The number of financial transactions between banks and electronic money is on the rise in the country. In recent years, transfers from commercial banks to e-money institutions have risen from 61,000 to 888,000 transactions.

The figures were released in Beira, Sofala province, by the Governor of the Bank of Mozambique, Rogério Zandamela, at the opening of the Academic Year at Zambezi University on Thursday, according to the newspaper "Notícias".

According to data from Banco de Mocambique, a third of the Mozambican population has access to banking services and 93% have electronic money institutions at their disposal, accounting for more than 90,000 accounts/100,000 adults.

According to the newspaper, there are also more than 1,250 e-money agents/100,000 adults in the country.

As a result of the latest reforms made by the regulator, the country is improving levels of financial inclusion, with every district having at least one point of access to financial services,