“At the same time I do think the banks have been very slow to change. You’ve got 54 different markets, 42 different currencies, and very different regulatory regimes,” she said. The fact different African countries have different regulatory models, is holding the fintech space back, Rossiello says. Fintech has become very popular for investors, leading the continent for funding. “The last three years we’ve seen a huge influx of funding into Africa as a whole, and fintech and blockchain more specifically.

Source: The North Africa Journal January 26, 2024 11:59 UTC