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NowNow’s Annual GMV & Unique Number of Transactions
To the underbanked individual, NowNow increases financial inclusion by enabling access to digital bank accounts and debit cards through their Digital Bank.
In 2022, NowNow facilitated over 75 million unique transactions across their SME and consumer platform, equating to nearly US $3 billion in transaction volume.
NowNow says their consumer application still has over 3000 downloads a day, but the company’s key focus for 2023 will be to build out their SME business.
In January 2023, NowNow was facilitating 120,000 daily merchant transactions, and was tracking 160% MoM growth.
Related Report
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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.
