Fintech consultant for Digital wallets, Electronic Fund Transfer, Digital currencies, Electronic KYC, Payments, Strategy, Development.
LiberPay is a payment platform that addresses the needs of the next generation of consumers in emerging markets in Africa. LiberPay is a payment platform that addresses the needs of the next generation of consumers in emerging markets in Africa. It allows consumers to have a simple and easy way to send and receive payments, top-up airtime, split payments and so much more!
LiberPay also offers companies the opportunity to be plugged into 150 million mobile wallets through a single API to over 40 countries across Africa.
LiberPay is a product of InterVAS, a technology company and leading value-added services provider. Launched in 2006, InterVAS has connections to over 200 mobile operators globally and we help organizations across multiple sectors and geographies engage and interact with their customers and employees.
To be the leading Pan African payment platform by the end of 2020
To empower our clients with mobile payment services by providing them with a reliable platform that offers services that meet their requirements and enabling them to achieve their business objectives
Newer entrants in the financial technology space (fintech) are driving rapid change throughout the financial services sector and beyond. How can the fintech industry realize its growth ambitions which are so often based on creating positive societal impact? Discover how our fintech solutions, insights, and multidimensional approach to advising and collaborating can help fintech adapt to the ever-evolving business environment.
Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. Fintech, the word, is a combination of “financial technology”.
When fintech emerged in the 21st Century, the term was initially applied to the technology employed at the back-end systems of established financial institutions. Since then, however, there has been a shift to more consumer-oriented services and therefore a more consumer-oriented definition. Fintech now includes different sectors and industries such as education, retail banking, fundraising and nonprofit, and investment management to name a few.
Broadly, the term “financial technology” can apply to any innovation in how people transact business, from the invention of digital money to double-entry bookkeeping. Since the internet revolution and the mobile internet/smartphone revolution, however, financial technology has grown explosively, and fintech, which originally referred to as computer technology applied to the back office of banks or trading firms, now describes a broad variety of technological interventions into personal and commercial finance.
Fintech now describes a variety of financial activities, such as money transfers, depositing a check with your smartphone, bypassing a bank branch to apply for credit, raising money for a business startup, or managing your investments, generally without the assistance of a person.
Fintech’s Expanding Horizons
Up until now, financial services institutions offered a variety of services under a single umbrella. The scope of these services encompassed a broad range from traditional banking activities to mortgage and trading services. In its most basic form, Fintech unbundles these services into individual offerings. The combination of streamlined offerings with technology enables fintech companies to be more efficient and cut down on costs associated with each transaction.
If one word can describe how many fintech innovations have affected traditional trading, banking, financial advice, and products, it’s ‘disruption,’ like financial products and services that were once the realm of branches, salesmen and desktops move toward mobile devices or simply democratize away from large, entrenched institutions.