但是，创新路上并不是只有Yoco，南非中央银行也参与了区块链相关的支付创新。Khokha项目本周获得了来自全球中央银行论坛Central Banking的Best Distributed Ledger Initiative奖，该项目是架设在银行之间的基于以太坊的DLT系统，用于大额支付系统。
For many of us in the west, card terminals are ubiquitous. But in South Africa, only 7% of businesses are ready to accept card payments, despite a card penetration rate amongst consumers of 75%, according to reports.
With 27,000 merchants already on its books, payments startup Yoco looks set to upgrade SMEs across South Africa, with news the business has raised $16M, led by venture fund Partech.
Most famous for pioneering mobile payments in the likes of M-Pesa, Africa represents a new ‘next’ frontier for fintechs, especially on the payments front. Consumer spending is reported to be over $1.4 trillion across the continent, and over 1 million small businesses exist, that could be addressed by services like Yoco.
But it isn’t just Yoco innovating. Even the central bank is in on the payments innovation game – the blockchain one. Project Khokha, an Ethereum based DLT system between participating banks for a wholesale payments system picked up an award this week for Best Distributed Ledger Initiative, from Central Banking, a global central banking forum.
This openness to testing blockchain could be a sign of further digital currency developments in the works. While Zimbabwe has attempted to ban cryptocurrency trading, South Africa seems to be taking a more lenient approach. A few months back the first cryptocurrency ATM was reported to have been installed in Johannesburg.
Where to next for Africa? Well, for those interested in the space, keeping tabs on these startups is probably worthwhile:
MaTontine – The startup digitizes a centuries old practice of communal savings groups, called tontines. A tontine is an investment plan devised in the 17th century that combines features of an annuity and a lottery.
Piggybank.ng – a simple savings app with a feature that allows you to lock all or parts of your savings up and receive instant upfront interest.
Numidia – an unsecured lending app who’s proprietary algorithm merges cash flow and financial behavioural data insights to determine credit-worthiness.
There is plenty of scope for fintech growth in Africa, and many ideas that may have reverse applicability in transformed ways back in the West. The country is the leader in ‘microfintech’ in many respects, a trend that is growing in more developed countries as millennials adopt microinvesting and fractionalized fintech offerings. Lot’s to learn indeed.