Webinar Recording | Fintech in Sub-Saharan Africa: Game-Changer for Economic Institutions to Foster Inclusive Growth and Development

Webinar Recording | Fintech in Sub-Saharan Africa: Game-Changer for Economic Institutions to Foster Inclusive Growth and Development

Although access to traditional banking services remains impossible for most Africans, the availability of mobile phones has provided millions with access to mobile money services. While only 38% of sub-Saharan Africans have a bank account, 80% of them have a smartphone. Fintech is filling the gaps of traditional banking in Africa and is helpfully disrupting the way Africans manage their money. Digital innovation supports mobile payments, digital credits and cryptocurrency instead of plastic cards and bank branches, and has become the preferred choice of African consumers. Indeed, there were 295.7 million registered mobile money accounts in sub-Saharan Africa as of December 2018, representing 45.6% of the world’s figures, and surpassing the number of traditional bank accounts in the region.

Fintech is a major force shaping the structure of the financial industry in sub-Saharan Africa and creates efficiency gains by opening the financial services value chain. Moreover, considering the low level of financial inclusion, macro-financial linkages between sub-Saharan Africa and other regions, fintech could be a game-changer for economic institutions and central banks to foster inclusive economic growth and development.

In this webinar, we considered these and other questions about fintech in Africa.

Speakers: 

  • Mrs Aissatou Djiba Diallo, Senior Fintech Adviser, Ecobank Group
  • Mr Oumar Ndao, Fintech entrepreneur and CEO of Afripayway
  • Mr Andrew Takyi-Appiah, Co-Founder and Managing Director of Zeepay
  • Moderator: Abdou Lo, Director for Africa, Access Partnership

Watch the recording here.

Related Articles

AI Dreams: The Regulator’s Dilemma

AI Dreams: The Regulator’s Dilemma

The debate around AI regulation has focused extensively on what should happen, but in a world of conflicting interests, complex...

1 Aug 2023 AI Policy Lab
Enabling productivity growth in Australia

Enabling productivity growth in Australia

Key takeaways from Competition in Digital Markets – Part III: Driving Productivity Growth in Australia: Challenges and Opportunities for Digital...

27 Jul 2023 Multimedia
A Deep Dive into EU Approach to Space Traffic Management

A Deep Dive into EU Approach to Space Traffic Management

On 11 July, Access Partnership Policy Manager, Aleksander Lubojemski, hosted a live virtual webinar to discuss the EU’s effort towards...

11 Jul 2023 Multimedia
Independent Thinkers on Digital: Dissecting Telecom Turbulence

Independent Thinkers on Digital: Dissecting Telecom Turbulence

Unraveling the Complexities of the Telecom Market with Maurice Patrick Access Partnership CTO William Webb talks with Maurice Patrick, a...

23 Jun 2023 Multimedia