The Future Of Payments In Africa

Payments

By Murray Gardiner, MD, Bluecode Africa By 2050 the population of Africa is expected to grow to 2 billion, while the rest of the world experiences flat or declining population curves. Globally, about 1.7 billion adults (31% of adults) remain unbanked — without an account at a financial institution or through a mobile money provider. In 2014 that number was 2 billion. Account ownership is nearly universal in high-income economies – virtually all unbanked adults live in developing economies, according to the Global Findex. Women are also overrepresented among the…

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