It's worth noting that while companies are likely to start in developing nations, where many potentially safe and profitable customers are unbanked, what these companies learn there may help them pursue unbanked customers in the developed world.
Fintech isn’t disrupting Africa’s financial industry—it’s building it
African fintech is not disrupting the existing financial service providers. This is because, in many areas of the continent, there is nothing to disrupt, with large swathes of the low and lower middle income segments unserved or under-served when it comes to formal financial services. Across most of the continent, there is no formal banking...
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