African banks have been late to the fintech party, but after leaving huge swaths of the population to get their financial services from telcos (most famously Safaricom’s M-Pesa in Kenya), banks here are increasingly seeing the continent as a testing ground for new financial technologies like bitcoin and the blockchain. “You have a headwind from Silicon Valley and Europe blowing into Africa now around the disruption in fintech. The banks are really nervous and they want to get ahead of this,” says Mbwana Alliy, managing partner at African technology venture firm, the Savannah Fund. Blockchain is the hot topic at …
Africa’s big banks are betting on fintech startups and bitcoin to beat disruption
More of Today's Solutions
How this city in Illinois plans to stop homelessness by the end of the year
Less than a decade ago, more than 700 people were homeless in the small, 150,000 person city of Rockford, Illinois, about 90 miles northwest ...
Read More4 ways to boost your physical, mental, and social well-being
Recently, life has certainly been stressful, but if you’ve been feeling particularly on edge in recent days, it might just be time to make ...
Read MoreWere tardigrades the first animals in history to survive quantum entanglement?
What is a tardigrade? Many people accept that the toughest animal on earth is the tiny tardigrade. These little critters - also known as ...
Read MoreSingapore’s Seletar airport considers plans for electric flying taxis
Seletar Airport is the city-state of Singapore’s lesser known second airport. It’s a small airfield normally frequented only by private jets, but soon it ...
Read More
