This article was written by Chernay Johnson at Cenfri. This article was originally posted to Spore, you can read the full article here with research assistance from Jemma Maclear. Nearly US$3 billion has been generated through agribusiness in Africa, touching the lives of over 33 million users of digital solutions in this space. Digitisation in agribusiness [...]
This article was written by Nadine Chehade on the CGAP blog, originally published here. What does the fintech landscape look like in the Arab world? To better understand fintech in a region with roughly 140 million financially excluded adults and 13 million companies that lack financing, CGAP has conducted an in-depth desk review and 150 interviews to date with [...]
Accenture blog by Accenture Banking & Alexandra Stitt, Devon Kestle, Eliza Netter and Reagan Lashlee which was originally published here. How regional banks can best get the innovation boost and growth value they need from participating in a consortium for fintech investment is two-fold: upgrade their core technology systems and empower their people and culture. Evolve [...]
The Banking Association of South Africa written by Institute of International Bankers here. The Institute of International Bankers (IIB) represents internationally headquartered banking/financial institutions from over 35 countries in connection with U.S. legislative, regulatory, compliance and tax issues that affect their banking, securities and other financial activities in the United States. In the aggregate, IIB members’ [...]
Payments Africa written By: Gwenael Trotel, Standard Bank’s Head of Consumer Solutions and Digital Cards The financial services landscape is fast changing. Technology is disrupting traditional offerings and those who have previously been unable to access banking services are now being brought into the fray through digital and more accessible offerings. It is not only the [...]
World Banks Blog written by Asli Dekirguc-kunt here. It has been more than 10 years since the global financial crisis. As happens after every crisis, this crisis also triggered extensive regulatory reforms, since strong regulation and supervision is essential for the stability and inclusiveness of the banking sector and the crisis revealed many shortcomings. A decade [...]
World Bank Blogs written by Salah-Eddine Kandri here. We used to think of the three R’s—reading, writing, and arithmetic—as the foundational skills in today’s education systems. As we turn to a new decade, it’s time to add another: digital. Nowhere is the need for digital skills more pressing than in Africa. Home to eight of the [...]
CGAP blog written by Greg Chen and Xavier Faz here. A hawker on the streets of Nairobi opens her cellphone and shares her most recent M-PESA and Equity Bank transactions with a budgeting app. She uses the app to schedule payments according to her cashflow, ensuring her bills are paid on time. An electrician working in [...]
New data from Juniper Research has found that the volume of domestic money transfers via mobiles will exceed 203 billion in 2024, up from 130 billion in 2019. Domestic P2P payments will drive this growth; accounting for 80% of all domestic transfers in 2024. According to the new research, Digital Money Transfer & Remittances: Domestic & International [...]
• 30% of the total volume of products were sold at a discounted price in 2018 • 66% of promotions don’t break-even South Africa is home to a nation of promotion obsessed shoppers. This insight stems from a newly released Nielsen report The Price of Promoting, which shows that 75% of South Africans claimed to know the [...]
