10x Banking, founded by former Barclays CEO Antony Jenkins, partners with Old Mutual to expand into Africa, meeting growing demand. Starting in South Africa to drive financial inclusion by developing new products for unbanked populations. 10x sees increasing global interest, including from banks in India, Sri Lanka, Vietnam, and the USA, planning collaborations in other regions. Old Mutual aims to serve underserved bank account holders, addressing the barrier of financial literacy across the continent through a customer-centric approach. “In Africa, the big driver is digital,” commented 10x founder and CEO Antony Jenkins.

Source: The North Africa Journal February 06, 2024 11:49 UTC