Over the past 15 years, Africa’s fintech scene has undergone a remarkable transformation, expanding access to financial services from simple ATM withdrawals to mobile money, crypto, and super-apps. The game-changing success of Kenya’s M-PESA proved the unbanked could trust digital finance, sparking similar innovations across the continent, including Egypt’s Fawry and Nigeria’s Opay. Companies like Interswitch, Paystack, and Flutterwave have paved the way for billion-dollar valuations and global deals. Despite challenges—like low internet penetration and regulatory hurdles—African fintech has shown resilience, adaptability, and growing investor interest. As the sector continues evolving with bold innovations and social impact, fintech remains a key player in reshaping Africa’s financial future and uplifting everyday lives.
OkayAfrica
