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Overview of Open banking across Africa
Background
Africa is home to over a billion residents, representing one of the world’s most dynamic and rapidly expanding markets. With a young, tech-savvy population and an increasing demand for innovative solutions, the continent stands on the brink of transformative technological advancements. One area where this evolution is especially evident is in the fintech industry, where innovation is thriving, driven by the pursuit of financial inclusion and better access to services.
Open banking is one of the key innovations pushing this progress forward, offering a pathway to more integrated, accessible financial solutions for individuals and businesses alike. Today, many financial institutions, regulators, and tech stakeholders across Africa are recognizing and embracing the benefits of open banking, taking meaningful steps to ensure its smooth implementation and widespread adoption.
This resource hub is designed to provide a comprehensive overview of the African fintech ecosystem, with updates on the latest trends, insights, and developments in open banking and the partnerships driving this evolution forward. Check back frequently for fresh updates, and don’t hesitate to reach out at [email protected] for further information or questions.
Open Banking Nigeria (Open Technology Foundation) is a non-profit backed by a group of industry experts across banking, fintech, risk management, and more to drive and launch the open banking standard in Nigeria.
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