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Mastercard Reveals that South Africa, Nigeria, and Kenya are Africa’s Most Vibrant Fintech Markets

November 7, 2022
1 min read
Author: Akim Benamara

Mastercard published a report, “The Future of Fintech: Rapid Growth Attracts Smart Capital”, wherein they revealed that South Africa, Nigeria and Kenya have grown to become the most vibrant markets for fintech in Africa.

At Mastercard, we are helping to fuel fintech acceleration by offering access to our expertise, network and technology. We provide a portfolio of technology solutions, APIs, developer tools, partner networks, startup programs and a community experience for every fintech company and payments developer, helping turn their bold ideas into reality.

Ngozi Megwa, Senior Vice President of Digital Partnerships in charge of the EEMEA region, Mastercard

Buoyed by demand, fintech has seen products based on multi-faceted innovation in emerging and mature economies. Providing scalable financial services using the internet, blockchain, and algorithms, fintech companies have widened the reach of financial services traditionally offered by banks, including loans, payments, investments, or wealth management.

Mastercard’s Report
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