Osahon Akpata

In the last decade, we have seen incredible advances in digital banking and payments across Africa. Foreign direct investment into the tech startup ecosystem has grown rapidly to over $5.1 billion in 2021 and Fintech firms have built innovative digital payment solutions with some achieving unicorn status. Banks have not been left out in the digitization revolution and their customers are now spoiled. With choices of mobile banking applications.

Amidst a backdrop of global economic challenges stemming from the pandemic and the war in Ukraine, payments are expected to increase by 7%, according to a recent McKinsey & Company report. In Africa revenue growth is expected to be almost three times faster, with financial inclusion quickly expanding, primarily driven…

Earlier this month, McKinsey & Company published a report, The Future of Payments in Africa, and I found it to be quite informative as a professional working in the payment ecosystem on the continent. Africa’s domestic payments revenues are growing almost 3 times as fast as global payments with an…

URBANIA IS CURRENTLY ON DISPLAY AT THE MUSEUM OF CONTEMPORARY AFRICAN DIASPORAN ARTS IN BROOKLYN. Harlem-born Kimberly Becoat is a Brooklyn resident and mixed media artist whose work explores issues of societal constructs and malaises with an unsparing, critical eye and remarkable empathy. …

“Over the last two decades, no other continent has been in the frontier of Fintech more than Africa. The invention of Mobile money like Mpesa paved the way for hundreds of Fintech startups across the continent, which has enabled millions to be banked for the first time while unlocking millions…

Introduction The payments landscape in Africa is competitive and quickly evolving. Over the last two decades, we have experienced the advent of mobile money services, digitization of banking services and the emergence of Fintech neo banks and payment services banks. It is estimated that consumer payments will top $2.1 trillion…

In Africa’s ever-changing payments ecosystem, innovation is the norm. In just two decades, major transformations have taken place across the continent — and virtually every few years, a new shift takes place. …

Introduction About 95% of retail payments in Africa are in cash and consumer payments are expected to top $2.1 trillion by 2025. With a growing youthful population and rapid adoption of smartphone technology, the continent is a hotbed for Fintech innovation as companies build solutions to capture the payments opportunity…

Osahon Akpata, an African business evangelist, is passionate about executing winning strategies for businesses on the continent and sharing their success stories globally. …