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Browsing: FinTech
In a report by GSMA released earlier this year, mobile money accounts grew to 1.2 billion with 43% of new users all from Africa.
Inferring from this growth rate in just one year, it’s clear that the market size for offline payments is significantly larger than online payments. In coming years, we’ll be focusing on this space even as we continue to grow in online payments.
In sub-Saharan Africa alone, there are 44 million micro, small and medium enterprises providing the majority of jobs effectively serving as the backbone of the economy in their countries.
The Ghana.gov platform also serves the digitization and revenue-collection needs of other Ministries, Departments and Agencies (MDAs) and Metropolitan, Municipal and District Assemblies (MMDAs)
As of mid-July, 2021, about 624,000 users have logged in to pay for 37 government services, comprising taxes, levies, royalties and stamp duties, directly into Ghana Revenue Authority (GRA) accounts.
I ended my May 2021 essay with the hypothesis “…leading fintechs might turn around and start acquiring the banks” and,…
On 1st of April, as I was publishing my Uniconization of African Fintech piece[1], Mastercard was busy announcing their $100…
Fintech has the potential to revolutionize the African financial services landscape. Already mobile payments and microloan technologies are taking root…
Africa’s Cashless Payment Revolution, According to World Bank data, more than two-thirds of Africa’s population has no access to the formal banking…
A South African tech-based company FinChatBot has secured a funding round worth $1.6 million to drive expansion beyond South Africa.…
Salesforce Ventures has announced a second impact investment fund amounting to $100 million dollars. Salesforce Ventures is the investment arm…
It is unfair to mention African development pillars without mentioning the agriculture sector which employs nearly half of the population…
The UK-based development finance institution and impact investor, CDC, invested $40 million dollars into Liquid Telecom. The deal is part…