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Access to banking services in Africa has improved significantly over the years. Digital transformation of financial services has enabled banks to reach wider audiences in many countries. People can...
Ever since the launch of M-Pesa by Safaricom in 2007, a wave of digital payments has risen in Africa. Over the years, Africa has become a global leader when it comes to mobile payments. According to...
When formal financial services reach people who have, for ages, used informal channels to manage their loans and savings, one of the essential features they bring is reliability. It plays an...
The financial sector has expanded dramatically in recent years in Africa. Many households, farmers, and self-employed in Africa countries have access to financial services formally and informally....
Sending and receiving money through mobile devices started in Tanzania back in 2008. Tanzania was one of Africa’s first countries (with Kenya) to launch mobile money services in Africa. With six...
Wakandi Group is proud and excited to announce that we are launching our Credit Association Management System (CAMS) in Tanzania. We have successfully onboarded one of our many informal financial...
Africa is a hotbed for technological development and innovation. Africa has some of the fastest-growing industries across the globe. Businesses in every region of the continent are collaborating and...
Most economies in Sub-Saharan Africa are dominated by the informal sector. The informal sector is a key component, contributing massively towards the continent’s GDP and employment. It is hugely...
Africa is a hotbed for innovation in the digital payment and mobile money space. The vast presence of mobile devices and a large population of unbanked people have created a suitable environment for...
Tanzania has proven to have an appetite for digital payment, primarily through mobile. The mobile money penetration reached 53% with more than 29M mobile money subscriptions in the year 2020. The...
“Mobile money accounts now surpass bank accounts in Sub-Saharan Africa, and greater financial inclusion has benefited large swathes of the population.” – International Monetary Fund (IMF) While...
