Tanzania is fast realising the potential of fintech solutions for its unbanked population, and has been in Africa’s frontline mission of boosting financial inclusion. But, first it had to make fintech regulation a business enabler, enacting a number of laws to make the playing field conducive for both local and international players.
However, cash strapped fintech startups and financial cyber fraud means hurdles still abound.
Nation Media Group’s tech journalist Faustine Ngila had a chat with Cynthia Ponera, head of WorldRemit East Africa, a global cross-border payments company that has been providing services in the Swahili speaking nation for some years now.
