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FinTech is revolutionising America, the impact on Africa will be 6 times bigger

Every once in a while, the field of innovation and entrepreneurship sees a new trend taking the lead, influencing the market and dominating the headlines. After the age of social media, location services and now the sharing economy period (the list goes on and on), 2019 is marked as “the year of Fintech”. With a variety of technological advancements and innovations (mainly blockchain and challenger banking technologies), the number of ambitious companies in the field has been steadily increasing.

So is the money invested in the sector, with the belief that Fintech has the potential to impact billions of people around the world. The hot trend isn’t exclusive for startups and young companies: in the last years, we’ve witnessed some tech industry giants taking the lead with products like Apple Pay and AliPay, with others are expected to reveal more services soon.

Read the full article: https://www.newtimes.co.rw/business/fintech-revolutionising-america-impact-africa-will-be-6-times-bigger

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Pietro

Master of Science at Bocconi University in Finance, Business Analyst at Twice Corporate Finance

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