Fintech penetration rate in Africa 2020-2025

Published by
Saifaddin Galal,
Sep 29, 2023
In 2020, the fintech industry in Africa recorded a penetration rate of around 2.5 percent. With the increasing digitalization on the continent, the diffusion of fintech solutions is forecast to grow in the coming years. By 2025, the penetration rate could reach five percent.

Estimated penetration rate of the fintech sector in Africa from 2020 to 2025

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Release date

August 2022

Region

Africa

Survey time period

2020 to 2025

Special properties

excluding South Africa

Supplementary notes

Figures based on financial services revenues of 150 billion U.S. dollars in 2020.

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