This is not the United States or China, the growth of overvalued market potential bank

According to the latest consultancy McKinsey, Africa leading electronic payment and a mobile station in the second years of growth and profit of the bank.

In the short five years, banks in the mainland, an increase of two times, while the total income of the bank increased from $5 billion 600 million to $8 billion 600 million in 2012, at present. This number is expected to increase to $12 billion 900 million a year by 2022. Most of the increase is due to a large population of the market, such as Nigeria and Egypt.

The company McKinsey confirmed that banks can grow faster in Africa if there is a distribution between the blocks are bank risk management better, the simplification of administrative procedures.

At the same time using a mobile phone payment report shows that GSMA forms of online transactions through bank transfer in the African region near the Sahara and the ability in there are very big growth.

In Africa there is about 140 online payment service, mobile phone service in the global total of 277 people, 40% types of applications often use here. However, GSMA says only 17% of Africa's rural population using mobile phone payment and enterprise ability of growth plate is still very high.