Rwanda has unveiled an ambitious five-year FinTech strategy (2024-2029) aimed at positioning the country as a regional hub for financial services while advancing financial inclusion. The plan seeks to strengthen Rwanda’s FinTech ecosystem by leveraging technology to drive economic growth and socio-economic transformation.
While the global FinTech sector promotes financial inclusion by improving access to financial systems, challenges like inadequate regulation and consumer protection persist. Rwanda’s new strategy addresses these issues to ensure sustainable growth and long-term benefits for the economy.
Rooted in Vision 2050 and aligned with the National Strategy for Transformation, the strategy focuses on two key goals: establishing Rwanda as a launchpad for local and global FinTechs, and promoting digital financial inclusion to reduce economic disparity. It also supports the nation’s move toward a cashless society by encouraging digital payments, in line with the National Payment System Strategy.
By creating a supportive environment for innovation and reducing barriers, Rwanda aims to attract investment and become a leader in Africa’s financial landscape, driving transformative growth across key sectors.
