Fintech’s support of the modernisation of the African continent took another stride forward last month with the formation of the Fintech Association of South Africa (Finasa). The new hub was launched at an event supported by the South African Reserve Bank and the Payments Association of South Africa.
It has already begun working in partnership with four other African fintech hubs in Kenya, Nigeria, Mauritius and Egypt; in addition, several other hubs on the African continent are pursuing the same goal. For example, the Nigeria-based Africa Fintech Network was launched in 2018 with a mission to “drive Africa-led fintech solutions and technologies by nurturing synergies within the ecosystem”.
