The banking landscape is constantly evolving, shaped by technological advancements, changing consumer behaviors, and regulatory developments. As we delve into 2024, several key trends are poised to transform the consumer...
Non-performing loans (NPLs) pose a significant challenge to the retail banking sector in Africa, affecting financial stability, profitability, and economic growth. NPLs, loans in default or close to being in...
M-Pesa and OPay have been pivotal in revolutionizing financial inclusion in Africa by effectively onboarding the unbanked population. Their go-to-market strategies leverage technology, partnerships, and local market understanding, ensuring widespread...
In a move aimed at streamlining the foreign exchange market and curbing illicit activities, the Central Bank of Nigeria (CBN) has directed all existing Bureau de Change (BDC) operators to...
South Africa’s Africanbank has recently undergone a significant brand refresh, introducing a new logo and slogan, “Africanbank backs you.” This makeover signifies the bank’s ambition to modernize and better serve...
In Africa, where millions remain outside the formal banking system, retail banks are pioneering initiatives to bridge the gap and extend financial services to the unbanked and underbanked populations. Recognizing...
In an era marked by unprecedented digital acceleration, Africa’s banking sector stands at the forefront of innovation, fueled by a robust digital transformation. The African Digital Banking Transformation Report 2023,...
Zenith Bank, a leading financial institution in Africa, has embarked on a journey of digital transformation, leveraging cutting-edge technologies to enhance customer experience and streamline banking operations. At the forefront...
Moniepoint, the Nigerian fintech powerhouse, is rapidly expanding its footprint across the African continent to bring its innovative financial services to underserved markets. Formerly known as TeamApt, the company has...
The recent decision by French banks to exit the African market has sparked significant interest and speculation regarding the implications for local banks in the region. This move, driven by...
