Event Description

South Africa: A Landscape of Dynamic FinTech Transformation South Africa’s FinTech adoption rate is expected to experience a major leap over the next few years. EY’s annual FinTech Adoption Index Report 2017 forecasted 71% growth, with the country ranking third in future growth behind only China and India. There is a greater number of technology hubs in South Africa than any other country on the continent with a larger amount of national and international investment in the sector. South Africa’s Reserve Bank has created a team which is dedicated to monitor the latest FinTech developments on payments, lending, deposit taking, investments and insurance, which will report directly to the Deputy Governor Francoise Groepe. South Africa is clearly in the midst of one of the most exciting phases of innovation and disruption in the financial sector.