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Table 6 Mobile money account penetration rates by individual characteristics.

From: A study of the factors affecting mobile money penetration rates in the West African Economic and Monetary Union (WAEMU) compared with East Africa

Samples

WAEMU countries

East African countries

Ownership of accounts

Yes

28.6700%

32.8900%

No

71.3300%

67.1100%

Gender of respondent

Male

68.2600%

49.2300%

Female

31.7400%

50.7700%

Respondent's level of education

Primary

42.8100%

35.3400%

Secondary

52.0300%

59.4600%

Tertiary

5.1600%

5.2000%

Income quintiles

Richest 20%

37.4200%

36.8400%

Fourth 20%

21.5700%

22.6400%

Middle 20%

16.5900%

16.4500%

Second 20%

14.4000%

14.3400%

Poorest 20%

10.0100%

9.7300%

Age of the respondent

15–24

29.1100%

31.8300%

25–64

68.8800%

65.5700%

65–95

2.0000%

2.6000%

Workforce

Out of workforce

21.6200%

16.8300%

In workforce

78.3800%

83.1700%

  1. Data used to perform these calculations are from the 2017 Global Findex Database. WAEMU countries included in the sample are Benin, Burkina Faso, Côte d’Ivoire, Mali, Niger, Senegal and Togo. East African countries in the study are Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Tanzania, Uganda, Zambia and Zimbabwe