The Upward Trajectory of Neobanks and Their Transformation of Africa’s Traditional Banking Sector
The ascent of neobanks is currently revolutionizing the African banking industry. Operating purely online, neobanks offer an array of financial services through either a website or mobile apps. A Fresh Perspective on Banking in Africa Increasingly, digital banks—predominantly app-based—are marking their presence across Africa, fueled by the widespread accessibility of smartphones and internet connectivity. […]