Consolidation of the fintech ecosystem in Africa, Good or Bad?
‘Mobile money’ used to be a catch-all phrase, describing everything from consumer wallets to building agent networks, lending, and international remittances.
However, African fintech has gradually matured into an industry with specialist roles, and more players in the market every year.
This shift has seen more companies take on niche roles. This makes strong partnerships between various parts of the ecosystem crucial for the space’s long-term development.
Creating valuable partnerships between fintechs:
There are a huge number of fintechs globally and in Africa, but yet we rarely hear about partnerships between them. This is the current paradox facing the sector. In addition to the number of fintech companies, the widespread use of mobile wallets is enabling companies in other sectors...
