By Lucidity Insights Research Team • August 29, 2023
How is the Usage Gap Affecting Fintechs in Africa?
Even as multiple factors drive Africa's fintech progress, the journey towards widespread adoption and financial inclusion is impeded by barriers and systemic challenges. Curious about these challenges? Watch our video to learn more.
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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.
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