PaySwitch CEO Nathan Annobi Outlines African Expansion Plans and Alternative Credit Solutions for the Unbanked

In this section of the interview, Nathan Annobi, CEO of PaySwitch Ghana, discusses the challenges of digital financial inclusion and the company’s plans to expand its fintech solutions across Africa. He explains why increasing mobile phone penetration and internet access does not necessarily translate into widespread digital technology adoption, particularly in communities where digital literacy remains limited.

While cities such as Accra, Kumasi and Takoradi have greater exposure to digital services, Annobi believes that financial technology solutions must also accommodate people in underserved communities. For PaySwitch, improving digital literacy, simplifying financial services and ensuring accessibility are essential to achieving meaningful digital transformation in Ghana.

Looking beyond Ghana, Annobi outlines PaySwitch’s vision for regional expansion into new African markets, building on financial technology solutions already tested in Ghana. A major focus is improving access to credit for unbanked populations through alternative credit scoring and inclusive digital lending solutions.

He explains how everyday economic activities can provide valuable data for assessing creditworthiness, helping individuals who lack traditional banking records access affordable financing. Annobi highlights the potential impact on African agriculture, where affordable credit for smallholder farmers could increase food production, create employment and stimulate local economies.

Through financial inclusion, alternative credit assessment and strategic fintech partnerships, PaySwitch aims to bridge the gap between traditional financial institutions and underserved communities, supporting economic growth and expanding access to financial services across Africa.