UK-based fintech firm PayAngel has hailed Kenya for its strides in becoming a hub for technology in Africa. During the Forty under 40 Africa awards summit held today, PayAngel said Kenya being the home of M-pesa, which is hailed as one of Africa’s most successful mobile money services speaks to the fact that it is…
Introduction The global market for AI in Fintech is expected to grow significantly, from USD 11.8 billion in 2023 to approximately USD 76.2 billion by 2033. This growth is projected to occur at a CAGR of 20.5% during the forecast period from 2024 to 2033. This remarkable expansion is driven by several key factors, challenges,…
Betsy Vereckey These days, it’s not uncommon to use Venmo to split a dinner bill or Apple Pay to buy a coffee, but it wasn’t always that way. A decade ago, most of us were pulling cash out of our wallets or handing over our credit cards to make a purchase, not getting out our phones…
By: Donald R. Hageman, III, Sandberg Phoenix In 2023, publicly traded FinTech’s represented a market capitalization of $614 billion, a two-times increase versus 2019.[1] In addition, as of the same period, there were more than 272 fintech unicorns, with a combined valuation of $936 billion.[2] This all supports the fact that in recent years,…
Brandon Russell Laura Rae, co-counder of Openbox, looks at the challenge facing traditional high street banks in matching the accessibility and inclusiveness of services provided by fintech and challenger banks. It’s not so long ago that every financial transaction we wanted to make involved leaving the house and physically handing over notes and coins. In…
In a noteworthy celebration of Nigeria’s dynamic financial technology ecosystem, Mastercard convened key stakeholders at its Fintech Forum on March 20, 2024. The event served as a demonstration of the leading payments technology company’s ongoing commitment to the growth and development of the fintech landscape. Fast becoming one of the industry’s most anticipated tech gatherings,…
By Todd Bendell In the wake of Binance’s $4.3 billion settlement with U.S. regulators last November, a shift is underway in the institutional adoption of digital assets. We are now in a fresh market cycle and we’re seeing innovative custody solutions and many market opportunities. The collaboration between Binance and Sygnum to introduce a tri-party…
The fintech market size was valued at USD 257.26 billion in 2022 and is projected to grow from USD 294.74 billion in 2023 to USD 882.30 billion by 2030, exhibiting a CAGR of 17% during the forecast period (2023-2030). North America accounted for a market value of USD 89.61 billion in 2022. FinTech companies provide…
Crypto enthusiasts, sometimes referred to as “HODLers,” are rejoicing in the industry’s recent achievements. By ARIEL SHAPIRA After weeks of steadily rising prices, the notoriously volatile crypto industry appears to be stampeding towards a long-awaited “bull run.” Bitcoin, the original cryptocurrency, leads the pack and recently eclipsed its all-time high as it crossed the $70,000…
AI innovations are identified as transformative factors for the payments landscape in a new report by ResearchAndMarkets.com AI’s dominance in payment processing surpasses its presence in remittance and money transfer services, driving advancements in operations, customer satisfaction, cost reduction, and risk management. Major trends like intelligent applications, AI augmented development, and TRiSM are transforming the…