Africa’s fintech revolution can only achieve sustainable growth if the infrastructure powering digital transactions is resilient, reliable and capable of earning customers’ trust, Michael Adesola, acting managing director/CEO of Belema Fintech, has said.
Speaking at the Nigeian Fintech Forum, Adesola challenged stakeholders across the continent’s financial technology ecosystem to look beyond user growth, transaction volumes and digital innovation, arguing that the next phase of Africa’s fintech development would be determined by the strength of the infrastructure supporting it.
“Africa doesn’t have a fintech shortage. What we may have is a resilience shortage. The real question is no longer how fast we can scale, but whether the infrastructure beneath that scale can be trusted when the pressure comes,” the the CEO said.
According to him, the rapid expansion of fintech across Africa is placing unprecedented demands on payment infrastructure, with systems now expected to support millions of users, increasing transaction volumes
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