Browsing: Africa’s fintech developments

Over a couple of decades, cash and mobile app money transactions such as M-Pesa have dominated the financial space, but with its growth, there is a new collaboration with Fintechs set in place to capture the price-sensitive market with improved innovation and open-loop digital solutions in East Africa.

Financial technology (Fintech) is used to describe new technology that seeks to improve and automate the delivery and use of financial services. ​​​At its core, fintech is utilized to help companies, business owners, and consumers to better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones.

The International President of Ukheshe Technologies Mark Dankworth, firmly believes that the region is poised for a surge in digital banking growth, with the likes of MCQR and virtual cards likely to make the biggest impact.

This follows the Kenyan retail-tech startup, Tanda which …