In the long-term, failure to do so could marginalise banks, as we know them today, as fintechs and block chain technologies increasingly satisfy the demand for financial services in more innovative and cost-effective ways.
According to the World Economic Forum Global Competiveness Report of 2016/17, the Botswana financial sector’s overall ranking is 66 out of 138 countries, representing a slight deterioration from a 8  ranking of 63 in 2015/16.