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McKinsey and Company published this week on the African financial services sector, stating “this market is likely to grow by 10 percent per year to reach approximately $230 billion by 2025.” Blockchain, payments and wallets are tipped as the financial services sectors that could grow fastest.
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These digital-native startups are gaining more customers among lower income people for everyday use cases like buying airtime, transferring funds, and paying bills, turning the tide on years of Africans being underserved by brick-and-mortar modes of service delivery.
https://qz.com/africa-is-still-scratching-the-surface-on-fintech-penet-1849472698
More posts by Samantha Wulfson
