POSTS TAGGED : financial technology

Could Mobile Phones Lead The Rise of The Cashless Economy in Africa?

The world is moving towards a global economy that deals less with paper and more digitalized data. Electronic payments have made substantial inroads among consumers in some developed countries, and many of these markets have been building the infrastructure for cashless transactions for a long time. However, even in the most cashless developed countries, such as the Netherlands, cash is still used in 40% of all consumer transactions.

Entrepreneur using smartphone

Trends in Africa

Africa is already leading the world in the use of mobile money, and its growth is accelerating with Internet penetration rising rapidly through mobile technology. In countries such as Kenya and Uganda, mobile-money accounts have become much more widespread than bank accounts.…

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5 Reasons That The FinTech Sector Is Booming (And Won’t Slow Down)

It’s no secret that FinTech is booming. The sector is attracting users and investors by the millions, taking over operations that were once exclusively the domain of banks. UK neighbourhoods, such as Shoreditch, Old Street and King’s Cross, have undergone dramatic overhauls as they have become hubs of the industry. Everyone wants a piece of the pie.

FinTech trends

Banks fear the rise of the FinTech sector, and with good cause. They’re quickly being replaced by the far more attractive options FinTech companies are increasingly able to provide.

But why is it that the FinTech sector is rising so seamlessly? Here are the 5 main reasons:

1.

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