The African Continental Free Trade Area (AfCFTA) is reshaping Africa’s economic landscape, now extending its impact to financial services through fintech license passporting.
Why it Matters:
Fintechs currently struggle with fragmented licensing across countries, leading to high costs and delays. A unified license could:
✔ Cut costs through streamlined processes.
✔ Enable faster market entry.
✔ Boost financial inclusion for the unbanked.
Collaboration among governments, the AU, and RECs is vital to make this vision a reality.
Learn more here.
