The fintech ecosystem has rapidly evolved to become a crucial component of the global financial landscape, revolutionizing the way we transact, invest, and manage our finances. According to the International Trade Administration, by 2025 half a billion people in Africa will be e-commerce users. Fintech Adoption in AfricaNot only are businesses integrating fintech solutions into the their ecommerce business models, but African governments are also implementing the technology to enhance and improve their services. According to the Harvard Business Review Kenya is becoming a hub for Fintech innovation. The report presents a good case of the pain points and challenges holding Africa back from taking advantage of the opportunities that exist with the adoption of ecommerce and its associated technology.


Source:   Ethiopian News
January 10, 2024 13:34 UTC