EBANX PAYMENTS SUMMIT: Unfolding Africa's Financial Tomorrow: eBanking, Mobile Money and Credit Innovations with Wiza Jalakasi

The MoneyPot

This is a special series from the EBANX Payments Summit, which focused heavily on Rising Market - aka- Latam, Africa, and India.
In this episode, we speak with Wiza Jalakasi, Director of Africa Market Development, EBANX

Ready to take a journey into the financial future of Africa? We've got an exciting exploration planned with our special guest, Wiza Jalekasi, Director of Africa Market Development, EBANX. We dive deep into the nuances of the African market, discussing the successes and challenges of eBank's expansion in countries like Kenya, South Africa, and Nigeria. Riza offers fascinating insights, drawing parallels between Africa and other developing markets like India and Latin America.
As we trek further, we investigate the rising phenomenon of mobile money. It's not just about finance; it's about the evolution of digital commerce and how it's reshaping economies in Latin America and Africa. We also discuss the financial inclusion being driven by mobile money and the role it plays in bridging the digital divide. If you've ever wondered about the complexities of cross-border regulations or the potential collaborations within the payment stack, this episode promises enlightening discussions. We'll also explore the unique offline capability of mobile money systems and the possibilities it opens for credit products.
Finally, we switch gears to discuss credit card alternatives booming in Africa. High interest rates and potential overspending have driven the rise of 'buy now, pay later' solutions and mobile money. We'll also take you through the financial innovation scene in Nigeria, where high-interest checking accounts and profitable credit solutions are changing the game. Fancy learning about the peculiar practice of paying rent a year in advance in some African countries? We've got that covered too. Our journey into Africa's financial landscape is a rollercoaster of insights and revelations – you don't want to miss it!
Host: Rachel Morrissey, Money20/20
Guest Host: Estelita Hass, EBANX

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1. EBANX PAYMENTS SUMMIT: Unfolding Africa's Financial Tomorrow: eBanking, Mobile Money and Credit Innovations with Wiza Jalakasi (00:00:00)

2. eBanks' Expansion and Growth in Africa (00:00:03)

3. Mobile Money in Africa (00:14:18)

4. Credit Card Alternatives in Africa (00:22:25)

5. Mobile Money Without an App Benefits (00:31:50)