Africa’s Fintech Transformation: Traditional banks can still gain an edge.
Africa is in the midst of a fintech transformation. Powered by venture capital and boosted by gains in mobile internet, hundreds of start-ups are connecting hundreds of millions of Africans to financial services.
This opportunity stems partially from an inability over time of the big local financial players to scale payment products to the masses. Still, that does not render Africa’s traditional banks powerless to disruption by start-ups.
With the right mix of innovation and partnerships, Africa’s established commercial banks can gain an edge over VC backed ventures in the continent’s digital finance revolution.
About CR2
CR2 provide banks with Digital, Self-Service and Payment solutions to grow their business, optimise their customer service cost and deliver an enhanced customer experience. Headquartered in Ireland, we are enabling over 100 banks in 60 countries to seamlessly connect and engage with their customers on the most critical banking channels today.
