Nikki Kettles, Licences and Payments Regulation Executive at Mukuru, discusses how regulatory barriers often limit fintech innovation and hinder access to financial services for these communities. She highlights the importance of collaboration between fintechs and regulators in overcoming barriers to innovation and expanding access to financial services for underserved communities. Mukuru’s success in holding 49 licenses across 15 countries underscores its deep commitment to working closely with regulators while expanding financial access.
Tag: Financial Services in Africa
Digital wallets as an enabler for financial services in Africa
The recent GSMA 2023 State of the Industry Report on Mobile Money highlights how mobile money has become a mainstream financial tool in many African countries.
Avoiding Instant Electronic Funds Transfer payments Risks
In 2020, e-commerce in South Africa spiked by 66%, driven by COVID-19-induced lockdowns and a drop in brick-and-mortar retail sales[i]. This increase was accompanied by […]
Future proofing banking through the power of data, APIs and automation
The global pandemic has ushered in a new paradigm for the Retail Banking sector, one which demands quicker transformation to a customer-centric service that is […]
Fintech, Ofin, tackles behavioural changes needed to address financial inclusion
It is a common belief that financial access should lead to financial prosperity. According to the World Bank, financial inclusion is defined as all people […]
Affordable digital banking to revolutionise price-sensitive East African payments market
In a region still dominated by cash and mobile money options, like M-Pesa, new collaborations between fintechs are looking to capture the price-sensitive market with […]
The Rise Fund to invest $200 million in Airtel Africa’s mobile money business, at $2.65 billion valuation
Airtel Africa to explore potential listing of mobile money business within four years. Airtel Africa, a leading provider of telecommunications and mobile money services, with […]
Efficient Payment Solutions Essential for SME Survival
Small and Medium-sized Enterprises (SMEs) have long been hailed as the lifeblood of the economy. Now, in the wake of the COVID-19 crisis, they are […]
Development Trend of African Startups and Fintech
Africa is a land of opportunity long neglected. It is unique and the diversity in cultures may make it difficult for something new to be […]
Friday@Noon on Financial Services in Africa: 2018
by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed […]