• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Africa’s Digital Banking Future Hinges on Empowered Consumers – Dr Opoku-Afari

2 months ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
52
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Africa’s Digital Banking Future Hinges on Empowered Consumers – Dr Opoku-Afari

Rapid mobile penetration has created a new kind of banking customer in Africa—one that is informed, connected and demands services that are transparent, fast and tailored, former First Deputy Governor of the Bank of Ghana, Dr Maxwell Opoku-Afari, has observed.

Writing in the Digital Banker Africa Magazine, Dr Opoku-Afari noted that with millions using mobile phones as their primary banking tool, digital wallets and USSD transactions have become ubiquitous, extending access even to remote communities. Fintech firms, he added, have capitalised on this trend by offering cheaper and quicker alternatives to traditional banking. He cited Nigeria’s OPAY as a model platform combining payments, transfers, savings, loans and POS services.

According to him, regulatory frameworks across the continent are also evolving to support this consumer empowerment. Reforms in agent banking, open banking and data-protection regimes, he explained, are helping ensure that innovation advances alongside safeguards.

“The success of digital banking in Africa hinges on how well the empowered consumer is understood and served,” he wrote, urging banks and fintechs to design services for customers who actively compare options and expect seamless experiences across channels.

To put consumers “in control” and unlock scale, Dr Opoku-Afari stressed the need for greater cooperation and interoperability across African markets. Consumers, he argued, should enjoy full control over their financial choices, supported by clear disclosures, proper consent mechanisms and seamless access across platforms and regions.

He called for a concerted effort to harmonise digital banking regulations across the continent, paving the way for a more integrated financial market where customers can transact easily regardless of borders or providers.

RelatedPosts

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

“The prize,” Dr Opoku-Afari wrote, “is a digital ecosystem that drives financial inclusion and economic growth by reducing duplicative costs, boosting competition and making cross-border payments routine.”

Tags: Africa’s Digital Banking FutureAfrica’s Digital Banking Future Hinges on Empowered Consumers – Dr Opoku-AfariEmpowered Consumers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation 

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

Trending

Business

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

October 21, 2025

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks Ethiopia has officially moved closer...

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

October 21, 2025

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

October 21, 2025

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

October 21, 2025

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

October 21, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.