How Open Banking Fintech in Africa will shape the continent.
https://techibytes.com/how-open-banking-fintech-in-africa-work/


Over the years, Open Banking in the financial sector has become a major source of innovation poised to reshape the banking industry. It is created to pave the pathway to unite financial technology (Fintech) and the banking industry with an improved application programming interface (API). In this article, I’ll be dissecting the meaning of open banking Fintech and how it’s reshaping Africa’s economy especially Nigeria.


According to a new report, the global open banking market size is valued at $7.3 million in 2018, and is expected to reach $43.1 million by 2026, registering a CAGR of 24.4% from 2019 to 2026.


Before you ask what open banking is all about, you should know that this groundbreaking technological advancement is the back bone of most Fintech companies in Africa today and is also behind the ease you experience with banking.

Full details

https://techibytes.com/how-open-banking-fintech-in-africa-work/

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