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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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Africa’s leading payments technology company, Flutterwave, has recently announced the launch of its referral program through Send App, its cross-border remittance product. The integration of Swap into Send App has empowered users to effortlessly convert Nigerian Naira (NGN) to foreign currencies, facilitating smooth cross-border money transfers. Remittances are a critical engine for Africa’s projected $1.5 trillion digital […]
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Western Union, Zoona Transactions Zambia Limited and Chipper Cash today announced the launch of international money transfer services in the Chipper Cash app. The co-branded service enables customers in Zambia to send and receive money globally, based on their convenience and needs. Zoona is a leading fintech and enterprise payments platform in Zambia. Acquired by […]
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By Kenneth D. Johnson The African diaspora continues to be a formidable source of financial capital, sending nearly $95 billion annually to the continent, according to the African Development Bank (AfDB). While remittances are critical for household support, their potential to drive broader economic transformation still needs to be explored. Diaspora remittances often surpass foreign direct […]
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By Michael Kent, Founder & Executive Chairman of Azimo This time last year, the world was in collective shock. Lockdowns were wreaking havoc on economies around the world as governments struggled to respond to the pandemic. Trusted institutions were making predictions worthy of a news ticker in a disaster movie. So when the World Bank […]
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Developing countries and migrant workers are among the hardest hit by the economic effects of COVID-19, but there is hope Richard Ambrose – CEO, Azimo The COVID-19 crisis has shuttered businesses from London to Lagos, crippling economic output all over the world. The World Bank estimates that global remittance volumes will plunge by up to […]
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