Africa Leaders in Fintech

Africa Leaders in Fintech

Fintech in Africa has been fueled by a youthful and urbanizing population, increasing mobile phone penetration, falling data costs, limited physical banking, and an increasingly favourable regulatory environment. We talk to Tayo Oviosu, the Founder & CEO at Paga about the potential of this sector.

Fintech in Africa has been fueled by a youthful and urbanizing population, increasing mobile phone penetration, falling data costs, limited physical banking, and an increasingly favourable regulatory environment. We talk to Andy Jury, the CEO of Mukuru about the potential of this sector.

The COVID-19 crisis will not leave the banking sector unscathed. The past year has seen the acceleration of seismic trends ranging from deglobalization and a radical shift in the macroenvironment to transformed customer expectations. As African banks chart their paths to recovery in this new reality, they can act swiftly to manage elements that are within their control to shape their recovery and growth trajectory.

The full potential of fintech in Nigeria remains untapped. But a youthful population, a focused regulatory drive to increase financial inclusion, and accelerating digital adoption due to COVID-19, are creating the conditions for a thriving sector. If stakeholders take quick and decisive action, they can strategically protect gains and accelerate growth in the sector, even in difficult economic times.

The new digital reality presents a unique challenge for organizations. Leading an organization in a time of crisis is one of the greatest challenges a CDO can face. By demonstrating resilient leadership and a clear view of how to use digital to navigate the crisis, CDOs can help the business not just to survive but also to be ready for the next normal.