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 […]
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 […]
The current Coronavirus pandemic has driven a huge 72% increase in the use of FinTech applications in Europe. The research, published by deVere group found that at a time when most industries in the economy are starting to feel the impact of what is already being labelled an international recession. This sharp increase in app […]
ToTok, an instant messaging, video call, and voice chat app, released ToTok Pay on March 17th for Android users. With this new feature, users can make payments through a QR code contactless system, as well as send money to their contacts through their ToTok chat, achieved through partnership with licensed financial institutions. The app has […]
Orange has announced the launch of its latest service in Morocco – Orange Money. This robust solution is mainly targeted at those who do not have bank accounts, and offers mobile users (irrespective of their telecom operator) the opportunity to having a mobile wallet supported by their phone number. Orange Money allows mobile phone users […]
Tech giants are predicted to take up to around 40% of the $1.35 trillion in US financial services revenue from incumbent banks. Three of the largest US based, multinational tech companies — Apple, Google, and Amazon — are increasing their scope and slowing encroaching on financial services and the new era of FinTech. This is […]