“Half of the population indicate that they have never heard of insurance or loans services and a third report of having never heard of savings services.” World Bank
The youtuber Drew has an interesting video about his visit to South Sudan revealing some of the cultural aspects of that country.
South Sudan depends on remittances and like Somalia could benefit a lot from more digitization.
The World Bank published a document about the financial system and found financial literacy was low – 50 percent.
Financial inclusion levels are under 40 percent.
As of 2019 no mobile money services were available.
The benefits are clear in terms of design of what could happen. Also it is evident that considerable work is needed before CBDCs could be implemented.