What will it take for Africa to drive US$5-trillion digital economy?

Africa's digital

Continent's progress
under the spotlight.

ITWeb Africa

Friday, Nov 15th

Expectation builds ahead of Finnovation Kenya 2019

Expectation builds ahead of Finnovation Kenya 2019

Innovators, start-ups and multi-national firms must adapt quickly to the digital disruption of Africa's financial sector - stakeholders eagerly anticipate discussion at Finnovation Kenya 2019 Summit, scheduled for 18 June 2019 in Nairobi.

Victor Ndlovu, country manager and senior business leader at Visa said, "Kenya is at the forefront of leading that digital payments revolution and for us (card payments firms), that depends on how we push."

He added that, "Nairobi is the world capital for mobile payment innovation. Digital payments are preferred because of convenience, reduced transaction cost, and speed of execution - compared to manual or cash-handling processes."

Jeremy Awori, managing director of Barclays Bank of Kenya said that digital innovations are rapidly disrupting payments in the continent and the banking industry cannot be left behind.

"(For example) we have recently launched our pioneer virtual banking proposition, Timiza, which offers our customers a platform to conduct their financial transactions from the comfort of their mobile phones."

The speaker line-up includes : Billy Owino, chief executive officer TransUnion; Wyckliffe Shamiah, director market operations of Capital Markets Authority; Timothy Nuy, chief executive officer MyBucks; Declan Magero, founding partner of Afrinet Capital; Mumo Musembi, group chief business officer of Cellulant.


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