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Africa is leap-frogging the financial world with mobile

Chris Skinner

Here is how he saw things … Fintech in Rwanda: the place where Telcos are surpassing Banks in the financial sector Telcos dominate in the financial sector of Rwanda Last week I participated in the leading fintech conference in Africa “Dot Finance”, which took place in Kigali, capital of Rwanda. ATM of Rwanda”: Tigo Cash agent.

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Today In Payments Around The World: PayPal's Xoom Lowers Cost Of Sending Funds To Africa; Volante Accelerates Convergence For Exchange

PYMNTS

In today’s top payments news around the world, Xoom is now offering clients in the U.S., the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. PayPal’s Remittance Arm Xoom Enables Low-Fee Wallet Transfers Across Africa. Canada, Europe and U.K. Canada, U.K.

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‘Corruption is not an African issue’: bank chief says it’s time to believe in the continent’s future

TheGuardian

In an exclusive interview before this weekend’s World Bank meetings in Morocco, Akinwumi Adesina said there was a resurgence of belief in Africa’s economic prospects and attacked negative stereotyping, adding that there was “every reason to be optimistic”.

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Amazon CEO Jeff Bezos Invests In Chipper Cash In Latest African FinTech VC Deal

PYMNTS

Armed with the cash infusion, the startup announced plans last summer to hire 30 staff members around the world. African FinTechs attracted $2 billion in venture capital money in 2019, according to Face2Face Africa. Chipper, though, is just the latest African FinTech to attract the attention of investors. Stripe, the U.S.-based

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The Guardian view on globalisation’s discontent: it’s not right for poor countries to fund the rich | Editorial

TheGuardian

Wealthy nations exploit their position as the world’s bankers to siphon off hundreds of billions from the needy Developing nations have long complained that globalisation has enthroned western currencies in such a way as to subsidise living standards in the rich world.

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Jumia Encounters New eCommerce Rivals In Africa Amid Pandemic

PYMNTS

As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and transportation space in Africa. Jumia is reportedly viewed as an innovator in eCommerce in sub-Saharan Africa. She said the changes are likely to be for good.

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Perficient Named in Forrester’s Digital Transformation Services Landscape, Q3 2023

Perficient

Your Digital Transformation Journey Seeing the world through your customers’ eyes is the best way to meet their needs. Our Digital Business Transformation practice enables leaders to meet the demands of today’s fast-changing, customers-in-charge world. This framework is informed by customer empathy and grounded in executional know-how.