Rwanda’s Digital Push Expands Financial Services Nationwide

Speaking at the Inclusive Fintech Forum 2026 on March 11, Dr. Nsengiyumva highlighted the role of technology in rapidly expanding financial inclusion. “Digital money transfers have increased significantly, allowing more people to access financial services and actively participate in the national economy,” he said.

Statistics from 2024 show that 96% of Rwandans now have access to financial services, with 92% using banks or Mobile Money. Innovations in fintech allow rural farmers to receive instant payments, young entrepreneurs to obtain loans via mobile phones, and small businesses to reach global markets.

Dr. Nsengiyumva said Rwanda’s experience demonstrates Africa’s potential to become a hub for business and innovation. “Inclusive financial technology is helping mobilize funds for major projects across the continent, including energy, infrastructure, industry, and citizen empowerment,” he said.

He also noted that digital services have improved government efficiency, making public services faster and more accessible. “Technology is central to expanding financial access, reducing costs, and enabling millions of citizens and businesses to fully participate in the economy,” he said.

Soraya Hakuziyaremye, governor of the National Bank of Rwanda, said the share of adults with access to financial services has surged from 21% in 2008 to 92% today. She stressed the importance of collaboration among African financial regulators to share knowledge, technology, and preserve the value of local currencies.

“Digital currency, efficient payment systems, and advanced technology are now transforming how we transfer money, invest, and regulate financial institutions,” she said. “The future of finance is today, and we must ensure our institutions keep pace with innovation.”

Currently, more than 75% of Rwandan adults have bank accounts, up from just 25% a decade ago, illustrating the rapid growth of financial inclusion in the country.