FOR IMMEDIATE RELEASEPressnews.biz (Press Release) May 18, 2014 -- “Banking in Africa is still at a nascent stage as we are talking about a continent that still has around 70 - 80% of unbanked population and has tremendous potential to grow. The approach to retail banking in Africa is very different to what one can see in matured markets as the continent is vast and poses a real challenge to traditional distribution models based on branch networks. Technology and new distribution models are playing a vital role in how banking is being brought to the masses in Africa. Indirect distribution models relying on agency, retail and mobile networks seem to be more popular in driving penetration and reach across the 54 African states which are all very different to one another. While some mature markets are still debating these approaches, the actual results on the field in Africa is a tangible proof of their effectiveness in bridging the gap for the unbanked.” - Ashraf Esmael , Chief Executive Officer - Bramer Bank
|Issued By||:||Fleming Gulf`|
|Business Address||:||Fleming Gulf Dubai Airport Free Zone P.O. Box 54772 Dubai, U.A.E.
|Country||:||United Arab Emirates|
|Tags||:||Banking, South Africa, Financial, Investment, Retail|
|Last Updated||:||May 18, 2014|
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