Finextra, the leading financial technology news source, and Kora, a pan-African payment infrastructure provider, today announced their new report on “The Future of Embedded Finance in Africa 2025.”
Details
This report examines how embedded is transforming the continent’s financial landscape and driving economic growth. It contains expert insights from Kora, Finextra, Binance Indelible Inc., Mojaloop Foundation, and Nikulipe.
It explores how embedded finance can improve the African cross-border payments system, leading to greater financial inclusion, trade, and growth for startups and SMEs. It also shares deep insights into several challenges that must be solved to improve cross-border payments in Africa.
What They’re Saying
- “We are happy to collaborate with Finextra for the second year in a row. Embedded finance is growing rapidly thanks to increasing mobile penetration and the expanding digital economy. But scalability will depend on building reliable infrastructure through collaborative efforts between banks, fintechs, regulators, and service providers. These collaborations are the first steps towards increasing the productivity and GDP of Africa,” said Dickson Nsofor, CEO of Kora.
- Commenting about the growth of embedded finance in Africa, Gary Wright, research director, of Finextra Research, said: “Interest in the potential of embedded finance is growing throughout the world. Africa is going to be an interesting market to watch as this new technology evolves because the continent is already a world leader in digital and mobile banking, making it a great ecosystem for embedded finance to thrive.”
Zoom In
The report explores how embedded finance can help tackle these issues, providing a pathway to reach the unbanked, support the e-commerce ecosystem, and facilitate efficient cross-border transactions – especially within the African Continental Free Trade Area (AfCFTA).
Businesses and industry stakeholders can download the full “The Future of Embedded Finance in Africa 2025” report at: https://www.korahq.com/future-of-embedded-finance-2025
