Algeria

About 71% of Algerians use the internet, and most adults use mobile phones.

44% of adults in Algeria had bank accounts in 2021, leaving 56% unbanked. Financial inclusion is an issue here as only 5% of those account holders use them to pay for bills or buy items, and only 11% save their money in an account.  Most borrowing is done within families, and most saving is a solid form, such as jewellery or property.

In 2021, the government announced they were planning on launching a 100% digital bank in the following years. There is a digital banking platform in Algeria, which offers Open Banking, but that is through a Cypriot company, using API standards compliant with the European PSD2 regulations. 

Algeria ranked 99th out of 134 countries in Wiley’s Digital Skills Global Index 2021.