South Africa's embedded finance industry is projected to grow 28.8% annually, reaching $861.2m in 2024 and $2.18bn by 2029.
South Africa's embedded finance industry is expected to grow by 28.8% annually to reach $861.2m in 2024, with a CAGR of 20.5% between 2024-2029. Embedded finance includes lending, insurance, payment, and wealth sectors, and this market growth is attributed to government initiatives, a tech-savvy population, and a growing appetite for digital financial solutions. By 2029, the industry is predicted to reach $2.18 billion.
May 17, 2024
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