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How Fintech is Transforming Financial Inclusion in Africa : reshaping Africa’s economic landscape🌍 📌The rise of fintech is not only changing the way financial services are delivered, but also creating new opportunities for millions of previously unbanked people. ▶With the emergence of mobile banking and digital payment solutions, more people can now access financial services, save money and participate in the formal economy. ▶Fintech solutions are breaking down the barriers that have long kept many Africans excluded from financial services. But how exactly does this transformation take place? 🔹Access to Mobile Phones : With more than 800 million mobile connections in Africa, mobile phones have become the gateway to financial services for many. 🔹Low-Cost Transactions : Mobile banking solutions offer low-cost transactions, making it easier for people to send and receive money without the need for a physical bank account. 🔹Instant Payments : Mobile banking has made it possible to make instant payments, reducing the time and effort required for daily transactions. This is particularly useful in rural areas where distances to the nearest bank branch can be long. #FinTech #fintechnews #wizzfinancial #unimoni #xpressmoney

𝐘𝐨𝐮𝐫 𝐥𝐞𝐠𝐚𝐜𝐲 𝐰𝐢𝐥𝐥 𝐟𝐨𝐫𝐞𝐯𝐞𝐫 𝐛𝐞 𝐚 𝐠𝐮𝐢𝐝𝐢𝐧𝐠 𝐥𝐢𝐠𝐡𝐭. #Ripratantata

🌏ℹUAE FINTECH NEWS: ➡Governmental initiatives across the Middle East and North Africa #MENA are successfully encouraging consumers to adopt digital payments, while the region is also quickly aligning with global standards, payment solutions provider Checkout.com has revealed. ➡Digital payment volumes grow by 658 per cent since 2020: 🔷Positive signs for e-commerce 🔹The increased preference for digital payment methods reflects a profound shift towards convenience and efficiency in everyday transactions. 🔹The region’s large expatriate population is also influencing the development of digital payments. 🔷Going all-in on digital payments 🔹The region has achieved 91 per cent digital payment adoption 🔹Establishing a unified system similar to that in other regions could streamline processes, improve cross-border transactions and promote greater financial inclusion. #fintech #FinTechNews

🌏Global Remittances: The Lifeline for Struggling Economies. 💰Remittances are a crucial support system for many countries - they don’t just help individual families - they boost entire economies. 💶These funds are vital for supporting families, education, healthcare, and small businesses in these countries. They also play a significant role in stabilizing economies and driving development. The #TOP10 countries receiving money from abroad : 🔹India 🔹Mexico 🔹China 🔹Philippines 🔹France 🔹Pakistan 🔹Egypt 🔹Bangladesh 🔹Nigeria 🔹Guatemala Read more below🔽 #fintech #FintecTechNews #GlobalGroup #remittances #wizzfinancial #xpressmoney #unimoni

✨𝐔𝐧𝐢𝐦𝐨𝐧𝐢: 𝐖𝐡𝐞𝐫𝐞 𝐖𝐨𝐦𝐞𝐧’𝐬 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐦𝐞𝐧𝐭 𝐅𝐮𝐞𝐥𝐬 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞! 🏆We are proud to announce that Unimoni has been recognized as one of the #Top100BestWorkplaces for #Women! 🌹Together, we are fostering an environment where women can thrive and lead with confidence. #WizzFinancial #unimoni #BrandCompany #UnimoniLeadership #GreatPlaceToWork #WomenEmpowerment #EmployeeVoices #WomenInBusiness #unimoniindia

Our warm wishes for Dussehra🌟 Happy #dussehra to all those celebrating!

HAPPY INDEPENDANCE DAY UGANDA !🎉 #UnimoniTeam Unimoni #celebration #africa #fintech #AfricaFintech

🌍UAE FINTECH NEWS : Experts predict that the UAE’s fintech sector will achieve a remarkable gross valuation of US$3.1 billion in 2024, according to Wired.📈 📌As a result, the country now hosts the greatest number of #fintechstartups in the MENA region. 🔷In 2023, these companies managed to secure US$128.4 million in funding in 2023, bringing the total investment since 2021 to US$567.8 million, according to an S&P Global Market Intelligence report. This substantial financial backing reflects the UAE’s leading role in the fintech sector within the MENA region. Read more🔽 #fintech #AbuDhabi #Dubai #FintechHub #financialservices #innovation

🗞🌐WizzFinancial is pleased to share the announcement of Samir Vidhate as CEO of #XpressMoney👏 📌Samir Vidhate brings over two decades of experience in the cross-border payments and financial services industry, having previously led global expansions and established strong industry partnerships. His leadership will drive Xpress Money's continued success, supporting its mission to deliver seamless, secure, and accessible financial services globally. ℹXpress Money is a WizzFinancial group, specializing in #crossborder payments, it has served 52 million customers worldwide, with a presence in 129 countries and more than 200,000 agents. More info below - official press release🔽 #fintech #FintechNews #MoneyTransfer #digitalpayments #crossborderpayments

🚀AI x FINTECH DRIVING FINANCIAL INCLUSION IN AFRICA🌍 🔷As Africa continues its ambitious journey towards greater financial inclusion, the transformative power of artificial intelligence #AI and fintech cannot be overstated: ✔Both technologies open up new possibilities in the financial landscape, removing long-standing barriers and paving the way for millions of unbanked Africans to access essential financial services. ✔With #mobile penetration rates soaring, even in remote regions, fintech solutions have been key in bridging the gap between underserved populations and essential financial services. ✔Fintech startups across the continent are innovating in payments, lending, and insurance, while AI applications enhance customer experience and risk management. Through AI-driven credit scoring models, for example, financial institutions can assess creditworthiness without needing traditional credit histories, allowing small business owners and individuals access to loans that would otherwise be inaccessible. 🔷The Future of Financial Inclusion in Africa: ✔AI and fintech play a central role in Africa’s economic development, notably by promoting financial inclusion : Governments recognize the potential of these technologies and are working on policies to encourage more investment and innovation. ✔Partnerships between the public and private sectors #PPP will be key to overcoming remaining infrastructural and educational challenges. ✔As these technologies continue to evolve, Africa is poised to become a global leader in innovative and inclusive financial solutions. #Fintech #africa #FinancialInclusion #WizzFinancial