THE FinScope Survey Report of 2025 has disclosed that mobile money service usage increased to 76.2 percent in 2025 from 58.4 percent in 2020. The report has also pointed to saving groups such as village banking, among others, as the main barriers to the uptake of formal financial services in the country. The FinScope survey is a comprehensive, nationally representative study often conducted every five years and is designed to assess the financial landscape and measure financial inclusion levels. “Mobile money service usage has increased to 76.2 percent in 2025 from 58.4 percent in 2020. The second notable rise was the access to capital market products at 13.8 percent from 0.6 percent largely due to increased uptake of digital investment...