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Context 1
... COVID-19 pandemic forced radical changes in customer behaviour, moving significant portions of the economy online and increasing customers' willingness to engage digitally (Deloitte, 2021 In addition to incentives by the MMSPs, government responses also boosted the uptake of DFS. Some of these measures are highlighted in Table B2 in the annex. Regulatory authorities are responsible for ensuring effective competition in the evolving mobile money market, especially with the emergence of new players because of the pandemic. ...Context 2
... is a wide variation between mobile money transactions and independent variables, while the dispersion between private sector credit and lending rates is small compared to the consumer price index; this is shown by the standard deviation. From Table 2 in the pairwise correlation matrix, we notice that the off-diagonal elements of the variables are unitary as expected. The relationship between mobile money and private sector credit is high and significant, the relationship is in tandem with lending rates but positive unlike with private sector credit. ...