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In Pursuit of a Cashless Africa: Learning from Nigeria’s Struggle to Accelerate its Transition to Digital Finance
The use of cash for payments is dwindling globally, while the electronic payments industry is burgeoning. As Osahon Akpata at Ecobank points out, this growth is also happening in Africa, though cash still remains king. He highlights several factors that are driving both the growth of digital finance and the ongoing usage of cash on the continent, exploring how African countries can accelerate their transition to a cashless economy — and what they can learn from Nigeria's struggles in that area.
- Categories
- Finance, Technology, Telecommunications
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Kenya Hit By Record 860 Million Cyber-Attacks In 2023
CA says the latest numbers make Kenya among the top three most targeted countries in Africa behind Nigeria and South Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Malaysian Fintech Startup MADCash Secures $1 Million in Funding to Empower Women Entrepreneurs
MADCash funds and grows unbanked and underbanked women entrepreneurs, aiming to create an alternative credit scoring to increase their future bankability.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
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Fintech Mundi Raises USD$15 Million Investment Round
Fintech Mundi unveiled a new Series A-2 funding round totaling USD$15 million, with Haymaker Ventures being the lead investor.
- Categories
- Investing, Technology
- Region
- Latin America
- Tags
- fintech, international trade, MSMEs
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P1 Ventures Closes $25 Million of its Second $50 Million to Back Early-stage Startups
According to Hajjar, P1 Ventures is motivated to deviate from the norm and support the underdogs because it comes from a relatively small economy.
- Categories
- Health Care, Investing, Technology
- Region
- Sub-Saharan Africa
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Citi Grants $6 Million in Debt to Colombian Fintech Sempli
This transaction falls under the Scaling Enterprise program, backed by the U.S. International Development Finance Corporation (DFC) and the Ford Foundation.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- financial inclusion, fintech, lending, MSMEs
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Brazilian Payments Firm, EBANX, Expands into 8 New African Countries
Besides Africa, the fintech firm also revealed its plans for further expansion across Latin America and the Caribbean.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Ant Group Introduces Ten Asian E-Wallets to China to Boost Cross-Border Mobile Payment
In total, these payment methods reach a population of over 175 million in Southeast and East Asia.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech, mobile finance
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