The Gambia's Fintech Sector Poised for Growth Amid Digital Transformation Efforts
The Gambia is emerging as a significant player in Africa's fintech landscape, driven by digital transformation and financial inclusion efforts. The country's fintech ecosystem, although small, is expanding with an estimated 10-20 fintech firms focusing on payments, remittances, and basic financial services. The Central Bank of The Gambia (CBG) has been instrumental in modernizing payment systems and promoting digital financial services. Despite challenges such as low banking penetration and reliance on cash, mobile penetration has exceeded 100%, and internet usage is steadily increasing. The government, along with development partners like the World Bank and African Development Bank, is supporting initiatives to digitize payments and improve financial access. 
