Report : Kora and Finextra examine the future of Fintech in Africa
Kora, a pan-African company specializing in payment infrastructure, has partnered with Finextra, a platform specializing in financial technologies, to present an in-depth analysis of the African economic landscape in a white paper titled "The Future of Fintech in Africa, 2023". With contributions from experts from across the continent, this report offers a comprehensive view of Fintech in Africa, exploring emerging trends and upcoming challenges.
In this collaborative report, experts from Kora, Finextra, Binance, Yoco, and six other companies share their insights, based on thorough research and practical experiences. They analyze emerging trends driving the evolution of Fintech in Africa, from the transformative potential of artificial intelligence (AI) to the revolutionary impact of blockchain and cloud technologies on cross-border payments.
« For Finextra, this initiative aims to advance the financial landscape in Africa, » said Dickson Nsofor, CEO of Kora. « We are thrilled to present ‘The Future of Fintech in Africa 2023’ in collaboration with Finextra. This white paper reflects our commitment to advancing the financial landscape in Africa and empowering businesses in the Fintech sector. »
This significant growth reflects the increasing confidence of investors in the potential of the African financial technology market
Investments in African Fintech startups reached a record level, surpassing $2.7 billion over the past year, according to data gathered by Disrupt Africa. This significant growth reflects the increasing confidence of investors in the potential of the African financial technology market. The growth of mobile payments and electronic money transfers highlights the ease of use and increased accessibility of Fintech services, simplifying financial processes for users.
These data highlight the active role of Fintech in Africa in redefining financial paradigms on the continent
These data highlight the active role of Fintech in Africa in redefining financial paradigms on the continent. However, this dynamic landscape is not without challenges, including regulatory issues, security of electronic transactions, and infrastructure disparities between regions. The report explores these challenges and proposes solutions through enhanced collaboration among industry players, governments, and regulatory bodies. By offering an informed perspective, this report aims to guide businesses and investors through the opportunities and risks associated with the rapid evolution of the Fintech sector in Africa.
Read the report : The Future of Fintech in Africa 2023
