Penetration rate of banking accounts in South Africa 2014-2029
The population share with a banking account in South Africa was forecast to continuously increase between 2024 and 2029 by in total 8.7 percentage points. After the fifteenth consecutive increasing year, the banking account penetration is estimated to reach 96.62 percent and therefore a new peak in 2029. Notably, the population share with a banking account of was continuously increasing over the past years.
The penetration rate refers to the share of the total population with a bank account.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).
The penetration rate refers to the share of the total population with a bank account.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).
