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Basic Business Models for Banks Providing Digital Financial Services in Africa

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Digital Financial Services have progressed rapidly since the first mobile-money services in East Africa a decade ago. Their early success in Kenya and Tanzania sent telecom firms, banks, technology firms, and development institutions scrambling to launch similar services. Yet many or most of these new services found only limited success of their own. The process delivered valuable lessons to the industry, however, including insights about scale, effective engagement models, the importance of adopting new technologies and rethinking corporate cultures, and the need for new digital financial services and products.

Document Information

Document Type Report
Author Lesley Denyes
Year of Publication 2019
Publisher International Finance Corporation (IFC)
Number of Pages 6 pages
Region / Country Africa /
Primary Language English (en)
Keywords digital financial services
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