The underbanked represents more than 88 million individuals and nearly $1.3 trillion in wages. And young people of colour make up a large proportion of this, despite their size and spending power. How is My Money My Future reaching out to this group using technology and pop culture?

South Africa has the largest economy on the continent, but people are still putting their trust in cash payments rather than new fintech services. They’re opting out of mobile payment methods for reasons like fear of fraud and lack of knowledge about the options available.

In 2012, Nigeria established a cashless policy, encouraging banks and people alike to take a step towards digital finance by making the use of notes and coins more expensive. Now, Wema Bank has launched ALAT, the continent’s first fully digital bank.

Millions of people worldwide are still paid in cash, which can be expensive for businesses to manage and insecure for employees. The Better Than Cash Alliance – a partnership of governments, companies and charities – aims to change that, encouraging digital payments to boost financial inclusion.