Mobile banking in Africa has become the primary gateway to financial services, with banks shifting from simple transaction apps to intelligent, inclusive ecosystems. The latest Backbase report highlights how AI-powered banking, multi-currency support, and proactive financial tools are transforming the continent’s digital finance landscape, while connectivity, security, and infrastructure gaps remain key challenges.
Tag: digital banking Africa
Absa Teams Build Real-World Banking Solutions in 24 Hours at 2025 Technology Hackathon
Absa has announced the winners of its 2025 Technology Hackathon, where teams had just 24 hours to design real-world digital banking solutions. The event, themed “Ignite the Future: Innovate. Accelerate. Elevate,” showcased Absa’s commitment to innovation, collaboration, and technology-led transformation across Africa. Winning teams from Zambia, South Africa, and Mauritius developed prototypes in categories including AI for Impact and Blue Sky, reflecting Absa’s focus on digital talent and customer-centered innovation.
Digital Dynamism in the Finance Sector: Moving at the right speed and the right economics
In Digital Dynamism in the Finance Sector, Tawanda Chatikobo of Absa Regional Operations explores how African financial institutions must evolve to meet rising digital expectations. With mobile-first consumers, growing fintech ecosystems, and platforms like super apps reshaping user behavior, banks face a dual imperative: deliver world-class digital experiences while maintaining cost-efficiency. The article examines how embedded finance, open banking, and ecosystem partnerships can drive inclusion, innovation, and customer-centricity across Africa’s financial landscape.