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Africa’s Fintech Transformation: Traditional banks can still gain an edge

By APO Group
10 November 2021   |   12:00 pm
Download logoAfrica is in the midst of a fintech transformation. Millions of Africans are now connected to financial services as a result of hundreds of start-ups. However, with the right mix of innovation and partnerships, Africa’s established commercial banks can gain an edge in the continent’s digital finance revolution. This latest report in CR2’s Market…

CR2
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Africa is in the midst of a fintech transformation. Millions of Africans are now connected to financial services as a result of hundreds of start-ups. However, with the right mix of innovation and partnerships, Africa’s established commercial banks can gain an edge in the continent’s digital finance revolution.

This latest report in CR2’s Market Insight series discusses how Africa represents a massive market that is providing opportunity for investors to bring large segments of the continent’s unbanked online. The surge of start-ups has been a major factor throughout this transformation, but they are not the only players on the continent. Established banks are also building on legacy infrastructure and client networks to offer novel digital finance services.

Read this report to learn how many longstanding financial institutions in Africa are pursuing innovation—such as online wallets and digital payments services—to bank the unbanked and meet the preferences of an on-demand generation. Africa’s banks shouldn’t make this journey alone, however, partnering with fintech start-ups and technology partners can accelerate their route to success.

To read CR2’s full report on Africa’s Fintech Transformation and how traditional banks can still gain an edge, Africa's Fintech Transformation (https://bit.ly/3081a5P).

Distributed by APO Group on behalf of CR2.

Media contact:
If you would like more information or would like to arrange an interview with a representative from CR2, please contact Nigel Sutton at +353 (0)873 92 92 90 or email nige@seventeen59pr.com

About CR2:
CR2 provide banks with Digital, Self-Service and Payment solutions to grow their business, optimise their customer service cost and deliver an enhanced customer experience. Headquartered in Ireland, we are enabling over 100 banks in 60 countries to seamlessly connect and engage with their customers on the most critical banking channels today.