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Arrabet, a major player in digital transformation in Morocco, has partnered with Skaleet, a leader in next-generation core banking solutions in Europe and Africa, to launch a new neo-banking offering dedicated to the African market.
This partnership aims to transform access to digital financial services and address the growing need for banking inclusion on the continent, Arrabet said Wednesday in a press release announcing the deal.
This union comes as the number of fintechs on the continent has nearly tripled between 2020 and 2024. However, despite this growth, only 20-30% of African bank customers use digital banking services, compared with around 50% in Asia and Latin America, Arrabet added.
Together, Arrabet and Skaleet will be offering a comprehensive solution for banks to launch or modernize their digital banking services. This partnership aims to provide flexible, scalable, and secure solutions tailored to the needs of emerging markets.
