Blog Series

Spotlight on Sub-Saharan Africa

In the coming weeks we will share with you insights into financial inclusion developments in Sub-Saharan Africa, as we learn more about consumer insights, product development, business models and the enabling policy environment required to improve access to financial services and make innovation possible.

According to 2013 IMF data, growth in commercial bank depositors in Sub-Saharan Africa leapt nearly four-fold from 2004 to 2012. Even though the region still trails other low-income regions on this measure, it is closing the gap and gaining momemtum. The mobile banking revolution in particular is a fascinating innovation, and mobile wallets are increasingly linking previously unbanked individuals with financial services.