FinTech

Huawei calculated move  to boost its global business prospects

Huawei calculated move to boost its global business prospects

Business, FinTech, Internet, Mobile, Technology
Huawei calculated move to boost its global business prospects Global technology firm Huawei has embarked on a bold product and services review and enhancement program. This was as part of its business growth strategy to facilitate a fully connected, intelligent world. The finetuning program is geared at enhancing the firm’s digital technologies delivery capacity in the face of the global business challenges arising from the Covid-19 pandemic, among other geopolitical and economic challenges. Speaking when he addressed the Huawei 18th Global Analyst Summit following the recent release of the firm’s 2020 Annual report, Huawei Rotating Chairman Mr. Eric Xu said the firm’s 2021 growth strategy is anchored on five strategic initiatives. The initiatives are geared at optimizing the
Safer Internet Day 2021: Together for a Better Internet

Safer Internet Day 2021: Together for a Better Internet

FinTech, Internet, Technology
Safer Internet Day (SID) is an EU wide initiative to promote a safer internet for all users, especially young people. The theme for Safer Internet Day 2021 is “Together for a Better Internet." Over the years, Safer Internet Day has become a landmark event in the online safety calendar. Starting as an initiative of the EU SafeBorders project in 2004 and taken up by the Insafe network as one of its earliest actions in 2005, Safer Internet Day has grown beyond its traditional geographic zone and is currently celebrated in approximately 170 countries worldwide. From cyberbullying to social networking to digital identity, each year Safer Internet Day aims to raise awareness of emerging online issues and current concerns. Safer Internet Day 2021 takes place on Tuesday, February 9th, and
The Rise and Rise of Big Tech Globally.

The Rise and Rise of Big Tech Globally.

FinTech, Governance, Internet, Technology
The rise of global technology superstars like Amazon, Apple, Facebook and Google has created new challenges for the competition watchdogs who enforce antitrust laws around the world. The big tech companies dominate markets in e-commerce and smartphones, search advertising and social-media traffic. In the U.S., Google and Facebook Inc. together collect more than half of digital advertising spending and Apple Inc. has about 46% of the smartphone market. The House antitrust report estimated that 50% or more of U.S. e-commerce sales goes through Amazon.com Inc.; that 99% of mobile devices in the U.S. and globally run on Apple’s iOS or Google’s Android systems; that Google captures about 89% of all general search queries in the U.S.; and that Facebook’s app reached 74% of U.S. smartphone
Stripe Acquires Paystack

Stripe Acquires Paystack

Business, FinTech, Mobile, Startups
Payment processing giant Stripe has acquired Nigerian startup Paystack in a $200M+ deal. Stripe seeks to expand into the African Market in its bigger strategy announced earlier this year to expand its API- based payment processing services to more regions.   Paystack, like Stripe offers online payment integration services using APIs to facilitate transactions. To date, Paystack has approximately 60 000 customers ranging from small businesses, fintechs to large corporations. The acquisition makes it the biggest startup acquisition in Nigeria as well Stripes biggest acquisition to date. Valued at $36 Billion, Stripe is actively expanding its global presence through acquiring smaller companies in different regions. In the last 2 years, stripe has expanded its operations t...
Fintech in Africa

Fintech in Africa

FinTech, Mobile, Startups
FinTech space is fast growing in Africa. The continent has recorded massive growth in the last decade. Currently Africa has more than 400 FinTech companies and startups of which more than 80% of them are home-grown. The industry is largely dominated by payment, lending, insurance and investments focused solutions.     The growth is attributed to mobile access and penetration in the continent and lack of financial inclusion to traditional banking leaving majority (Approximately 60%) of the African adult population unbanked.     In Kenya, M-Pesa mobile money service provided by Kenya’s biggest telecommunication company Safaricom PLC has been a massive success in providing mobile payment solutions allowing users to pay bills, send money to each ot