In emerging markets, fintech investments are expanding rapidly, enabling microenterprises and low-income people to access financial services and helping to eradicate extreme poverty. Despite the market’s growth potential, only a small percentage of adults in Africa have debit or credit cards, leading to high costs, challenges and fraud. Fintech has used online platforms, microloans and transactions to help SMEs recover from the pandemic. It has also improved financial inclusion in isolated areas where traditional banks are absent.
At Marased Consulting, our fintech consulting includes a focus on risk management techniques, digital payment systems to ensure the security of financial transactions and blockchain technology. We ensure that the legal and regulatory framework keeps pace with the rapidly evolving technology. The use of blockchain technology provides a secure and transparent way to conduct financial transactions, helping to reduce the risks associated with traditional payment systems.
Fintech has revolutionized the way businesses operate and made financial services more accessible to people who were previously excluded from traditional banking systems.
