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By Drisha Kirkman, Head of Programme Management and Sustainability at Paymentology Sub-Saharan Africa is experiencing a paradox in its financial transformation. Mobile network coverage now extends to 84% of the population, yet only 25% are actively connected, leaving a 59% usage gap. While the connectivity infrastructure is largely in place, hundreds of millions remain disconnected from the digital financial tools with […]
...Many financial organisations believe that Fintechs, Microfinance Banks (MFBs), and Microfinance Institutions (MFIs) are seventh heavens in the global effort to alleviate poverty in Sub-Saharan Africa. Unfortunately, this impression is very far from reality. Filtering through the World Bank’s 2021 report on Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19, one would […]
...For centuries people have crossed borders to live, work, and trade. While cross-border payment systems are crucial for financial inclusion and growth in a globalised economy, cost and efficiency challenges remain, particularly in Africa. Mark Dankworth, President Business Development Africa at leading pan-African fintech enablement partner, Ukheshe Technologies says fintechs are at the forefront of improving cross-border payments […]
...Eric Osiakwan Three leading Ghanaian fintechs; Hubtel, ExpressPay and IT Consortium joined forces to build Ghana government’s portal https://www.ghana.gov.gh – a digital services and payment platform for Small Medium Enterprises (SMEs), Startups and citizens to access government services at the click of a button. Despite being competitors, these tech ventures saw the need to collaborate […]
...Building a fintech startup is the trend in Africa, and there seems to be a new financial product every month. But after seeing clones after clones of savings apps, it’s refreshing to see people building in other areas. More than $1.07 billion flowed into Africa’s startups in 2020, with the fintech sector accounting for the […]
...There is a massive demand for senior leaders in burgeoning African fintech sector. With the rapid and sustained growth of the fintech sector in East Africa, in particular in Kenya, there has been a sharp rise in demand for skilled leaders to fill positions, and companies are looking globally – and to South Africa specifically […]
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