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Finance

The digital banking services are expected to expand in Africa and Latin America with this agreement. (Image source: lau rey/Flickr)

German online bank Fidor has signed a MoU with International Finance Corporation (IFC), a member of the World Bank Group, a move that is seen to expand digital banking opportunities across Africa and Latin America

The mobile money ecosystem is set to evolve across the continent. (Image source: Ecobank)

MTN has collaborated with Africa’s Ecobank Transnational Incorporated (ETI), a move that aims to leverage each other’s assets to provide more services to their customers across Africa

Banks are currently acquiring, partnering and also sponsoring fintech companies. (Image source: Laymanzoom/Adobe Stock)

The current MENA fintech market is estimated at US$2bn and expected to witness an annual growth of US$125mn until 2022, according to MENA Research Partners (MRP), who added that increasingly compelling business models of fintech are expected to drive the market growth further

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