The Fintech Times’ Post

Transcript

Hi, my name is Hassan Kazmi, lead Digital Partnerships for Visa Insomnia, which is Central Eastern Europe, Middle East and Africa. And digital partnerships means my team possible for all of our partnerships with fintech clients and also some of our arts ethnology partners. Fantastic. So we've worked together on the 4th iteration of the Middle East and Africa report. So what I really wanted to do is sort of diving into a little bit more of the detail that we found within that and obviously what Visa is doing within those sort of areas as well. One of the main sort of errors we started with is that a lot of people think that Fintech is just papers and people might also think that Visa is just papers. But actually there's actually quite a range amount of other subsectors that go in to make up what we call Fintech. What from your point of view and Visa's point of view, how do you see the stepsides, the separate subsectors playing out? Yes. So I think one of the main reasons people a lot of times think Syntech is only payments and vice versa will cause payments is a critical enabler. And then open up the rest of the financial services ecosystem of Fintex. So you're, you're very correct. So when you think of Fintech, it's not just payments, but payments often is what needs to be digitized first before you can open up the Fintech ecosystems. And as we think about fintech ecosystem, it's a very broad space. So you have everything from digital banking to micro lending to alternative ways to store credit to small businesses, wealth, tech, insure tective space is quite wide, I think in our region. Specifically, since we are so earlier in the evolution of fintech, there's been a lot of innovation that's happened in payments, which as I mentioned before, then opens up the broader ecosystem of Intact. Check the link in the description below to find out more about Visas Africa Accelerator, a groundbreaking initiative that connects Africa's brightest minds with experienced mentors, cutting edge technology and unparalleled investment opportunities to fast track startups access across Africa. Dynamic fintech ecosystem.