CR2 Market Insight: African Banking and Payments trends
Across Africa, all banking and payment channels are showing positive growth – from ATM usage through to mobile wallets.
The key challenge for banks is to equip themselves so that they can provide a range of channel options and meet consumer demand.
A quick snapshot of banking and payment trends in Africa offers encouraging news for banks on the continent and opportunities for growth. Thanks to Africa’s diverse population – and with that a wide range of banking and payment needs – all means of payments have their place on the continent, including ATMs, point of sale, cards, digital wallets and mobile money. And across the board volumes are increasing.