It’s not surprising that more people in Africa use mobile payment services than on any other continent. Most of Africa has never had access to traditional banking services. And most of Africa gained access to a mobile phone before they had access to a landline. The result is that many people in Africa had access to some form of mobile money service before they had access to a traditional bank...
View ArticleWill Banks and FinTech companies be competitors or partners?
In many ways the banking sector has been the last industry disrupted by technology advancements. Banks have been notoriously slow to evolve, and this has created opportunities for dynamic and nimble FinTehc start-ups around the world. Africa, with its unique challenges, offers FinTech companies plentiful opportunities to fill the gaps left by banks.
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