In 2021, Sub-Saharan Africa had a total of 21 digital banks. Among these, 10 were found in Nigeria and seven in South Africa, some of the largest fintech markets on the continent. The number of digital financial institutions in the region increased considerably compared to 2012, when there were only two banks operating digitally.
Number of digital banks in Sub-Saharan Africa from 2012 to 2021, by country
Characteristic
Nigeria
South Africa
Other
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BPC. (April 19, 2022). Number of digital banks in Sub-Saharan Africa from 2012 to 2021, by country [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1350286/number-of-digital-banks-in-sub-saharan-africa-by-country/
BPC. "Number of digital banks in Sub-Saharan Africa from 2012 to 2021, by country." Chart. April 19, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1350286/number-of-digital-banks-in-sub-saharan-africa-by-country/
BPC. (2022). Number of digital banks in Sub-Saharan Africa from 2012 to 2021, by country. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1350286/number-of-digital-banks-in-sub-saharan-africa-by-country/
BPC. "Number of Digital Banks in Sub-saharan Africa from 2012 to 2021, by Country." Statista, Statista Inc., 19 Apr 2022, https://www.statista.com/statistics/1350286/number-of-digital-banks-in-sub-saharan-africa-by-country/
BPC, Number of digital banks in Sub-Saharan Africa from 2012 to 2021, by country Statista, https://www.statista.com/statistics/1350286/number-of-digital-banks-in-sub-saharan-africa-by-country/ (last visited July 22, 2024)
Number of digital banks in Sub-Saharan Africa from 2012 to 2021, by country [Graph], BPC, April 19, 2022. [Online]. Available: https://www.statista.com/statistics/1350286/number-of-digital-banks-in-sub-saharan-africa-by-country/