Chief Executive Officer of Moondoog Technologies, Isaac Chris-Quaye has welcomed the growing shift toward digital financing systems across Africa, describing it as a major opportunity for African tech creators to build the digital infrastructure and operating systems that will power the continent’s financial future.
Speaking on the sidelines of the 3i Africa Summit, he noted that the rapid adoption of digital finance and mobile payment systems across Africa presents enormous opportunities for software developers, fintech innovators, and technology entrepreneurs to create integrated payment solutions capable of supporting cross-border trade and financial inclusion.
According to the AfricaNenda Foundation’s analysis of the Global Findex 2025, the proportion of adults in Sub-Saharan Africa with either a bank or mobile money account increased from 34% in 2014 to 58% in 2024, while more than half of adults in the region had made or received digital payments by 2024.
The expansion has largely been driven by mobile money services and fintech innovation, with Africa accounting for approximately 66% of the global value of mobile money transactions in 2025. Mobile money transactions on the continent reached an estimated $1.43 trillion in 2025, highlighting the growing reliance on digital financial platforms over conventional branch-based banking systems.
Chris-Quaye stated that the continued growth of digital financing across Africa creates an urgent need for robust and secure technological systems capable of supporting unified and interoperable payment ecosystems across the continent.
He explained that the future of Africa’s digital economy will depend heavily on the ability of technology firms to design scalable, secure, and efficient financial systems that can facilitate seamless transactions across borders while protecting users against emerging cybersecurity threats.
“These are things that can actually make payments much easier across African countries, like a unified platform, for example. And these things help tech creators like ourselves build software that can run, because obviously without payments, what happens to your business model? It collapses,” he said.
Regulators, financial institutions, and fintech service providers at the summit also highlighted the vast economic potential of interoperable cross-border payment systems, which are expected to reduce transaction costs, improve trade efficiency, and accelerate Africa’s digital and financial integration under frameworks such as the African Continental Free Trade Area (AfCFTA).
The growing expansion of digital financing across Africa has significantly increased the demand for software engineers, cybersecurity experts, fintech developers, artificial intelligence specialists, and digital payment infrastructure creators. Developers are now required to build interoperable systems, real-time payment rails, fraud detection tools, and cross-border transaction platforms.
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