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FinTech Impact for Africa: Re-Imagining Banking & Financial ServicesAfrica’s financial sector is on the verge of yet another expansive revolution. The rapid growth of FinTech on the continent is driving both the disruption and leapfrogging of legacy systems and is further accelerating the digital transformation of financial services across Africa. The major existing banks are rapidly ramping-up their own innovative approaches to meet the financial needs of under-served markets across the continent.
FinTech players are increasingly becoming an important part of the fabric of Africa’s financial services industry. In addition, the leading banks on the continent are now harnessing innovative technology and are also collaborating with FinTech start-ups & innovators to better connect with under-served consumers, improve financial inclusion and provide a platform to scale much faster.