Global Bank Account Ownership

As Africa’s economies continue to develop, there is a growing demand for digital payment solutions that are convenient, secure and affordable.

Fintech is well-positioned to meet this demand, offering a range of digital payment solutions that are tailored to the needs of African consumers and businesses.

Over the past decade, sub-Saharan Africa showed the greatest growth in bank account ownership and usage, over any other region in the world. In 2021, it was found that 55% of Africans owned a bank account of some type, and 50% made or received a digital payment in the past year.