Where The Mobile Bank Account Was Born

Banking in Africa has become a prime example of necessity breeding ingenuity. When the global financial crisis hit in 2008, Africa’s regional banks turned their focus closer to home and embraced technology as a means to reach the hugely diverse unbanked populations of the region. With a virtually untapped market, relatively unburdened by out-of-date computing infrastructures, and embracing the expansion of financial technologies, Africa’s regional banks are often on the cutting edge of making banking “something you do, not somewhere you go.”. Today, Brett speaks with two of the major players in Africa’s regional banks- John Owens, Director at Chemonics International and a Senior Policy Advisor at the Alliance for Financial Inclusion and Zwelibanzi Manyathi, CE of Personal and Business Banking for Standard Bank, as they discuss how they are embracing technology and beginning to eliminate banking deserts.