\tAn Ivory Coast consumer association denounced escalating taxes on mobile money transactions in the country and demanded the complete removal of the levies, Le Monde Afrique reported.<\/p>\n
In a statement to the newspaper, Jean-Baptiste Koffi, president of the Confederation des Consommateurs de Cote d\u2019Ivoire, said a 7.2 per cent increase in tax rates on mobile money payments and cash transfers damaged the country\u2019s financial inclusion effort.<\/p>\n
The federation, which represents ten different consumer groups in the country, stated that less than a fifth of consumers in Ivory Coast have access to bank accounts.<\/p>\n
It noted the traditionally low cost of transactions using mobile money services had led to a \u201cdynamic\u201d industry, but the increase in government levies made it \u201cmore expensive for consumers to use an accessible service that has started to enter our habits.\u201d<\/p>\n
Le Monde Afrique estimates XOF15 billion ($25.8 million) is transacted through mobile money in Ivory Coast on a daily basis.<\/p>\n","protected":false},"excerpt":{"rendered":"
An Ivory Coast consumer association denounced escalating taxes on mobile money transactions in the country …<\/p>\n
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