Africa’s fintech sector has held a commanding lead on all fronts in recent years. Despite taking a significant hit from the global VC downturn in 2022, it remains the
The African continent has enormous economic growth and development potential, but one of the major impediments is a lack of mobile internet access and financial inclusion. As the World Bank
The Central Bank of Nigeria (CBN) in following up with its plans towards achieving financial inclusion in Nigeria has introduced an Open Banking policy, which is aimed at deepening financial
Trustee, a leading international organization promoting financial inclusion and innovation, has announced Guinea Fintech Week 2023, which will be held from June 14-16 at the luxurious Palm Camayenne hotel in
Companies, both inside and outside the tech sector, are constantly looking to improve their offerings. Developing safe payment mechanisms is one of the most important changes companies can make, in
The recent scarcity of the naira across Nigeria as a result of the CBN directive to phase out old notes of the #1,000, #500, and #200 denominations has increased
Since tech startups took the center stage in Africa in the last decade, fintech startups have effortlessly exacted their dominance with superior performance year after year. In 2022 for instance,
Africa is still considered a cash economy, with less than 10% of financial transactions performed electronically in 2021, per McKinsey report. This is because, despite having a population of approximately
Between 2011 and 2016, 700 million people signed up for a bank account globally. In 2016, the World Bank (WB) set a goal of securing universal access to formal financial
With a goal of providing banking services to the unbanked and underbanked in the nation, Canada-based Neobank, Be Mobile Africa, has announced its formal launch in South Africa. Through its
WorldRemit and Hello Paisa, two top worldwide digital remittance startups, recently announced a partnership to offer cash pickup services across Zimbabwe. Through the collaboration, which went into effect on July
Vodacom has introduced VodaLend Cash Advance, a tool that enables its clients to obtain small, quick cash loans. The mobile network provider claimed that the inclusion was intended for underbanked
