Fintech Financial services Africa November 8, 2022The fintech industry in Africa has reached an inflection point. Cash is still used in about 90 percent of transactions on the continent, but if the sector can reach similar levels of penetration to those seen in Kenya—a country with one of the highest levels of fintech penetration in the world—we estimate that industry revenues could grow eight times their current value by 2025, according to findings by McKinsey senior partner Tunde Olanrewaju and coauthors. We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at: McKinsey_Website_Accessibility@mckinsey.com To read the article, see “Fintech in Africa: The end of the beginning,” August 30, 2022.