Digital Firms Drive Financial Inclusion Across Nigeria, Uganda, Africa

Innovative digital financial services are transforming Africa's financial landscape by enhancing inclusion and supporting economic growth. In Nigeria, Andray Finance Limited launched in 2024 to provide tailored agricultural loans of up to N3 million, designed around farmers' seasonal cycles, enabling productivity and food security in rural communities through transparent, mobile-first lending. PostBank Uganda's ZeroFlex account has seen explosive growth, with 89 percent of users being first-time bank customers, particularly among young, tech-savvy Ugandans, reflecting a shift toward digital banking that emphasizes simplicity, zero fees, and nationwide accessibility. Nigeria’s Unified Payment Services Limited celebrates 28 years of pioneering fintech innovation, offering secure, scalable payment solutions licensed across major global payment schemes, further advancing financial inclusion. Meanwhile, NIBSS Africa emphasizes the critical need for African-built, locally tailored payment systems to address financial exclusion affecting 400 million people, underscoring that homegrown innovation is essential for sustainable progress across diverse African economies. These developments collectively highlight a continent-wide drive to leverage technology and local insights to bridge financial gaps and foster inclusive prosperity.