FYI: Technology x Africa

Find out how your business can cross the fintech border of Africa

Fintech involves any company that uses the internet, mobile devices, software technology or cloud services to perform or connect with financial services. Africa is one of the fastest-growing banking and payments market globally.

Key facts about Africa’s fintech sector

  • USD 22 million in mobile circulation across Africa
  • USD 1.9 billion is processed by the mobile money industry daily
  • Expected mobile penetration of 482 million people by 2025
  • Expected mobile industry contribution to GDP is USD 185 billion in 2023

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