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Nigeria’s leading digital financial services company, Carbon in an effort to improve the experience of its customers, has launched Carbon Express – A keyboard extension that allows customers to access Carbon services from within whatever app they are using.

It combines instant messaging, social media and mobile payments into one App which will be available for download on Google Play and iOS app stores from 1 August 2019. A similar social payments platform model is already active in Asia, where payment apps are bundled with e-commerce, chat and ride-hailing services offered by firms such as Alibaba and Tencent in China. Imagine a WeChat of Africa!

In July 2018, Start-Up Nation Central hosted a delegation from Cassava Fintech, Africa who are leading Africa’s Fintech Transformation Revolution. Cassava Fintech provide inclusive access to digital financial services across Africa, helping drive financial inclusion, digital payments and the adoption of mobile e-commerce.

Capiter is a B2B marketplace that brings together FMCGs, wholesalers, and merchants on one platform, enabling merchants to order their products through an eCommerce checkout and receive credit on their purchases. Currently, it is serving over 30.000 merchants and 150+ FMCGs and wholesalers with a team of close to 100 people.

Fintech, at the heart of the banking sector revolutionObviously, Fintechs and traditional banks adopt very different strategies. Indeed, while traditional institutions have a long-term vision (analysis of the financial market, risk amortization), neobanks prefer immediate action.Thus, we can consider that there are two categories of Fintech on the market. On the one hand, regulated companies that ensure compliance with regulatory constraints, and on the other, those that adopt a completely different strategy based on customer satisfaction.The first category positions itself as a direct competitor of banking establishments, while the second opts for cooperation and encourages the buyout or majority stake.Fintechs base their strategy on customer dissatisfaction, especially with their bank . These new shoots seek to improve every aspect of the banking relationship, as a priority, by neglecting issues related to organization, compliance and profitability.However, professionals remain skeptical. Do these FinTechs really hope to succeed in a few months, where several players have been striving for years? By this we mean the fact of wanting to change the regulations of the sector or even the constitution of a team of experts within a short time.So far, experts in the banking industry doubt a real revolution in banking regulation.Traditional banks remain priority players in the marketDespite the emergence of remote banking and the new measure on banking mobility , traditional banks remain the majority players in the market. Indeed, new brands are still struggling to reach the same level as a "real" bank.In addition, for the time being, income from investment funds and venture capitalists has not been of much use to the banking sector. Remember, however, that it is thanks to them that certain brands such as Uber, Amazon or Tesla have succeeded.Today, players in e-commerce are using capital increases to compensate for losses, a technique that has not yet been adopted in the banking sector. As a starting point, SoftBank has already started by building up a $ 100 billion fund for banking technology.

Its latest service – Carbon Express – enables users to initiate and complete transactions such as P2P transfers and bill payments from the keyboard without launching the Carbon app or leaving the app they are using. Instead, they will be able to access services from the touch of their keyboard enabling quicker Instagram or WhatsApp commerce.

MTN has also recorded an increase in data revenue which it ascribed to “greater population coverage, a revamp of our data portfolio and initiatives to drive 4G device penetration”

GreenTec, headquartered in Frankfurt, Germany, will invest an undisclosed amount of money in Bismart to enable the company upscale its digital and online platforms to connect customers to insurance and investments solutions available in the African market.The agreement, announced in Frankfurt, will see Bismart benefit from GreenTec’s expertise and experience in funding start-ups in Africa through capacity building, and process optimization.GreenTec will also avail to the Kenyan company a team of international experts to help implement adapted latest technology to the model in order to extend its local value chain and have more impact.

GreenTec, headquartered in Frankfurt, Germany, will invest an undisclosed amount of money in Bismart to enable the company upscale its digital and online platforms to connect customers to insurance and investments solutions available in the African market. The agreement, announced in Frankfurt, will see Bismart benefit from GreenTec’s expertise and experience in funding start-ups in Africa through capacity building, and process optimization.

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