The opportunities for fintech in Zimbabwe are wide-ranging, but the sector needs support to enable greater innovation, growth and development. To date, fintech in Zimbabwe is largely a story of digital payments. Driven by a range of factors, the volume of digital payments grew from 38 million in 2012 to 367 million in 2016, and then accelerated to 1.96 billion in 2018.

As of July 2019, the 50 fintechs identified, primarily working in payments and remittances, have a key role to play to provide innovation for the financial sector.

This study report looks at the supply and demand of the fintech market and its patterns of growth as well as examins the interaction of supply and demand within the market ecosystem.

The report also presents a summary of the strengths, weaknesses, opportunities and threats for fintech in Zimbabwe and provides a series of recommendations for the short, medium and long term.