Africa's 'finnovators' to mobilise in Ethiopia in November - News Summed Up

Africa's 'finnovators' to mobilise in Ethiopia in November


Mountaga Diop, founder & CEO of Ethiopian based mobile payments solutions company, BelCash, says everyone benefits when unbanked and underbanked communities have access to digital financial services. He said leaders will be seeking "to harness the growing momentum around digital financial services into more inclusive and productive economies across Sub‐Saharan Africa." According to Ethico Live, FinTech players are increasingly becoming an important part of the fabric of Africa's financial services ecosystem. FinTech start-upsAccording to Disrupt Africa's Finnovating for Africa: Exploring the African Fintech Ecosystem Report 2017, payments and remittances start-ups account for the majority of Africa's over 300 FinTech start-ups, though blockchain companies are the more likely to secure funding. Disrupt Africa found that FinTech start-ups are spread across the continent, with the Southern, West and East African regions equally active, while North Africa lags behind.


Source: The North Africa Journal August 15, 2017 12:56 UTC


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