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 SBE under the Social Equity Initiative of Banco BPI and Fundação la Caixa.
Read here the report.