Ep536: How Africa can and is utilising FinTech to support financial inclusion and economic growth

Richard Southey, Chief Digital & Experience Officer, Absa CIB

The adoption of FinTech in Africa has been widespread – in 2021 FinTechs in Africa overshadowed all other startups in funding gained and mobile money transactions across Sub Saharan Africa were greater than the GDP of Nigeria. Increasing mobile phone and internet penetration will see further increases in FinTech activity, facilitating financial inclusion and a move away from cash payments.