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LONDON, 14 August 2015 – Angola's total banking assets have grown dramatically in recent years, with an eightfold increase between 2006 ($8.5 billion) and 2014 (estimated at $69.8 billion).

In addition, the payment cards market in Angola is at a developing stage. In 2006, there were four payment cards per 100 adults, which increased greatly to an estimated 44 payment cards per 100 adults at the end of 2014. Lafferty Group forecasts that there will be 55.1 payment cards per 100 adults by the end of 2015.

"Angola is now the fifth–largest economy in Africa," observed Lafferty Group's Head of Research, Phathisani Khumalo. "The continued growth of the Angolan economy will lift a certain proportion out of poverty and demand for consumer credit is likely to increase."

There has been a ninefold increase in the number of active debit cards since 2006, when 351,000 active debit cards were in issue. At the end of 2014, this figure had increased to an estimated 3.26 million active cards. Lafferty forecasts that the number of active debit cards will increase to 3.8 million by the end of 2015.

The Lafferty Global Research report for Angola provides a comprehensive overview of the cards, payments and consumer banking market in the country together with invaluable market and competitor intelligence on payments cards, e–money, acquiring/processing, retail banking and consumer finance. The report is now available here.

For further information contact:

Tommy Morahan
Senior Client Relationship Manager
Phone: +353 (0) 98 39119



August updates:
Angola, Tunisia, Turkey, Indonesia

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Established in 1981 by the company founder and executive chairman, Michael Lafferty, Lafferty Group has continued to be the leading global specialist provider of industry research and thought leadership for the retail banking and consumer financial services industry for over three decades.

With particular specialisations in the fields of retail banking, cards and payments and mobile financial services, the group's comprehensive services include Senior Management Councils, Benchmarking Research, Thought Leadership Reports, Conferences, Management Roundtables and Webinars as well as Intelligence and Advisory Services.

Councils are global membership bodies where senior executives meet on a regular basis in confidential sessions to share best practices and brainstorm the future. Members work together to enhance knowledge and identify best practices for mutual benefit.

Global Management Roundtables and International Conferences
Lafferty Conferences take place in every corner of the globe and feature world–class speakers from every aspect of retail banking and cards and payments. The conferences provide a stimulating and interactive forum with exceptional levels of delegate participation. Global Management Roundtables offer our invited guests and discussion leaders a rare inclusive opportunity to share their expertise and informed opinions.

Lafferty Global Research Databases
Lafferty Global Research databases are an online resource providing critical market and competitor intelligence on payment cards, e–money, acquiring/processing, retail banking and consumer lending. Covering over 70 countries, Lafferty Global Research databases provide clients with the information they need to make informed decisions in those markets where they already have a presence, as well as enabling them to make an accurate assessment prior to entering (or leaving) a market.

Lafferty Publishing
Lafferty Group report on exciting new industry developments, especially in the areas of retail banking, cards and payments, innovation in banking, e–money and e–commerce. With the knowledge we provide, our readers can be proactive instead of reactive.

Lafferty News Service
The Lafferty News Service provides the weekly Retail Banking Intelligence and the weekly Cards, Payments & Mobile Intelligence newsletters as well as the monthly Merchant Services Intelligence. We also offer several closely focused monthly newsletters including FinTech Watch, Retail Finance Intelligence, Cyber Crime International, P2P Watch, Mobile Finance Intelligence, Digital Banking Intelligence, Social Media Intelligence and Prepaid Intelligence. Our newsletters offer a compelling blend of news, commentary, interviews, analysis, country reports, statistics and more.

Retail Banking Academy
With the launch of the Retail Banking Academy in 2012, Lafferty Group made a major commitment to professional education for the banking industry. The Academy operates worldwide and is the only educational and professional body in the world dedicated exclusively to offering postgraduate professional education in the retail banking and cards and payments fields.