Africa Digital Finance Gains Global Momentum
MTN Group President and Chief Executive Officer Ralph Mupita says Africa digital finance is entering a new growth phase, with the continent positioned to lead global innovation in financial services.
He said Africa’s rapid mobile money adoption and expanding digital ecosystems place it at the centre of the next wave of global financial transformation. He made the remarks during a fireside chat at the 3i Africa Summit in Accra.
MTN CEO Highlights Mobile Money Growth
Mupita said Africa digital finance growth has accelerated due to strong mobile money adoption across the continent. In addition, he noted that telecom operators have played a key role in expanding financial access to underserved populations.
According to him, Africa is now moving beyond basic mobile payments. Instead, the continent is shifting toward more advanced services such as digital credit, embedded finance, and cross-border remittances.
“Africa is poised to lead in the global digital finance evolution,” he said. He added that innovation across African markets continues to grow at a fast pace.
Telecoms Drive Africa Digital Finance Expansion
Mupita explained that telecom companies have helped bridge financial access gaps. As a result, millions of people who previously lacked access to banking services can now participate in the digital economy.
He also highlighted the growing role of new technologies. These include artificial intelligence and blockchain, which are expected to shape the next phase of Africa digital finance development.
At the same time, he urged regulators to support innovation while also protecting consumers. He called for balanced and forward-looking policy frameworks that can support long-term growth.
3i Africa Summit Focuses on Financial Innovation
The 2026 3i Africa Summit brought together policymakers, regulators, fintech leaders, and investors. The event was organised by Bank of Ghana, Ghana Interbank Payment and Settlement Systems, and Global Finance & Technology Network.
The summit focused on Africa digital finance, virtual assets, tokenisation, open banking, and digital public infrastructure.
In addition, discussions highlighted the growing influence of mobile financial services in Africa’s economic development.
MTN Ghana’s MobileMoney Fintech LTD was also noted for its role in expanding financial access. The platform now serves more than 17 million subscribers since launch.
