All you need to know about NFC payments
99% of smartphones will be capable of making contactless payments globally by 2027. It means contactless payments are showing a tremendous increase. And NFC payments among them have gained next-level popularity. Customers love to make payments…
Challenges, Opportunities, and Solutions of Financial Inclusion in Developing Nations in Africa
Financial inclusion in dеvеloping countriеs in Africa is complicatеd. With significant growth in somе countriеs and nеgligiblе growth in othеrs. Thеrе аrе so many challenges around financial inclusion in thеsе countriеs, but thеrе is also a…
Benefits of NFC-enabled card issuance and its impact on contactless payments
In the digital payments world, where so many crucial innovations keep coming out every now and then, contactless payments have become very significant. And NFC-enabled cards happen to be one such innovation in contactless payments. The roots of this…
Expanding Financial Inclusion in Rural Africa: How eKYC Can Help Banks Affordably Serve More Customers
Africa is a continent of remarkable diversity, from bustling cities to sprawling rural landscapes. However, one issue that affects both urban and rural areas alike is financial exclusion. In rural Africa, where the majority of the population lives…
How digital onboarding can provide a hassle-free banking experience to customers?
In today's fast-paced world, convenience is everything. Customers demand quick and hassle-free solutions to their banking needs, and banks are turning to digital onboarding to meet these expectations. Digital onboarding is a process that allows…
The Rise of the Cashless Society: Types, Benefits, and Examples from Around the World
Did you know? The first move towards cashless payment was a credit card. Credit cards came into existence in the 1990s. In the same decade, the electronic banking system became common in daily life. Then after the global financial crisis of 2008, at…
What is SACCOs and why should it be digitized?
SACCOs were first introduced in Germany in the 1870s for poor people to avoid control and exploitation from money lenders. In the 1900s, the idea moved toward North America eventually. Then it reached Canada, the United States, Australia, and Ireland…
From Cash to Digital: The Evolution of Financial Inclusion in East Africa
Over the past decade, East Africa has seen a significant shift in the way people access and use financial services. The region has experienced a rapid increase in financial inclusion, thanks to the emergence of digital financial solutions. These…
Fintech and its impact on the banking and financial industry
The advent of FinTech dates back to the 1950s when the first credit card was invented by a diner’s club. Yet, the official use of technology in financial services can be traced back to 1967 when Barclays bank installed the first ATM. This marked the…