How Fintech Can Disrupt Africa’s Cash-Based Economy

Eighty percent of Africans don’t have a bank account – let alone a credit card – but they have a phone, and for most that will soon be a smartphone. The lack of legacy means Africa is a greenfield opportunity for fintech.

Is Facebook’s new payment service a game changer?

The new P2P payment service Facebook offers will certainly give a total different user experience in payments, however it is not a game changer. The underpinning infrastructure is still the one owned by traditional players, like banks and credit card companies.