Growth Rate of Financial-Services Market Revenue by Product in Africa
Financial Services revenues in Africa are expected to grow by 10% per year until 2025, with payments and wallets being the fastest growing products.
This means that more African markets are joining in the Fintech Ecosystem and raising capital.
Related Report
The Future of Fintech in Africa
Eighteen percent of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, without a bank account or a digital wallet. This presents a massive opportunity, making fintech the most dominant and funded tech sector in Africa today. This special report highlights how African fintechs not only have one of the largest total addressable markets globally but are also crucial for achieving financial inclusion and empowering unbanked populations. The potential impact of a successful fintech in Africa is unparalleled. To learn more about the drivers, barriers, and opportunities in African fintech, as well as progress toward financial inclusion, read the special report.
