For Africa the potential is tremendous: according to the World Bank, roughly two-thirds of the adults on the continent remain unbanked and card penetration is low. By improving access to electronic payments and financial services in general, more people would be able to contribute actively to robust, sustained economic growth, and improve their lives.
According to estimates by the GSMA, about 168 million people will become connected by mobile services across Africa over the next five years. Hence more people would be engaging in Mobile payments and Mobile Banking. African Banks’ are trying to implement financial inclusion and encourage digital payments at large.
We at CashLink Global Systems have helped banks in East Africa, West Africa and South Africa in implementing Retail Banking solutions. We have successfully implemented our products EzLink Enterprise EFT Switch, Card Issuance solutions through StarCARDMAN, Reconciliation & Settlement processes through StarRECON, Financial inclusion and Agency Banking through StarFIPS and other custom solutions as required by African Banks, in the payments space. The transactions through our products have been rising steadily and we provide impeccable service in maintaining our products. We have also been able to go over and beyond Client expectations in meeting client requirements.
In 2050, Africa will be home to one billion young people. This young population would be more inclined towards digital payments and experimenting new technologies for convenient banking. We at CashLink Global Systems want to be a catalyst in helping African Banks’ and other Financial Service companies cater to the needs of their customers.
- CashLink Global Systems Pvt. Ltd.