Last week I chaired the inaugural Dot Finance Live conference in Nairobi, Kenya. It is Africa’s premier FinTech event, drawing people from all over the countries of sub-Sahara Africa. What struck me as I listened to lots of keynotes about mobile innovation and mobile financial inclusion, is that Africa is actually leading the world in financial innovation. This is because Africa is a continent where the majority of people were previously excluded from financial service.
For example, according to data from the World Bank in 2015, only 17.9% of people in Sub-Saharan Africa had debit cards dropping to just 6.6% of the lower income population.
http://bravenewcoin.com/news/the-african-mobile-revolution-part-one
