For founders and investors, it is a signal that capital is moving to jurisdictions where the rules are more predictable and the political climate is more stable.
As open banking APIs remain patchy across much of Africa, two software engineers are betting that the key to mass-market expense tracking is already buzzing in users' pockets.
The involvement of Fawry, Egypt’s dominant digital payments platform, also signals the growing convergence of payments and logistics in the country’s e-commerce ecosystem.
“We’re at an inflection point for AI in customer service, and we see more businesses starting to realise that they need a unified platform to succeed, not a patchwork of point solutions.”
Rabat's regulators confirm the forced break-up of the bank-owned payments monopoly, opening merchant acquiring to a new generation of digital players and slashing transaction fees for small shops.
Fintechs that treat this period as worth the resourcing cost are, at minimum, better positioned to anticipate the eventual rules than those that wait for a published standard to react to.
For founders and investors, it is a signal that capital is moving to jurisdictions where the rules are more predictable and the political climate is more stable.
