Saturday, November 23African Digital Business Magazine

Tag: FinTech

Biometric payments – forget sensor size, focus on performance
Fintech, Tech

Biometric payments – forget sensor size, focus on performance

By Jonas Nilsson, Product Manager at Fingerprints Biometric authentication has come a long way in recent years. Launched in the first Android smartphone almost five years ago, fingerprint touch sensors have quickly overtaken PIN as consumers’ preferred authentication method. Now, demand for the same level of security and seamless UX is growing across other payments form factors like smartcards and wearables. But as we look to the future, it’s worth taking a closer look at how the changing size and performance of biometrics came to transform the smartphone market, and what that means for these new form factors. Biometrics’ march into mobile Since entering the mobile market, we’ve continually been refining our biometric technology to meet ever-evolving customer and device maker requirements...
Trends and Events in Africa 2018
Egypt News, Energy, Eritrea News, Ethiopia News, Ghana News, Green Energy, Kenya News, Main, Namibia News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Rwanda News, Somalia News, South Africa News, South Sudan, Togo News, Zimbabwe News

Trends and Events in Africa 2018

by Johan Burger 2018 has been an interesting year for Africa, with various events and trends becoming visible. 2016 saw the effects of the slowdown of China’s economic growth due to its rebalancing of its economy and the end of the commodity price super cycle. 2017 brought some relief. In Africa, 2018 demonstrated a number of continued trends, but also some new events. The NTU-SBF Centre for African Studies publishes a weekly newsletter. These were studied to pick up on the trends prominent in 2018. Some of these trends are more elaborate than others. Trend 1: Foreign Investment in Africa Africa has been the recipient of foreign investment form a variety of foreign countries. In addition to the normal investors such as China, Japan, India, etc., we are also seeing new entrants or countries...
Business, Egypt News, Ghana News, Main, Nigeria News, Rwanda News, Tech, Uganda News

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 in the newsletter. The financial services industry in Africa has seen a lot of development throughout the past few years, as was the case in 2018. Mobile telephony has driven the US$300 million monthly transactions in Africa from 7.2 million new people (up 250% from 2012) using digital financial services and 45,000 new banking agents due to a financial inclusion project. Financial inclusion in Sub-Saharan Africa has increased from 23% in 2011 to 43% in 2017. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neigh...
The Opportunity Cost of Doing Business for SMEs in Africa
Kenya News, Main

The Opportunity Cost of Doing Business for SMEs in Africa

Fintechs are Easing Access to Credit for Small and Medium Enterprises. The African economy has gathered momentum over the years, with an estimated increase of 3.8% of the real output growth in 2017. As the largest economies gradually strengthen, the 2018/2019 performance should reach 4.1% according to the African Development Bank. This economic growth and sustainable development has largely been contributed by Small and Medium Enterprises (SMEs). In Kenya for instance, SMEs contribute approximately 40% to the GDP and employ over half of the country’s workforce. Yet, becoming a profitable SME in the continent is never a smooth sail for many. There’s the presence of stringent government regulations in several countries, though the flexibility of doing business in others is a force to be re...
African News, Business, Fintech, Main

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...