Financial Inclusion
Financial exclusion hinders access to essential financial services, resulting in
limited economic well-being.
Financial Inclusion Development
Financial inclusion in Africa is the ability of all individuals and businesses to
access and use appropriate financial services that meet their needs. It is
essential for economic development and poverty reduction.
Africa has made significant progress in financial inclusion in recent years.
According to the World Bank's Global Findex database, the percentage of adults
in Sub-Saharan Africa with an account at a formal financial institution increased
from 34% in 2011 to 55% in 2021. This is still lower than the global average of
76%, but it represents a significant improvement.
Africa has made significant progress in financial inclusion in recent years.
According to the World Bank's Global Findex database, the percentage of adults
in Sub-Saharan Africa with an account at a formal financial institution increased
from 34% in 2011 to 55% in 2021. This is still lower than the global average of
76%, but it represents a significant improvement.
Electronic Money Inclusion
We strive to bridge this gap by focusing on the right technology solutions that can
accelerate financial inclusion across Africa.
The growth of mobile money has been a key driver of financial inclusion in Africa.
Mobile money is a type of electronic money that is stored and transferred using
mobile phones. It has made financial services more accessible and affordable for
millions of Africans who live in rural areas or who have low incomes.
The growth of mobile money has been a key driver of financial inclusion in Africa.
Mobile money is a type of electronic money that is stored and transferred using
mobile phones. It has made financial services more accessible and affordable for
millions of Africans who live in rural areas or who have low incomes.