From Unbanked to Empowered: the Real Test for Mobile Finance in Africa

From unbanked to empowered: the real test for mobile finance in Africa

Africa’s young, tech-savvy population is leading the charge in reshaping the continent’s future. As home to the fastest-growing demographic in the world, Africa’s youth are not only influencing tomorrow’s society but are also at the heart of innovation in financial services, particularly through the adoption of mobile technology. By Thabo Molefe, head of Africa regions at TransUnion Industry collaboration is increasingly vital for ensuring that …

Beyond Speed: Securing Fintech Expansion with Smarter Identity Verification

The banking industry is facing a fundamental restructuring that will change how people interact with their finances for years to come. Between 2019 and 2023, fintechs doubled their market capitalization and are expected to grow at triple the rate of traditional banks in the next five years (McKinsey). While a significant amount of early fintech adoption has taken place in developed markets around the world, emerging markets in Asia, Africa, and …