How African Fintechs Are Rewriting the Rules of Cross-Border Payments
A growing generation of fintech companies is attempting to make international payments faster, cheaper and easier for African businesses.
Moving money across African borders has historically been complicated by different currencies, regulations and financial systems.
Fintech companies are attempting to solve some of these problems through digital payment infrastructure.
Businesses can increasingly access tools that allow them to receive payments from customers in different countries without relying entirely on traditional banking processes.
The opportunity is significant.
Simpler cross-border payments could help small businesses sell internationally and make it easier for African companies to participate in the global digital economy.
Regulation and security will remain important challenges as the industry grows.
