UK trade with Ireland faced significant growth between 1999 and 2018 registering £ 2.9 billion and £13.5 billion respectively, according to a briefing paper Statistics on UK trade with Ireland published on January 14, 2020, by the House of Commons Library. In 2018, Ireland was the UK’s 5th largest export market and the 10th largest […]
FinTech
African countries long served by traditional banks are experiencing a huge digital financial transformation amid Covid-19. The move – initially used to control the spread of the virus – might position Africa as an international leader in digital banking which will boost the digital economy. According to the GSMA report entitled “State of the Industry […]
On June 15, 2020, WhatsApp launched digital payment in Brazil- the second largest market for the messaging app. A month prior to its launch, WhatsApp started a small test of the service. Unfortunately, Brazilians did not have plenty of time to enjoy the service as it was shut down a week after it has been […]
The global mobile money market is expected to witness a CAGR of 21.4% during the forecast period of 2020 to 2030, according to a new research report released by FMI. Quick turn made by some of high potential economies with limited digital financial inclusion among masses to digitize payments has been a key enabler for mobile money. […]
Fintech allows you to perform all kinds of operations wherever and whenever you want. Financial technology is a tool that has been changing the way we work with money. The Fintech market will pin its worth at approximately $ 305.7 billion by 2023 according to the Global Fintech Market (2018-2023). Due to social distancing, Fintech […]
Samsung Pay debit card is launching later this year, according to a blog post by the company. As the latest addition to their financial services and a new way to use the Samsung Pay app, the company will be able to cover both mobile payments of various types, and card transactions. Samsung is the first […]
Tigo Peza customers are now able to connect to all major East African Mobile Money services, through a service launched by Tigo Tanzani, Kenya’s M-PESA, MTN and Airtel Rwanda, and MTN Uganda, customers can now send and receive money across borders with no interruptions. Acting Chief Officer for Mobile Financial Services at Tigo Tanzania, Angelica […]
Capgemini released the World Fintech Report 2020, which states that at the moment, the divide between what consumers expect and what traditional banks deliver at present, is significant. It is consequently, the perfect time for banks to catch up with the whole back-end process in order to provide the most effective customer experience. The report […]
Technology has undoubtedly, transformed our lives and disrupted the way we use money. Given the current pandemic, digital currency seems an ever-more appealing prospect in our stay-home, work-from-home arrangements. Unlike the use of cash, digital currencies would not be a potential source of virus transmission or require persons to overlook social distancing measures when making […]
In the last few years, AI Has been responsible for the transformation of multiple fields, coupled with the increasing efficiency of using improved datasets. One such area in which AI has excelled in is Robo Advisory which is a field that has an extensive amount of financial big data to analyse. Robo-advisors are AI built […]