Shared payment streams the future of fintech in Africa

Shared payment streams the future of fintech in Africa

Analysts are predicting significant growth for Africa’s fintech industry in coming years, with fintech service providers (fintechs) disrupting traditional financial services and unlocking the potential of shared payment streams. These are intermediary platforms...
How AI is being applied to AML and compliance

How AI is being applied to AML and compliance

Several technologies are changing the fields of anti-money laundering (AML) and compliance to make them more effective and efficient. Artificial intelligence (AI) and machine learning algorithms can analyse large amounts of financial data in real-time, identifying...
MTN expanding its fintech services

MTN expanding its fintech services

MTN Group has plans to grow its current fintech services into a standalone entity to offer various financial services to customers across Africa. The company already offers a mobile money service called MoMo in nineteen countries in Africa, but its latest plan is to...
Mobile wallet 1.0 vs wallet 2.0

Mobile wallet 1.0 vs wallet 2.0

New innovations are changing Africa’s mobile money ecosystem for consumers and businesses alike. Electronic payments through mobile service providers, also called telcos, are increasingly displacing cash transactions in many countries on the continent. Africa is...