The market revenue of financial services in Africa has been growing in recent years, and the trend is set to continue. Between 2020 and 2025, several types of financial services will drive revenue growth on the continent. Blockchain technologies and cryptocurrencies would experience a compound annual growth rate (CAGR) of 50 percent from 2020 to 2025. Moreover, wallets and payments would each record a CAGR of 20 percent in the same period.
Compound annual growth rate (CAGR) of financial services' market revenue in Africa between 2020 and 2025, by service type
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McKinsey & Company. (August 30, 2022). Compound annual growth rate (CAGR) of financial services' market revenue in Africa between 2020 and 2025, by service type [Graph]. In Statista. Retrieved January 04, 2025, from https://www.statista.com/statistics/1347731/financial-services-revenue-cagr-in-africa-by-service/
McKinsey & Company. "Compound annual growth rate (CAGR) of financial services' market revenue in Africa between 2020 and 2025, by service type." Chart. August 30, 2022. Statista. Accessed January 04, 2025. https://www.statista.com/statistics/1347731/financial-services-revenue-cagr-in-africa-by-service/
McKinsey & Company. (2022). Compound annual growth rate (CAGR) of financial services' market revenue in Africa between 2020 and 2025, by service type. Statista. Statista Inc.. Accessed: January 04, 2025. https://www.statista.com/statistics/1347731/financial-services-revenue-cagr-in-africa-by-service/
McKinsey & Company. "Compound Annual Growth Rate (Cagr) of Financial Services' Market Revenue in Africa between 2020 and 2025, by Service Type." Statista, Statista Inc., 30 Aug 2022, https://www.statista.com/statistics/1347731/financial-services-revenue-cagr-in-africa-by-service/
McKinsey & Company, Compound annual growth rate (CAGR) of financial services' market revenue in Africa between 2020 and 2025, by service type Statista, https://www.statista.com/statistics/1347731/financial-services-revenue-cagr-in-africa-by-service/ (last visited January 04, 2025)
Compound annual growth rate (CAGR) of financial services' market revenue in Africa between 2020 and 2025, by service type [Graph], McKinsey & Company, August 30, 2022. [Online]. Available: https://www.statista.com/statistics/1347731/financial-services-revenue-cagr-in-africa-by-service/
