Financial inclusion has been on the rise in Africa over the past few years largely due to the innovation of digital financial services. In 2016, the level of financial inclusion in Sub-Saharan Africa was just over 23%. In 2017, it was almost over 43%, with a significant increase coming from digital financial services.
The growth of digital financial services in the continent, especially in countries like Kenya, has led to an increased in the number of people enjoying access to formal financial services. Africa is now home to more digital financial services deployments than any other region in the world.
Mobile money solutions and agent banking now offer affordable, instant and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neighbourhoods where no bank had ever established a branch. This is, quite literally, banking at your fingertips – for everyone.
SwitchLink Africa’s Financial Inclusion services, for example, have been positioned to serve as the interconnecting point and infrastructure for integrating and delivering electronic payment services to the unbanked, under-banked and banked.
SwitchLink Africa works with financial service providers, merchants, billers, and other organizations that aim to increase their efficiency and outreach through its network of human service interfaces for secure financial transactions nationwide.
Financial inclusion, built on sustainable business models with mainstream financial service firms, according to the Centre For Financial Inclusion brings individuals and small businesses into an ecosystem where they can flourish and integrate into the broader formal economy.
SwitchLink Africa expertise includes building and managing Agent transaction switching and payment processing network, developing and deployment of payment products and services, conceptualizing and operating multi-tenancy agent schemes that guarantee absolute value. The firm also designs and implement payments systems and technologies that guarantee absolute experience.
Additionally, SwitchLink Africa also conceptualizes and Integrate Industry Vertical Solutions that ensure Absolute Service.
SwitchLink Africa’s goal is to provide valuable services to the entire society and the economy to ensure no one is left out when it comes to financial inclusion. Other than that, SwitchLink Africa offers business value in the areas of electronic payment, financial transaction processing solutions and services.