The Asian Banker

Africa’s rapid growth offers banks opportunities in both transaction and retail banking
Emergence of “megacities” across Africa and rapid growth within the continent expected to bring about myriad of opportunities for banks in trade finance and mobile banking.

Nov 06, 2012 | Baron Laudermilk

International banks have generally neglected to understand and identify investment opportunities in Africa, with many still looking to tap into China and the burgeoning Asia Pacific region. However, a select handful of banks seem to be recognising the increasing banking potential in Africa, as the continent rapidly develops and, in turn, offers a wealth of opportunities in both transaction and retail banking businesses. Indeed, Africa exhibits five major growth trends, the first being its advantageous demographics. Whilst birth rates in China, Singapore, Japan and Taiwan remain low,…

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Categories: China, Core Banking, Industry Outlook, Mobile Banking, Retail Banking, Rmb, Technology & Operations, Trade Finance, Transaction Banking
Keywords: Standard Bank, Simon Freemantle, Rajesh Mehta, Citibank, JPMorgan, Barclays, Wizzit Bank, Bank of Athens, Misys, IBM
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