“Where fiscal space permits, government could consider accelerating spending on public investment, including on physical and digital infrastructure.” LEO
The LEO is committed to a better digital infrastructure. This is especially following the Covid-19 downturn in the Lesotho economy.
Mobile penetration is listed at 108 percent. This provides some of the infrastructure for digital payments.
Lesotho has a high income from remittances – 20 percent – and digital cross-border payments would help.
The number of unbanked is high – about 45%.
The World Bank did publish an analysis about Lesotho. This identified limited adoption but potential.
Lesotho is moving in the right direction but more needs to be done.