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Home Africa

NOVAFRICA’s Fintech Report 2020 – Huge opportunity for Africa

NOVAFRICA by NOVAFRICA
November 12, 2020
in Africa, Banking, FA, Finance, Fintech, Mobile, NOVAFRICA, Report, Research
Reading Time: 1 min read
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(PAPER) Adopting mobile money: Evidence from an experiment in rural Africa

Over 60% of the sub-Sharan African adult population is unbanked. African demographics are exploding, and the rate of mobile phone penetration is extremely high – even where there is no electricity or paved roads.

FinTech is a huge opportunity for leapfrogging and closing gaps in financial inclusion and several other business areas.

These are some of the conclusion the FinTech Report about Africa presented by Catia Batista, scientific director of NOVAFRICA in the “FinTech Conference” organized by the Nova Finance Center from Nova School of Business and Economics under the Social Equity Initiative of Banco BPI and Fundación “la Caixa”.

Download the report HERE

Also read: Africa’s top Fintech Companies of 2020

Related

Tags: Banco BPIBankingDigital Bankingdigital economydigital moneyFeatureFinancefintechFundación la CaixamobileMobile MoneyNova Finance CenterNOVA School of Business and EconomicsNOVAFRICANOVAFRICA's Fintech Report 2020 - Huge opportunity for AfricaReportsub-Saharan Africa
NOVAFRICA

NOVAFRICA

NOVAFRICA is a knowledge center created by the Nova School of Business and Economics of the Universidade Nova de Lisboa in 2011. Its mission is to produce expertise with an impact on business and economic development in Africa. A particular focus is on Portuguese-speaking Africa, i.e., Angola, Cape Verde, Guinea-Bissau, Mozambique, and Sao Tome and Principe.

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