Fintech in Africa: Powering the Future of Digital Finance | IMR Knowledge Cluster
2024

Fintech in Africa: Powering the Future of Digital Finance

Trending And Emerging Topics Insights Service Industry Financial Services

The fintech sector in Africa has emerged as a powerful catalyst for change, fundamentally transforming the financial landscape of the continent. This evolution has been marked by the rise of innovative solutions that empower individuals and businesses to access and manage financial services more efficiently than ever before. Historically, fintech was primarily associated with the backend operations of traditional banks. It has evolved into a dynamic ecosystem that now encompasses a wide range of services, including mobile banking, digital payments, blockchain technology, and online lending platforms.

One of the most significant benefits of fintech in Africa is its ability to address the pressing issue of limited access to traditional banking systems. For many individuals and businesses, particularly in remote and underserved areas, conventional banking options are either inaccessible or inadequate. Fintech solutions have made remarkable strides in promoting financial inclusion, allowing unbanked and underbanked populations to engage with financial services through mobile devices and digital platforms. The widespread adoption of mobile phones has been a key driver in this regard, enabling the proliferation of mobile money services like M-Pesa in Kenya, which has set a precedent for similar innovations across the continent.

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  1. 1. Market Outlook
        1.1 Market Snapshot
        1.2 Market Definition
        1.3 Key Takeaways
        1.4 Market Statistics

    2. Fintech in Africa: Powering the Future of Digital Finance
        2.1 Market Size From 2017 to 2032 (In USD Billion)
        2.2 Number of Active African Fintech Start-ups From 2017 to 2023
        2.3 Active Nigerian Fintech Start-ups (2017–2023) (in Number)
        2.4 African Fintech Start-ups by Country, 2023
        2.5 Gross Domestic Product (GDP) in South Africa From 2017 to 2023 (in USD Billion)
        2.6 Growth Rate of the Real Gross Domestic Product (GDP) of Kenya From 2019 to 2028
        2.7 M-Pesa Transaction Volume From 2017 to 2023 in East Africa (in Billions of Transactions)
        2.8 Leading Fintech Investments in Africa 2023 (in USD Millions)
        2.9 Active M-Pesa Users in Eastern Africa From 2021 to 2024 (in Millions)
        2.10 Top 10 Africa FinTech Seed Deals in 2022 (in USD Million)
        2.11 Gross Domestic Product for Nigeria From 2017 to 2023 (in USD Million)
        2.12 Smartphone Users in South Africa From 2017 to 2023 (in Millions)
        2.13 Internet User Penetration of Population in Nigeria From 2018 to 2027
        2.14 Mobile Phone Penetration in Africa From 2023 to 2030
        2.15 African Insurance Market From 2022 to 2028 (in USD Billion)
        2.16 Biometric Fraud Attempts Caught by Smile ID in 2023
        2.17 Biometric Fraud Rate in Africa by Industry in 2023

    3. Appendix
        3.1 Research Process
        3.2 Author

REPORT DETAILS

Fintech in Africa: Powering the Future of Digital Finance

Pages: 50+ Pages
Format: PPT
Language: ENGLISH
Released: October 2024

Price: $499 USD

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