As data analytical capacities increase, data driven lending is emerging across the globe, and companies providing digital loans are quickly growing.
For me, one of the key elements in this report is that the maturity of the Asian markets means that the default position is no longer “R&D in US or Europe, build in Asia”.
According to the Communication’s Authority of Kenya latest statistics, Safaricom’s M-Pesa commands a comfortable lead at 80.8 percent, Airtel at 11.9 percent, Equitel at 6.6 percent, T-cash at 0.4 percent and Mobi Pay at 0.3 percent.
At the start, our team will be small, with 4 to 5 members of staff only, but once the revenue is coming in, we will for sure expand.
The result is a proliferation of new opportunities, as banks, long the cornerstone of the payments sector, are both challenged by - and embracing - new paytech options.
“Through our modern Industrial Strategy, we’re focussed on delivering real-world benefits from 5G in important sectors of the UK economy - providing new services, increasing productivity and improving quality of life.”