Banking on the Future: How Today’s young professionals will be drivers of tomorrow’s banking revenue
Banks ready for the future?
The emergence of mobile technology as an alternative to more traditional banking has allowed for services to be provided to lower income households often residing at distant rural locations. While banks are and will remain the backbone of African financial systems, a number of alternative financing options exist, upon which most low-income African households have traditionally resorted given limited access to formal banking products. The success of handheld devices in the promotion of mobile banking means younger generation are demanding more friendly service and easy access to financial transactions. What are the ten key insights banks should look into and consider? The infographic below gives a clearer perspective of this trend:
About David Okwara
Africa, Africa brief, Africa challenges, Africa opportunities, African countries, challenges, development, East Africa, economic growth, economy, financial services, Foreign Direct Investment, foreign investment, GDP, Ghana, government, growth, infrastructure, investment, KPMG Africa, private equity, sub-Saharan Africa, World Economic Forum, Zambia, Zimbabwe