Rise of digital banks in Africa: Challenges and opportunities

Theasianbankersg28 Mar, 2022Other

Digital banks that seek to serve the unbanked in Africa are offering innovative and customer-centric services that are not only attracting more users but deep-pocketed long-term investors. What traditional banks lack in flexibility and speed, these new players or neo banks are quick to provide and improve on – especially during the COVID-19 pandemic.