate their children. This chapter reviews key success cases of countries and institutions that have digitalized payments and other education services to empower disadvantaged communities.