Africa’s Fintech Market Set For Rapid Growth As High Remittance Costs, Untapped Merchant Opportunities, And Expanding Markets Fuel Demand For Digital Innovation

New BCG and QED report reveals the fintech industry’s strongest fundamentals to date—poised for its next wave of disruption through breakthrough technologies, disciplined growth, and new market penetration Global fintech is entering a new era of maturity and momentum. According to a new report from Boston Consulting Group (BCG) and QED Investors, Fintech’s Next Chapter: Scaled Winners and Emerging […]

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WATCH: How Africa’s Booming E-commerce Sector Supports Business Growth

Africa’s booming e-commerce sector can not only jump-start small businesses but also help large companies enter a market full of energized consumers. Africa has one of the most digitally connected populations on the planet, with 400 million internet users. Sacha Poignonnec, cofounder and co-CEO of Jumia, Africa’s largest internet group, discusses why the e-commerce opportunity in […]

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LISTEN: Daniel Monehin Talks About The Masterpass QR Mobile Payment Solution In Africa

Ecobank partnering with Mastercard to roll-out Masterpass QR across 33 countries The partnership will shift Africa to a instant and secure digital payment solution The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard to roll-out Masterpass QR, a mobile payment solution, across 33 African countries. This new agreement will give Ecobank the […]

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A Major Potential Revenue Opportunity for Mobile Financial Services

Simplifying assumption that revenues are 2% of volume. Source: The Bill and Melinda Gates Foundation; McKinsey analysis. Sub-Saharan Africa offers tantalizing potential for mobile financial services, but as yet there have been few success stories. One hurdle has been the lack of clear numbers on the size of the opportunity. Mobile financial services—often called mobile […]

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