Tag "fintech ecosystem"
Despite Growth and Potential, Fintech Development Faces Challenges in Nigeria
In Nigeria, the fintech industry has expanded well beyond payment services to now encompass a wide range of segments, including regulatory compliance, credit and blockchain. This growth has been driven by mass adoption of digital financial services and increased collaboration
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Financial Inclusion Improves in Tanzania, Facilitated by Mobile Money
In Tanzania, financial inclusion is improving at a rapid pace, facilitated by the proliferation of mobile phones and a significant uptake in mobile money services usage in the country, a 2023 study by Financial Sector Deepening Tanzania (FSDT), a local
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Tanzanian Fintechs Struggle With Unclear Regulation, Limited Funding, Lack of Talent
Although the fintech ecosystem in Tanzania has developed rapidly over the past decade, it remains nevertheless small and nascent with just 33 pure fintech players identified. Out of these companies, only 36% have managed to secure seed funding or growth
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Mauritius Government Ramp up Effort to Building up Fintech Ecosystem
Striving to become a hotbed for fintech innovation, Mauritius’ Budget 2021-2022 has laid out a series a new measures to stimulate further growth in the sector. These measures include the setting up of an Open Lab by the Bank of
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Ethiopian Fintech Scene Shows Great Promise as Africa’s Next Fintech Hub
Ethiopia’s large population of unbanked, the government’s current digital push, and recent finance reforms are bringing new opportunities for fintech startups and financial innovation. With more than 112 million people, Ethiopia is the second-most populous nation in Africa and is
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Booming Nigerian Fintech Sector Could See Revenues Reach US$543M by 2022
Fintech revenues in Nigeria are projected to reach an estimated US$543 million by 2022, driven by increasing smartphone penetration and a large population of unbanked eager to adopt digital financial services, according to a new report by the Economist Intelligence
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Fintech to Solve Financial Exclusion in Egypt
In Egypt, fintech is set to play a key role in providing basic financial services to the large pool of unbanked people, according to experts and industry observers. Egypt is the most populous nation in the Middle East and North
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