Financial Inclusion in South Africa

South Africa is a country in Sub-Saharan Africa. On this country page, you can find key financial inclusion knowledge resources and data available specifically for South Africa, including the latest publications, news and events. 

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Key Financial Inclusion Data

The charts below, based on the latest available Global Findex data, explore key financial inclusion trends in South Africa. Find out how the country compares to others in the region and across the globe on important aspects of financial inclusion such as account ownership and usage, the gender disparity in financial inclusion and financial resilience.

Account Ownership

Percent of adults age 15+ with an account at a financial institution or through a mobile money provider. Regional data excludes high income countries

Source: Global Findex Database

Gender Gap in Account Ownership

Percent of adults age 15+ with an account. Regional data excludes high-income economies

Source: Global Findex Database

Use of Financial Services

Percent of adults age 15+. Regional data excludes high-income economies

Source: Global Findex Database
Case Study

This focus note features a range of case studies based on CGAP's research and highlights the potential and actual impacts of microenterprise fintech models.

Guide / Toolkit

This technical guide introduces the open finance self-assessment tool and development roadmap. It provides practical tools for policymakers to use to decide whether to implement an open finance regime to advance financial inclusion.

Paper

The purpose of this Roadmap is to identify obstacles, barriers and challenges to the adoption of an increased and effective usage of digital payments, and to develop a multi-disciplinary and stakeholder action plan to unlock the inclusivity, effectiveness and sustainability of digital payments in South Africa.

News & Events

Members of the financial inclusion community contributed the following news and events.