Open Banking has the power to make finance more accessible for everyone in Africa. The open banking movement has evolved to be not only a force for inclusion but also an opportunity for growth for consumers, Fintechs and banks.

In growing economies still recovering from the crippling experiences of the past, will open banking be the stepping stone to a more inclusive financial system?

This will depend on the sector’s ability to collaborate, to learn from other countries’ best practices and mistakes, and to move beyond the legacy systems and processes that have hindered its growth until today.