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It is estimated that 40 percent of South Africa’s 45 million population are un-banked or under-banked. However, nearly 60 percent of South Africans have mobile phones. The proliferation of mobile services worldwide has created a unique opportunity to provide social and financial services over the mobile network. WIZZIT, a client of the IFC, is one such ‘virtual bank’ in South Africa that is challenging the branch legacy that is associated with traditional banks, in order to bank the un-banked.