New Age Finances | Industry Outlook
New Age Finances
Between 2007 and 2009, the world experienced the Great Recession, the worst financial crisis since the Great Depression that lasted a decade in the 1920s and 1930s.
It’s not hard to see why so many neobanks have since emerged. With the incredible boom in technological accessibility around the world, the digital age demands online products and services in all aspects of life, and with the explosive rise of e-commerce, online banking has become not only the norm, but also a need.
However, this necessity is not simply based on need. Careers and businesses are going digital and sacrificing physical assets for virtual realms, in many cases completely, using remote or hybrid work teams, and the best and latest work and communication software. . At the same time, the presence of revolutionary digital banks makes it possible to easily and seamlessly integrate banking into businesses or people’s lives, allowing individuals to access, use and control their assets whenever and wherever they want. .
Neobanks are currently at the center of Africa’s infrastructure development, digitally transforming the continent and enabling individuals and businesses to thrive in a rapidly changing online world. And with so much to offer, such as resources (natural and manufactured), skilled labor, and land investment opportunities, the use and progression of neobanks can facilitate rapid and large-scale exchange. of wealth, promoting Africa’s growth and presence in the global market. .
THE FUTURE OF FINTECH
Given Africa’s potential and the funding flowing into the continent, FinTech companies such as Kippa, along with the rise of neobanks, are two spheres of financial services that will be central to the growth of individuals, families and businesses in the future.
Kippah – in the heart
Instant business bank account
• Obtain an account in the name of the company
• Send and receive payments from customers
• Record daily sales and revenue
• Send free receipts and invoices
• Collect debt three times faster from debtors
• Manage the stock without counting
Get a point of sale terminal
• Collect card payments offline using KippaPay™
• Register the business with the name of N15,000
• Three-day premium processing time
Free website for your business
• Create an e-commerce storefront in 15 seconds
• Easily manage orders via WhatsApp