Africa Emerges as Fastest-Growing Fintech Market Globally

In the Financial Times, BCG’s Shalini Unnikrishnan draws on a BCG report to discuss how Africa’s fintech revenues are expected to reach roughly $65 billion by 2030, approximately 13 times higher than a decade earlier. Fintech’s first wave of growth expanded access to banking through digital payments, laying the foundation for the current second phase of growth in credit, insurance, and other offerings. “We are talking about moving from access to depth,” says Unnikrishnan. “Payments only take you so far.”