With money for building African infrastructure drying up in China, the future looks brighter for fintech investments.
Panelists discuss how fintech applications across Africa are playing a prominent role in eCommerce and cross-border trade, during the Africa Fintech Summit held in Lusaka, Zambia, November 2023. Credit: Africa Fintech Summit
Instead of visiting a bank, Nigerians who need to move money are now just as likely to visit a street market and speak to an agent working for OPay, a Chinese-backed fintech company. These agents form part of a vast network that has propelled OPay to market leadership in Africa’s largest economy. It’s one example of an emerging fintech scene in Africa that has benefited from Chinese expertise and investment to keep up with the rest of the world.
This week, The Wire explores the path OPay
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