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49% of Africans Use Both Mobile Payments And Mobile Banking For Daily Transactions

Summary by Tekedia
A recent survey reveals a significant surge in mobile financial services adoption across Africa. Nearly half of the respondents (49%) use both mobile payments and mobile banking, while 36% rely solely on mobile banking, and 10% use only mobile payments. Only 5% of respondents reported not using any mobile financial service. Growing Mobile Finance Adoption […] The post 49% of Africans Use Both Mobile Payments And Mobile Banking For Daily Transact…
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MarketDataMarketData

Mauro Corvalán: "Digitization expanded access to mobile banking services" - MarketData

In 2024, the entity reported a 31% growth in its passive portfolio, doubling the average advance of the banking system, and an increase of 21% in its active portfolio, meeting the objectives set for its second operating year as a bank. Mauro Corvalán, manager of private and institutional banking, stressed that “the growth of the passive portfolio demonstrates the confidence that the brand gets from its investors.” He also announced that the enti…

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TekediaTekedia

49% of Africans Use Both Mobile Payments And Mobile Banking For Daily Transactions

A recent survey reveals a significant surge in mobile financial services adoption across Africa. Nearly half of the respondents (49%) use both mobile payments and mobile banking, while 36% rely solely on mobile banking, and 10% use only mobile payments. Only 5% of respondents reported not using any mobile financial service. Growing Mobile Finance Adoption […] The post 49% of Africans Use Both Mobile Payments And Mobile Banking For Daily Transact…

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Tekedia broke the news in on Thursday, February 20, 2025.
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