African Blockchain Developers Network’s Post

🌍 Africa: The Fintech Revolution You Can’t Ignore. While most people focus on the US and Europe, Africa is leading the charge in fintech innovation—especially in cross-border payments. Here’s why: 🚀 Mobile-First Banking – In markets where traditional banking infrastructure is limited, mobile money solutions like M-Pesa, Ozow, and Flutterwave are transforming financial access. 💳 Alternative Payment Methods – Africa is rapidly adopting digital wallets, crypto, and real-time payment rails to bypass slow, costly banking systems. 🔗 Bridging the Global Trade Gap – More African businesses need cost-effective FX solutions to trade internationally—creating massive opportunities for fintechs specializing in cross-border payments. The next big fintech disruption is happening in emerging markets. Who else sees Africa as the next fintech powerhouse? #FintechAfrica #CrossBorderPayments #EmergingMarkets #FXInnovation #SouthAfrica Brett le Roux Gert Delport 🇿🇦

Bank Transfers Dominate Financial Transactions in West Africa, Nigeria Leads The Way – Survey Bank transfers have emerged as the most popular method of payment in West Africa, driven by the rapid adoption of digital technologies, and the expansion of fintech solutions in the region. A recent survey titled “Emerging Trends in Cross-Border Payments”, revealed that across the West African region, financial inclusion initiatives have brought millions of people into the formal banking system. This has made bank transfers a preferred choice for both personal and business transactions. Also, the rapid growth of smartphone usage in the region has further accelerated the adoption of bank transfers. Nigeria, the region’s largest economy and financial hub, plays a pivotal role in this transformation, leading the charge in the widespread adoption of bank transfers for both personal and business transactions.  Read more 👇 #Banktransfers #Westafrica #Fintech #Nigeria https://lnkd.in/dygHXCka

Bank of Ghana in partnership with Giesecke+Devrient performed a CBDC pilot project with a diverse set of #online and consecutive #offline cases in the off-grid area of Sefwi Asafo. I am excited to share some learnings from this project where #Filia team proudly participated: 💸 Offline functionality is critical to dealing with the last mile financial inclusion challenges. BoG tested consecutive dual offline payments in off-grid locations, where both the payer and the payee are offline. Imagine rural market vendors and customers being able to make and accept digital payments, without the need for network connectivity and smartphones, using readily available smart cards. 🧐 Learn through the pilot. CBDC is still relatively unchartered waters with not so many actual deployments among central banks. Hence, we can learn valuable lessons from each project and how people use digital currency in practice. For instance, it was noted that while the smart cards with the eCedi were used by consumers as a means of transacting, they were also popular as a store of value - protected with a PIN-code. 💡 Education and awareness campaigns are needed for general acceptance and usage. The results of end-user survey on the eCedi before and after the pilot showed how information and awareness positively impact people`s perception of CBDC. 🧮 Compensation model is one of the pillars of CBDC adoption. The eCedi should be free for the user. However, a revenue model would be developed on value added services and fees and charges levied. Read how it was in the full report by BoG:

I just completed the Certificate for Fintech in Africa by the CFTE - Centre for Finance, Technology and Entrepreneurship, and it was an incredible learning journey! 🌍 Here’s a snapshot of what I gained from the course: 𝑲𝒆𝒚 𝑪𝒐𝒎𝒑𝒐𝒏𝒆𝒏𝒕𝒔: Artificial Intelligence (AI) is transforming financial inclusion across Africa by powering credit scoring, fraud detection, and enhancing customer experiences. Blockchain is creating opportunities for secure, low-cost cross-border transactions, which are essential for Africa’s remittance-driven economies. Payment solutions led by mobile money platforms like M-Pesa are increasing access to fast, affordable transactions. Regtech is helping fintech firms manage compliance, reduce fraud, and handle risk amid Africa’s diverse regulatory landscape. Open Banking is enabling innovation by securely sharing customer data to develop personalized financial products. Lastly, Sustainability in fintech is gaining traction, aligning fintech projects with green finance and environmental impact. 𝑻𝒓𝒆𝒏𝒅𝒔 & 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔: Embedded Finance and Crypto Adoption are booming, with Africa leading in digital-first banking and financial inclusion. The continent’s large unbanked populations and unique needs create immense opportunities for fintech growth, though challenges like complex regulations, connectivity issues, and security concerns need to be addressed. 𝑹𝒆𝒈𝒖𝒍𝒂𝒕𝒐𝒓𝒚 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔: Navigating Africa's evolving regulatory frameworks is critical for fintech growth, particularly as firms scale across borders. Balancing innovation with compliance is a major focus as regulations continue to adapt to fintech’s rapid evolution. Africa’s fintech sector is advancing quickly, reshaping financial services and fostering economic growth across the continent. Excited to witness and contribute to the future of finance in Africa! Central Bank of Nigeria The Nigerian Economic Society Centre for the Study of the Economies of Africa (CSEA) The World Bank African Export-Import Bank (Afreximbank) African Development Bank Group African Diaspora Network #FintechAfrica #ArtificialIntelligence #Blockchain #MobilePayments #FinancialInclusion #Regtech #OpenBanking #Sustainability #DigitalBanking #Innovation #FintechTransformation #EmergingMarkets #FinancialServices #AfricaTech #FutureOfFinance

Last week, African Fintech news was brimming with major moves from the top brass!🏦🚀 👇The infographic below highlights the top 7 updates. What do you think about these developments? Please share in the comments below! The top 7 updates feature the Central Bank of Kenya, Luno, Naicom Nigeria, Fintech Association Of Nigeria, Ghana Interbank Payment and Settlement Systems Limited, Zimswitch Technologies, and Pick n Pay. Are you curious to learn more about these stories and their implications? Our weekly newsletter delivers an in-depth analysis of all the key moves, funding rounds, and trends shaping the landscape. 📍Subscribe now and stay informed: https://lnkd.in/dHFUwZgi You stay informed, you stay ahead! #fintech #payment #tech #currency #regulation #licensing #thepaymentlogue #africa #wallet #fintechnews

Digital lending in Nigeria, driven by fintech companies, represents a transformative force in the nation's financial landscape. By leveraging cutting-edge technologies like artificial intelligence, blockchain, and big data analytics, these companies are providing accessible, efficient, and innovative financial services that address the shortcomings of traditional banking. From seamless payment solutions and secure digital wallets to diverse savings and investment platforms, fintech has expanded the reach of financial services, particularly in the lending sector, where digital platforms offer quick and easy access to credit for individuals and small businesses. Despite these advancements, the journey of digital lenders is fraught with significant hurdles. Regulatory complexities, prudential guidelines misaligned with the operational realities of digital lenders, challenges in accurately assessing creditworthiness, data privacy concerns, and cybersecurity risks present substantial barriers. These issues not only impede the growth and scalability of digital lending operations but also pose risks to customer trust and financial stability. To navigate these challenges, it is imperative for regulatory frameworks to evolve in a manner that supports the unique characteristics of digital lending. Tailored regulations, a unified regulatory approach, and strategic partnerships for data sharing can foster a conducive environment for digital lenders to thrive. Collaborative efforts between regulators and digital lenders can enhance innovation, promote financial inclusion, and drive economic growth in Nigeria. This article delves into the merits and challenges of digital lending in Nigeria, offering insights and recommendations to harness its full potential while addressing the regulatory and operational hurdles that stand in the way. #PerchstoneAndGraeys #Fintech #DigitalLending #BankingAndFinance #FinancialSector #Nigeria #Banks #FintechLaw

𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐧𝐞𝐰𝐬 𝐟𝐫𝐨𝐦 𝐀𝐧𝐠𝐨𝐥𝐚'𝐬 𝐦𝐨𝐛𝐢𝐥𝐞 𝐦𝐨𝐧𝐞𝐲 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞! 📱💰 Did you know that Angola has reached a remarkable milestone of 10.32 million registered mobile money accounts? This figure, reported by Angola's Central Bank, showcases the country's digital financial transformation. What you should know: 🔸 10,320,250 mobile money accounts registered 🔸 Demonstrates Angola's growing embrace of digital financial services 🔸 Highlights the potential for further fintech innovation in the region As Africa continues to lead in mobile money adoption, Angola's progress is a testament to the continent's digital revolution. This trend is opening new opportunities for financial inclusion, economic growth, and innovative fintech solutions. What are your thoughts on this development? How do you see mobile money shaping the future of finance in Africa? www.africatechtalks.com #MobileMoney #FinTech #Angola #DigitalTransformation #AfricanTech #afrimoney #unitelmoney

From the rise of fintech innovation to the increasing prominence of mobile money and cypto, several key trends have shaped the the African financial industry in recent years, presenting both challenges and opportunities for stakeholders. Mobile money platforms, in particular, have emerged as a powerful tool for expanding access to financial services, with services like M-Pesa in Kenya leading the way in enabling digital payments and transfers for millions of people previously excluded from the formal financial system. Also, the COVID-19 pandemic accelerated the adoption of digital financial services in Africa, as social distancing measures and lockdowns taught the continent the importance of remote banking and all kinds of contactless payments and financial solutions. Our report takes a quick walk through the highlights of the evolution of the African finance sector over the last decade; uncovering the transformative power of mobile tech, innovative finance, and supportive regulations reshaping Africa’s financial sector into a hub of innovation and inclusion. This is a strategic guide, that reveals innovative opportunities that can help your finance brand win in the coming years in Africa. Download via the link: https://zurl.co/m3bk #PierrineReports #FintechTrends #AfricanFinance #FinancialTrends

Nigeria’s financial inclusion is rapidly advancing, driven by key trends like mobile money, agent banking, and the fintech boom. Innovative solutions from platforms such as OPay and Paga are making financial services more accessible, while agent banking brings banking to underserved communities. Regulatory support, including the Central Bank of Nigeria's Financial Inclusion Strategy, is fostering growth, and fintech innovations like digital lending and P2P payments are empowering the unbanked. Despite challenges such as infrastructure gaps and low financial literacy, the future of financial inclusion in Nigeria looks promising. Do you think investing and buying shares from trending banks is a good investment decision? Let's hear your thoughts #FinancialInclusion #Fintech #Nigeria #NigeriaBanking #CBN #crypto #FinancialInstitution

🌍 Africa’s Mobile Money Revolution: Driving Cross-Border Transactions and Digital Innovation Africa is witnessing remarkable growth in mobile money, transforming how businesses and individuals transact across borders. Here’s the latest on what’s shaping this evolving landscape: 🔹 Mastercard & MTN Partnership: Recently, Mastercard and MTN joined forces to expand mobile money services across 13 African countries. This partnership is set to provide businesses, especially SMEs, with digital payment solutions, including cross-border remittances and QR code payments. These advancements make it easier and more cost-effective for businesses to operate internationally. 🔹 Binance’s Expansion: In a significant move, Binance now allows users in select African countries to purchase cryptocurrencies directly via mobile money. This development is promoting financial inclusion and empowering individuals to participate in the digital economy, supporting industries like crypto and forex trading. These advancements reflect a growing synergy between traditional financial institutions and fintech in Africa, paving the way for more inclusive, flexible, and efficient financial developments. At FirmEU we work with several fast-growing fintech companies in Africa. These companies will ensure that this market continues to grow in importance. #MobileMoney #Africa #Fintech #CrossBorderPayments #FinancialInclusion #Crypto