After a difficult 2020 during which global investment plummeted due to the pandemic, 2021 emerged as a successful year for both public and private markets.
Nontraditional data is relevant across Africa as credit bureaus don't have the historical depth their Western counterparts enjoy.
Nontraditional data is relevant across Africa as credit bureaus don't have the historical depth their Western counterparts enjoy.
Despite infrastructure and regulatory setbacks, Ecobank's Osahon Akpata says Africa's payment sector has a bright future as banks and FinTechs work together.
The head of the UN economic agency says that central banks in Africa are failing to understand the power of banking innovation; less than a third of people in sub-Saharan Africa have access to the financial system; certain countries like Kenya have seen wide adoption of services like mobile money, but then crossing into Nigeria the same service can be used by 1 percent of people; Telcos have really taken the lead on the continent to help bring access, but central banks are still regulating banks through the lens of traditional banks; regulators are starting to learn and enthusiasm for new ideas is increasing. Source.
As the biggest cryptocurrency exchange in Africa, Luno may push into the U.S., which has one of the world’s largest segment of digital asset investors.
Crypto prices tumbled and companies announced layoffs. “It sucks right now,” said one executive.
Rising interest rates and a slowing economy will shock the business model | Finance & economics...
Karen Webster of PYMNTS talks with Afterpay CEO Nick Molnar about going public early on in the company’s journey; The...
Afterpay operates in the buy now, pay later space and is a similar offering to other fintechs like Affirm and...