Capital invests in the booming fintech and payments sector in Africa – BusinessGhana News

Financial transactions made via the Internet or a mobile phone are expected to rise from $ 200 million to $ 3 billion by 2020

Nearly $ 100 million in fundraising has already been injected into Africa in 2018 mobile payments sector and fintech, with a significant amount of capital remaining to be rolled out this year, and prospects for the bullish sector, according to TMT Finance (TMTFinance.com)

Joseph Arrast, EMEA publisher at TMT Finance, said: "The growing demand for payment and lending services is attracting investment from mobile operators, banks and international funds, jostling for location on the continent. Inclusive goals set by international development finance institutions, who have participated in several fundraising events over the past 12 years. rs month. "

Demand for services is also expected to surge sharply: According to a recent report by pan-African banking group Ecobank, the Internet or mobile phone is expected to grow from 200 million US $ 3 billion by 2020.

Regulation, access to a reliable and affordable internet and the development of blockchain are also key topics of the Fintech sector in Africa, according to Arrast. "We expect B2B lending platforms and anti-fraud start-ups to attract the most interest from investors." Venture capital funds play an important role – both companies local and international investors often coming from Europe or the United States, "he said.

With huge opportunities for financing and investment in space, the leaders and leaders of the fintech and African payment companies will join a panel dedicated to Mobile Payments & Fintech at TMT Finance Africa 2018 September 19 in London to discuss investment strategies. Speakers for the session are: Chris Low, Group CEO, Letshego; Alix Murphy, Director of Mobile Partnerships, WorldRemit; Ercin Eksin, co-founder and co-CEO, Lidya; Rostan Schwab, Head of Fintech Investments for Africa, IFC; and Adia Sowho, Vice President, Business / Marketing, Nigeria, Mines.io

A more in-depth study of the growth and expansion of Fintech companies in Africa will also take place earlier in the day at the time. a dedicated session with CEOs. and representatives from Verdant Capital, GoAfrica, Strider, Transsnet Payments, MFS Africa Ltd, One Finance & Investment Limited and Obsidian Occident Consulting.

More than 70 keynote speakers were announced for the event, with CxOs and senior executives confirmed by companies such as Orange, IHS Towers, Econet Wireless, Millicom Africa, The Carlyle Group, Standard Bank, PEACE, East African Data Center, Ethos Private Equity, Rack Center, Jumia, Uber, Intelsat, Huawei, Credit Suisse and World Remit, among others.

For more information on participating in TMT Finance Africa 2018, visit TMTFinance.com/africa