For Kenneth Ntende, co-founder of Ugandan startup DusuPay, the biggest hurdle is figuring out a way to move towards a borderless payment system. “Africa is too fragmented in the world of payments,” 그는 말한다.
Ntende knows first-hand the potential in East Africa but worries about the fintech bubble. “Everyone tries to capture the opportunity, but only the strongest … will survive,” 그는 말한다.
For new e-commerce business owners like Sandra Namakula, global payment systems can provide life-changing solutions. With DusuPay, she was able to create her own e-commerce store, fulfill orders from suppliers in China and collect payments from clients in neighboring countries all amid the pandemic.
“With an online business you have to be as fast and efficient as possible,” Namakula says.
Crypto investments go mobile
The internet economy or
” could add
$ 180 billion dollars to the region’s GDP by
2025, 에 따르면 보고서 by Google and the International Finance Corporation
“There’s a vote of confidence for the tech industry in Africa,” the GSMA head of sub-Saharan Africa, Akinwale Goodluck, tells CNN. “We’ve seen a lot of innovation coming out of Africa … and this attracts interest from Twitter, Facebook and Google.”
With Facebook opening offices in South Africa and Nigeria this year
, and Google and Twitter choosing Ghana for their regional headquarters
, Twitter founder Jack Dorsey’s
2019 prediction that “Africa will define the future” seems ever closer to reality
With growing attention on cryptocurrency and in-app stock trading
, companies including Uganda’s Eversend have started offering trading and crypto investments within their apps
Eversend’s Kasendwa says Africans will continue to create and adopt the latest tech.
“You can’t deny the fact that there’s mass adoption of cryptocurrencies,” 그는 말한다. “We want to focus on making sure people can transact without killing their social norms … (동안) building a networked community.”